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Singapore's central bank to establish rep office in Beijing
Singapore's central bank to establish rep office in Beijing
The Monetary Authority of Singapore has signed an agreement with the People's Bank of China to establish a representative office in Beijing.
Bank Indonesia identifies 3 bank ownership standards
Investors wanting to own 40 to 90 percent of Indonesian banks should be healthy, should be listed and agrees to buy debt certificates that can be...
Indonesia signs financial Pact With Australia, South Korea
Indonesia, Australia and South Korea will now cooperate in exchanging informartion on banking supervision.
Habubank-SHB merger gets approved
The merger between Habubank and SHB has been approved Governor of the State Bank of Vietnam, Nguyen Van Binh.
Indonesia’s Bank Jabar to acquire 51 small banks
Bank Jabar plans to buy a majority stake in 51 rural banks this year to tap the potential of small and micro businesses.
Cathay United Bank to acquire Cambodian bank
Cathay United Bank will purchase 70 percent of the Cambodia-based Singapore Banking Corp. Ltd.
Agribank not to be equitized soon, says governor
There are no plans to equitize Agribank in the next five years, accordingto the Governor of the The State Bank of Vietnam.
S. Korea’s Woori to buy 33% stake in Indonesia’s Bank Saudara
Woori Bank plans to buy a 33 percent stake in a small Indonesian bank.
Moody's rates Korean banking system as 'Stable'
Credit rating agency Moody's will keep a "stable" rating outlook for the Korean banking system for the next 12 to 18 months, according to a press...
Mergers increasing in Nepal
The Nepal Rastra Bank has approved the merger of two pairs of financial institutions to push the number merger approvals to 26.
Indonesia eyes more measures to ease rupiah volatility
Indonesia is planning to introduce more monetary measures to ease volatility.
Vietnam needs to merge weak banks: Experts
Vietnam has too many domestic banks, many of which are overloaded with toxic debt. The banking system is also poorly governed.
China sets new capital rules for commercial banks
China placed its banks under the regulatory supervision within the Basel III framework starting Jan.1, 2013.
China's banking assets up by 19%
Assets of China's banking sector grew by 19.1 percent in 2011 to 105.8 trillion yuan or 16.8 trillion U.S. dollars.
Embezzler in 1997 Asian financial crisis sentenced to imprisonment
Rakesh Saxena, one of those accountable for the 1997 Asian Financial Crisis, has been sentenced to 10 years in prison for embezzlement.
Talks of BEA divesting its shares push Affin to highest since August
Shares of Affin Holdings Bhd surged to RM3.38, on speculation that Bank of East Asia could be divesting its 23.5% stake in Affin.
Bank health to determine ownership in Indonesian banks
Bank Indonesia's new rules setting caps on a single lender's ownership percentage of banks is dependent the acquiring bank's financial health.
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