News
Goldman Sachs cuts its stake in ICBC for the fifth time since 2009
Goldman Sachs cuts its stake in ICBC for the fifth time since 2009
GS sold around 1.34b H-shares of ICBC.
Singapore's loan growth feared to be on a declining trend
Overall loan growth is expected to moderate to 8% this year.
State Bank of India to open second Chinese branch
Will be located in Tianjin, the largest coastal city in northern China.
Hana Financial to delist KEB after buy out
Will follow its taking over 100% of Korea Exchange Bank.
Probes reveal banks' manipulation in Singapore’s offshore FX market
Evidence surfaced that traders colluded to manipulate rates in Singapore's offshore foreign exchange market.
Maybank eyes Muslim market in southern Philippines
Maybank will expand its financial services and investing in the Mindanao region of the Philippines.
Hong Kong banks threatened by intensifying competition from foreign banks
Aggressive Chinese banks increased their presence in Hong Kong from 9% to 15%.
Metrobank's loan growth forecast to increase 15% in 2013
Transaction fee income is an impetus for earnings expansion.
10 Thai banks' combined net profit up 24% to Bt162b
But guess which bank is the laggard with a 60% earnings drop?
Citibank achieves first cross-border renminbi lending deal
Citibank (China) Company last week completed its first cross-border renminbi lending transaction.
UK becomes G7 leader in offshore renminbi trade
The Bank of England will soon become first G7 central bank to enter into a foreign exchange swap agreement with China.
Morgan Stanley gives up banking license in India
New regulations forces hand of sixth largest US bank.
China's ICBC targets expansion in East Malaysia
ICBC sees its expansion in Kuching as a gateway to further expand throughout the Sarawak and into Sabah.
China banks no longer the main sources of long-term financing
They just provided 25% of financing to corporates in 2012.
Maybank injects US$100m capital for growth in the Philippines
It recently invested US$48m for a new head office in Manila.
Foreign banks protest proposed Indonesian banking law
Bill also limits investors to a controlling share in only one bank.
China claims foreign banks upbeat about its economy
Weak US recovery and the persistent Eurozone crisis make China a better bet.
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