News
India to impose new accounting standards on banks
India to impose new accounting standards on banks
International Financial Reporting Standards to be implemented in 2016.
RBI considers new interest rate cut
It’s needed to push India’s economic growth to 8%.
HSBC and BoCom sign renminbi business deal
Memorandum of understanding covers cross-border renminbi business cooperation.
Japanese Big Three megabanks aiding Myanmar
Provide assistance to government agencies and others on managing infrastructure loans.
ICBC to acquire stake in major Taiwan bank
Industrial & Commercial Bank of China Ltd. plans to buy 20% of Bank SinoPac.
Chinese banks' shares underperform for the second consecutive month
Blame it CBRC's new rules for the WMP market.
Planned BRICS bank to complement World Bank
But intends to break the grip of Americans, Europeans and Japanese in major lending institutions.
ICBC launches renminbi clearing services in Singapore
Also inaugurates three new “hubs” focusing on renminbi businesses.
UOB Mobile records 1m transactions every month
More than 70% of UOB customers use the App.
What to expect of BOCHK in 2013
Offshore RMB business is key.
Australia to secure currency conversion deal with China
Government green lights deal that should cut the costs of doing business with China.
China-Taiwan banking consultations continue
China said talks with Taiwan should produce “good results”.
RBI slams proposal for Unified Financial Agency
Central bank also nixes plan to remove its debt management powers.
ICBC reports 14.5% hike in earnings
Performance in 2012 makes it the world’s most profitable bank.
Singapore banks' 2013 housing loan growth pegged at 8%
It's just half of 2012's feat.
Aussie banks investing massively in Asia
Australia’s cash flush banks’ holdings of Asian assets jump 315% since 2008.
India likely to have one regulator for the finance sector
Five regulating agencies to be merged into a Unified Financial Agency.
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