News
HSBC boosts India presence by buying RBS businesses
The $1.8bln India expansion is part of the lender’s strategy to set up businesses in emerging markets.
HSBC boosts India presence by buying RBS businesses
The $1.8bln India expansion is part of the lender’s strategy to set up businesses in emerging markets.
DBS forges new saving scheme for parents
DBS launches EduSmart to address concerns and uncertainties that parents face today on deciding how much they need to provide for their children’s future.
Fitch says DBS and OCBC are stable
Fitch's affirmation of DBS and OCBC's stability status reflects the banks' strong credit profiles.
AgBank mulls price range adjustment for Shanghai IPO
A narrower price range or $0.37-$0.39 per share for the Shanghai offering is likely amidst weaker demand among investors in the mainland.
Philippines' Central Bank intervenes in PBCom sale
BSP persuades the Chung, Nubla and Luy families to divest stakes from lender.
Taiwanese banks to expand in China
Land Bank, Taiwan Cooperative, Chang Hwa Commercial and Taiwan Business to set up branches in China.
Chinatrust quits Nan Shan unit acquisition
The $660mln takeover failed to materialise as lender let the acquisition agreement to expire.
KB’s new chair seeks 30% company value boost
Euh Yoon Dae vowed to quit post if he could not improve group’s stock value.
Hyundai ends KEB services on bitter note
Group attributes KEB misappraisal and small credit line for its decision.
Maybank to convert Indonesian unit into syariah bank
BMI keen to exploit growing potential of Islamic banking following its $93.44mln capital reduction.
China Construction secures shareholders’ nod
Lender targets $11bln from 630mln shares in Shanghai and 15.7bln shares in Hong Kong.
World Bank to grant $1bln loan to India
India seeks amount to recapitalise its PSUs after receiving $2bln last year.
HSBC inaugurates flagship centre to support SMEs
Lender posted 42% increase in lending to SMEs and 22% growth in deposits.
Archer Daniels Midland to invest in AgBank IPO
The US food giant will invest $200mln alongside Qatar and Kuwait sovereign investment funds and Standard Chartered.
Rabobank divests $213mln stake in Yes Bank
Rabobank sells 11% stake to open bank focusing on agriculture, food, renewable energy and clean technology.
China's BoCom earns $2.5bln in rights issue
Lender still needs $2.34bln to achieve $4.84bln target for combined Shanghai and Hong Kong rights issue.
Huijin supports CCB's rights issue
Parent Huijin's announcement precedes CCB's shareholder meeting tacking to push through with the $11bln fundraising plan.
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