In Focus
The Mainland finally branches into Taiwan
The Mainland finally branches into Taiwan
Two of China’s top five banks are to establish branches on Taiwan, becoming the first Mainland lenders to bank on the island.
Top 4 Aussie banks targeted for ratings downgrade
Soaring loan costs are about to cost Australia’s “Big Four Banks” dearly.
Government-owned bank in Philippines’ biggest public issuance
Land Bank of the Philippines said it raised P10.5 billion from the sale of Tier-2 notes.
ANZ leads Australia's growth drive in Asia
The ANZ Group is seeking a licence in Thailand as National Australia Bank opens its first branch in India. Thai Prime Minister Yingluck Shinawatra met ANZ chief Mike Smith on Friday to discuss reducing the two-year waiting period for a licence so that ANZ could set up its wholly-owned subsidiary. ANZ only has a representative office in Thailand. An ANZ spokesman said the bank had been looking to turn its representative office into a full branch so it could better service trade and investment flows between Thailand, Australia and New Zealand and other Asian countries. “It’s not a strategic priority but it’s an important part of having a fully fledged Asian network,” the spokesman said. Meanwhile, NAB is following ANZ and Commonwealth Bank of Australia into India by opening a branch in Mumbai. In an interview with the Rupee Times, Rob Wright, chief of NAB’s Asian unit, said the branch opening followed demand from clients for the bank to do more in India.
South Korean banks post record FX turnover
South Korean banks are riding the wave of the country’s first-ever trade volume of US$1 trillion.
Japanese invade Aussie banking industry
Three of Japan’s largest banks have begun a campaign to conquer at least 10% of Australia’s lucrative banking industry.
Philippines faces volatile banking crisis
The Philippines’ financial system isn’t as immune to the worsening Eurozone debt crisis as it thinks it is.
India’s Corporation Bank pushes risky overseas expansion
Government-controlled Corporation Bank plans to establish 400 overseas branches in just two years.
Malaysia's CIMB to break into Philippine banking by March
CIMB Group Holdings Bhd will finally achieve its bridgehead in the Philippine banking industry within the next two months.
Vietnam’s central bank denies banking catastrophe
The State Bank of Vietnam, the central bank, resolutely denies the country’s banking system has fallen into a severe debt crisis.
RHB Capital, OSK seek merger approval
RHB Capital Bhd and OSK Holdings Bhd have submitted an application to merge.
Bank of China looks to Europe for more profits
Europe continues to be the happy hunting ground for leading Asian banks seeking growth through mergers and acquisitions.
Japanese banks take IMF stress tests to counter future failure
Japan’s burgeoning debt, now equal to about twice the country's annual economic output, focuses sharp attention of the vulnerabilities of Japanese banks.
Mainland Chinese banks gear up to invest in Taiwan banks
But the question is, who will be the first to do so?
Major South Korean banks flood Asia
Expand or die.
Japanese banks on M&A binge in Europe
The strong yen is making Europe a profitable hunting ground for leading Japanese banks bent on mergers & acquisitions.
Sumitomo Mitsui Financial Group to buy European lenders' assets
Japan's second biggest bank received $90b in offers from European banks.