In Focus

India public sector banks to employ over 400,000

Hiring spree is prompted by the fact that a large chunk of 1mn PSB employees will retire in the next two years.

HSBC eyes to extend renminbi products to Australia

The lender’s introduction of new products to Australia to hedge their currency risk in doing business with China, a major consumer of Australian mineral and energy resources.

In Focus

China banks to raise $12.34bn bonds in Hong Kong

Bank of China and BoCom mull to issue up to $30.84bn in bonds despite market doubts that Hong Kong can accommodate such a massive fundraising.

In Focus

Indonesia banks step up launch of microlending units

Lenders keen on seizing opportunity to expand market and boost profit by tapping the less affluent.

In Focus

StanChart may exit from South Korea

While the lender’s growth lags rivals following focus as it shifts to retail lending, it says remains committed to South Korea.

In Focus

South Korea banks to put up debt clearer

Seven lenders with huge outstanding loans will furnish the capital to establish the debt clearer with $1.12bn capital.

In Focus

ANZ expands Asia presence via deal with China Eximbank

The pact enables ANZ to provide China Eximbank with finance facilities, offshore yuan bonds and other resources.

In Focus

Hana, Lone Star mulls KEB deal deadline extension

A source said both parties were positive on extending what may be the largest banking deal in Korea.

In Focus

Australians in looming debt spiral

NAB study shows 2.6mn Australians would have difficulty raising $3000 in an emergency while many lack access to basic banking services.

In Focus

Sacombank's Laos branch changes operation model

Sacombank is pondering about changing the operation method for its branch in Laos.

In Focus

China banks’ profit boom seen despite tightening

Earnings rise continue amid government moves to restrain 5.4% inflation in the second largest economy.

In Focus

PBoC governor: China needs to reduce FX reserves

PBoC governor Zhou Xiaochuan said China’s FX exceeded US$3tn at end March, way above necessary levels.

In Focus

People's Bank of China pulls out $12.7bn from money market

China’s central bank had already hiked banks' reserve requirement ratio thrice as it steps up drive to tighten excess liquidity amid concerns about rising inflation.

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Taiwan banks face risks from property downturn

The improving financials may be more cyclical than structural, said Fitch.

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CQG and Dot Commodity agreed service broker contract

Dot Commodity's clients can also utilize CQG’s suite of server-side tools, CQG Spreader and the Market Aggregation expression, for execution and management of latency-critical trading strategies across key global and domestic exchanges.

In Focus