Retail Banking

Temasek divests its entire $643mln Hana shares

Analysts say move shows shifting of Temasek’s focus to resources sector-analysts while crippling Hana.

Temasek divests its entire $643mln Hana shares

Analysts say move shows shifting of Temasek’s focus to resources sector-analysts while crippling Hana.

Bank of China-Temasek JV to launch first branches

JV aims to hire 14,000 staff and open 400 branches as it compete with AgBank-StanChart JV.

Chinatrust' Jeffrey Jr. Koo faces 9-year sentence

Ex-vice chairman charged with insider trading and banking regulation breaching over the firm's planned acquisition of Mega Financial.

Bank of Taiwan to offer Renminbi settlement

Customers can save about 1% in the cost of yuan settlement services.

PBCom stake divestment unlikely

Seeks to sell of major stake as existing shareholders are not eager to contribute additional capital.

Regulator penalizes Kookmin for breaching board rules

The bank offended the rule regarding compensation of directors as it incurred travel expenses worth $29,700.

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.

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.

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.

HSBC China Dragon Fund gets approval for repurchase mandate renewal

Chinese equity fund aims to point out hidden opportunities in fast-growing economy with daily trading convenience.