News
Two Chinese banks compete for consumer credit operation in Shanghai
Two Chinese banks compete for consumer credit operation in Shanghai
Backed by the central government, the winner between Bank of China and the Bank of Shanghai will offer loans at cheaper rates aimed to boost economy.
Keating slams govt for giving banks too much power
Government should exercise its regulatory role more strictly, said former Prime Minister Paul Keating.
Sansiri, SCB tie up to launch credit card
The two companies target to sell 50,000 of Thailand's first housing credit card in the first year of its release.
China rolls over $36 billion bonds issued to CCB
Chinese government extends maturity of bail-out bonds for another ten years after CCB announced inability to repay loans.
Temasek says portfolio improving
CEO Ho Ching said company’s early move reaps 32 percent growth in investment.
BPI Family Savings launches new service to SMEs
BPI Family Savings senior executive Mercedes Roces said the bank now offers comprehensive cash management package to SMEs.
CMB sees holdings of foreigners shrinking
Foreign banks cut investments in CMB since August 2009, with JP Morgan Chase & Co., UBS and Barclays Bank among the said investors.
Talks on PBCom sale in “advanced stages”
PDIC head told the media of bank’s possible acquisition by investors.
SocGen sees India as catalyst for growth
In the next two to five years, SocGen is set to add services to existing locations in India and to acquire 37 percent stake in SBI Funds Management.
PNB eyes stake in Metrokombank
Part of PNB's expansion overseas includes tapping Kazakhastan market.
BOCHK, BCA sign agreement
BOCHK expands business of its RMB services by tapping Indonesian bank BCA.
SBI, State Bank of Indore tie-up asked for clarifications
Concerns prompted Indian government to look for details of the merger.
ICICI Bank to divert assets into JV
ICICI enters a US$80 million joint venture deal with First Data.
StanChart expands dealer base in China
StanChart senior executive John Tan said the bank's addition of dealers by two-thirds in three to five years aims to intensify presence in the country.
DBS Bank ties up with Aviva India
The partnership would enable DBS to offer Aviva services to high net worth customers in India.
CIMB launches exclusive structured product
CIMB Bank Bhd head of retail banking Peter England said the bank's new product aims to protect capital and ensures returns.
NAB to issue hybrid tier 1 securities
In an effort to safeguard bank deposits, NAB looks forward to sell US$500 million in hybrid tier 1 to investors in Europe and Asia.
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