News

Indian government kicks off move to replace chiefs of 8 banks that will retire next year.

Bapepam gave the Malaysian bank until June 1 to divest BII stake which it bought for pricey $2bln.

Employees fear Hana Bank’s lower profit compared to KEB may spread to the latter.

Bangkok Bank's expects its 2011 lending to surpass the the 4-5 percent expected this year. The bank ascribes this to consumption, investment and government spending.

The claims seek to recover any third-party costs customers face from online transactions following technical failure.

India's central bank is discouraging "teaser loans" due to a higher risk of delinquencies.

The US bank regains its focus to revitalize its Asian presence by advising on mergers and acquisitions in the region.

The bank had to source funds by covered bonds elsewhere since they are banned in Australia.

The Chinese bank is also in negotiations with KB Financial Group for a stock swap.

Partnership with Nokia and Obopay allows users to store money safely, to send money and to make payments across locations.

Six companies submitted letters of intent to the South Korean government to buy Woori’s 57% stake.

Vietnam banks exposed to the Vinashin’s US$600 million unsecured loan were given a credit negative by Moody’s.

Move brought relief to ANZ’s investors, who were nervous about the capital needed to fund the acquisition.

The lender considers joining leading Chinese banks that have built presence in trust business by merging local trust companies.

Aims to buy majority stake of a smaller bank with identical vision with its micro-loan expansion.

Seeks to raise additional capital to take advantage of growth opportunities given the improving economic conditions.