News

China's "Big 4" to lend $110B in Q1

China's "Big 4" to lend $110B in Q1

Chinese regulators have ordered the nation's four biggest banks to cap their combined new loans in the first quarter at US$110 billion.

BoCom to raise $758mn for renminbi investment fund

The bank’s BoCom International Holdings (Shanghai) Co. will manage the fund that will further diversify its business.

China banks to issue subordinated bonds on financing pressure

Bank of Beijing, China Minsheng, Agricultural Bank of China (ABC) and the Industrial Bank issued bonds to supplement capital adequacy ratio.

Bank of East Asia starts offering derivative warrants

The lender committed to launching new investment products to keep pace with market developments and to enhance non-interest income.

Westpac’s CEO set to testify at senate competition inquiry

Gail Kelly is expected to follow her rivals to argue that Australian retail banking competition is strong.

Moody's raises FC deposit ratings of Indonesian banks

Moody's raised the foreign currency long-term deposit ratings of 10 Indonesian banks to Ba2 from Ba3. The revised ratings carry stable outlooks.

Kookmin to sell $147.42mn stake to POSCO

KB Financial is seen to engage in share exchange deals with two or three Korean conglomerates.

Chinatrust eyes acquiring Metlife Taiwan unit

Chinatrust sets its sight on Metlife after it failed to win AIG Taiwan unit bidding.

Union Bank of India offers new term deposit scheme

The new product is seen to further boost deposit growth after the bank’s 17% surge.

Maybank studies opportunities in Indian market

It may take about 1 to 2 years for the bank to open its first branch in India.

Union Bank of India starts offering Swiss bonds

UBI targets to raise more than $129.5mln following concerns that Indian companies may face rising borrowing costs after selling $11bl of overseas bonds.