News

100% stake in Sathorn Asset Management with $90.38mln NPL planned to be sold to CIMB Group.

Misery loves company, with Shinsei Bank continuing its slump as it fell to its lowest in two months in Tokyo trading after news went around on the supposed collapse of merger talks with equally beleaguered Aozora Bank.

The ban was lifted after accounting firms KPMG and PricewaterhouseCoopers said they were satisfied with the banks' plans and implementation.

Bocom International is seeking to raise as much as $500 million in its first private-equity fund focusing on Hong Kong and China.

Lender’s profit back to green despite KB Financial’s Q4 net slid by 59.4%.

Optimism attributed to expanding branch network coupled with SME owners’ 24-point Q4 confidence level.

Surge attributed to bank’s preference to maintain high lending margins despite low 10% lending growth.

Bank of East Asia's consolidated profit after taxation reached US$339.7 million for 2009.

Twelve of Asia Pacific’s banking systems were given improved stable outlooks by Moody’s Investors Service.

Over-reaction of regulators ranked as the biggest fear of Asian bankers.

Central bank's aversion for consolidation of lenders spurs government to shelve moves to discuss M&As.

Moody's Investors Service downgraded its ratings on certain Singaporean banks' hybrid securities in line with its revised guidelines.

Loans growth and higher non-interest income aided net profit boom to $289.52mln.

CCB would provide 60 percent for the venture while Banco Santander will fill in the rest.

The bank raked in the highest profit in seven quarters and topped combined profits of Japan's megabanks.

The AmBank group recorded a profit of US$224 million for nine months ending 31 March. The after tax and minority interest figure translates to a 12.6 percent growth over the previous corresponding period.