News
Regulator penalizes Kookmin for breaching board rules
The bank offended the rule regarding compensation of directors as it incurred travel expenses worth $29,700.
Regulator penalizes Kookmin for breaching board rules
The bank offended the rule regarding compensation of directors as it incurred travel expenses worth $29,700.
Singapore Monetary Policy Tightening Is Credit Positive for Banks
The Monetary Authority of Singapore’s (MAS) tightening of monetary policy to benefit banks operating in Singapore, according to Moody's Investor Service.
KT Corp to buy 20% BC Card stake
Woori and KT will sign an MOU as two parties will continue to negotiate purchase price.
Metrobank plans to raise $231.23mln via rights offer
The lender aims to use proceeds to fuel CAR growth in anticipation of higher capital standards.
CIMB's listing on Bangkok deferred to 2011
CIMB Thai unit sees return to profit in first nine months after posting $1.36mln loss.
China regulator backs application of 2 Taiwanese banks
CBRC enables upgrading into official branches Cathay United’s Shanghai and Hua Nan Commercial’s Shenzhen offices.
Central Huijin increases stake in major China banks
Central Huijin also said it will support rights issue plans of ICBC, BoC, and CCB.
Korea auditors to inspect Woori Financial on November
Inspection to focus on enforcement of MOU signed every two years between Woori and the KDIC.
SBI customers to avail mobile money transfer service
SBI joins forces with Western Union to open service in its 12,000 branches across India.
China Merchants applies for establishing Taiwan representative office
The Chinese bank seeks to open banking services in Taiwan under Economic Cooperation Framework Agreement.
Khazanah raises US$380mln from sale of CIMB stake
The fund divests 2% of its 147mln shares in CIMB.
Siam Commercial sees flat growth in bad loans
The lender attributes improved economy to help debtors repay.
OCBC Malaysia launches new payment system
Easi-GIRO gives solutions to help businesses manage their cashflow and records about 250,000 transactions per month.
MBK seeks takeover of partial KEB stake
Deal between MBK and Lone Star relies on what ANZ plans to do.
KB chief mulls downsizing 10% of workforce
Senior employees about to retire will be encouraged to take early retirement compensation package.
Korea to offer $6.16bln Woori stake late October
Government to Woori stake as it may use divestment to create a dominant financial holding company.
Bank of China to strike deal with 4 Taiwan banks
MOUs to likely pave way for future direct yuan settlements between BOC and Taiwanese lenders.
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