News

The jockeying for a share in Thailand's Bank of Ayudhya PCL now involves Singapore's largest bank and one of Malaysia's largest universal banks.

The HSBC Group is concentrating more in Malaysia and Saudi Arabia and less in Indonesia in its Islamic finance offering to customers.

Two of Japan's largest banks are heading the US$2.7 billion rescue of the bankrupt electronics giant.

Japan's Mizuho Financial Group admitted a securities valuation loss of some US$2 billion for the third quarter.

Vietnamese banks are focusing at smaller sources of income such as credit card service fees and interest rates on card payments due to sluggish demand for loans.

Maybank is looking to raise RM2.64 billion to further strengthen the bank's capital base.

Bangkok Bank will build brand awareness by revamping its retail banking business.

Taiwan's Financial Supervisory Commission, the banking industry regulator, reports that Taiwan’s banks are expanding into Southeast Asia on a massive scale.

Nearly 30 percent of all bank branches in Seoul were found to be concentrated in three wealthy Gangnam areas--the districts of Gangnam, Seocho and Songpa.

Taiwan’s Fubon Financial is seeking a 51 percent stake in China-based First Sino Bank for RM2.09 billion within the year.

Citibank Taiwan can immediately extend its renminbi-based products and services once Taiwan and China work out currency clearing and settlement rules.

Foreign ownership cap in Vietnamese banks should be considered carefully to prevent a wholesale takeover, experts warn.

Thai Commercial banks after are questioning four state-owned banks' failure to pay the fee of 0.46 percent of deposits to the Financial Institutions Development Fund.

Industrial Bank of Korea will open offices or cooperate with banks on all six continents by year-end, according to its CEO Cho Jun-hee.

There are now 14 Hong Kong-based bank branches on the Chinese mainland nine years after the signing of a key economic plan.

The bank eyes a 10% increase in its total card base within the first two years of the card's launch.