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King’s Bank chairman denies plans to sell to Cathay Financial
King’s Bank chairman denies plans to sell to Cathay Financial
Reports of plans by Cathay Financial to acquire King’s Town have been described as inaccurate by the latter's Chairman.
Myanmar outlines monetary development plan
Myanmar has outlined a master plan for monetary development to be implemented with the assistance of the World Bank.
Philippine Deposit Insurance Corp. approves PNB-Allied merger
The Philippine Deposit Insurance Corp. has approved the merger of Philippine National Bank and Allied Banking Corp.
Woori Financial sale falls though
Plans to privitize Woori Finance fell through as no one applied for the preliminary bids for the 57 percent government stake.
Malaysia's Maybank, CIMB expect exemptions to Indonesia's bank ownership rule
News that Bank Indonesia will make exceptions for higher ownership levels in local banks will reflect positively on the share prices of Maybank and...
Maybank committed for long term in Indonesia
Maybank expressed its long term commitment to Indonesia and that it will continue to play an important role in supporting the growth of its economy...
Thailand's Kasikornbank to open rep office in Myanmar
Kasikornbank has received a license to open a representative office in Myanmar.
Korean bank workers to strike over potential KB-Woori merger
South Korean bank workers will stage a one-day strike late this month to protest a potential merger between KB Finance and Woori Finance.
Malaysia's banking system rated stable by Moody's
Moody's gave a stable outlook for Malaysia's banking system in the next 12 to 18 months with its expansionary policies tosupport credit growth.
Malaysian financial system benefiting from Japan: Governor
Malaysia welcomes the continued participation of Japanese financial institutions in the domestic financial sector and in the Labuan International...
S. Korea's money supply increase 5.5 % in May
South Korea's money supply amounted to 1,784.2 trillion won or US$1.6 trillion in May, up 5.5 percent from a year earlier, according to the Bank of...
Taiwanese banks prepare more mainland expansion
Taiwanese banks are expanding their in the mainland with two opening branches in the last two weeks and another one on the way.
Korea Eximbank sets up Philippine office
Korea Eximbank has set up an office in the Philippines in anticipation of the expected rise in investments from South Korean firms.
China's ICBC takes controlling interest in US bank
ICBC became the first Chinese lender to take a controlling interest in a U.S. bank after completing its 80-percent purchase of BEA.
Maybank upbeat on ETP benefits
Maybank is seeing opportunities in segments of its financial services despite the slowdown.
Singapore to grant Qualifying Full Bank privileges to 2 Chinese banks
Two Chinese banks will be granted Qualifying Full Bank privileges in Singapore wth one of them to be also authorized as a clearing bank for Renminbi...
HSBC to offload stakes in India's Axis Bank, Yes Bank
HSBC is on course to offload its entire 4.8% stake in Indian private banking major Axis Bank and its 4.8% stake in Yes Bank.
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1. MariBank rolls out S$1 equity fund at invite-only phase 2. Bank of Baroda links digital overdraft accounts to UPI-enabled apps 3. MAS rolls out AI risk toolkit for financial firms 4. Financial institutions chase AI edge despite thin budgets 5. Finance hiring gains momentum across key banking segments, report saysResource Center
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