TOP NEWS

Japanese bank lending plunges to all-time low since 2005

Japanese bank lending slumped to its lowest since 2005, with some firms deferring capital investments while others turned to bond markets in a bid to raise funds. Read ››

India cancels plan for bank mergers and acquisitions

Central bank's aversion for consolidation of lenders spurs government to shelve moves to discuss M&As. Read ››

Indian banks complain of high valuations in Indonesia

Overvalued stake offers shun SBI and Union Bank of India from buying Indonesian banks. Read ››

Thanachart is top bidder for Siam City stake

A person familiar with the deal said Thanachart offered $984.3 million for the SCIB's 47.6 percent stake. Read ››

Bank of Communications to receive capital from government

A source said the threat of seizing control over lender prompted China’s Ministry of Finance move. Read ››

 
MORE NEWS

StanChart to hire 500 in HK for wealth management

Standard Chartered said it is planning to hire 500 more employees this year for its wealth management business in Hong Kong in time for Asia's wealth surge. Read ››

Siam Commercial retains strict requirement on personal loans

Minimum monthly income of $452 is still required by lender for personal loans and credit cards. Read ››

State Bank of India upgrades centralised banking system

Lender invested additional $192,475 to step up customer service in its 13,000 branches through technology. Read ››

BoCom shares dip after news on rights offer

Following a newspaper article saying the lender may raise more than 20 billion yuan, or $2.9 billion, in a rights offer, Bank of Communications Co. Read ››

SC First assigned as primary dealer of T-bills

Korea’s Finance Ministry is confident the lender can largely contribute to enhanced circulation of treasury bills. Read ››

 
PROFILE
PEOPLE

UCPB: Moving forward amid legal debacles

Perhaps a drive through Manila’s main thoroughfares would make one realize that Philippine banks have changed – quite literally, that is – what with the newly refurbished branches and fresh renditions of names and logos aimed at luring more customers.Read››

KB Financial Chief Director Cho Dam quits

South Korea's new policy limiting outside directors to a maximum five year term prompts Cho's resignation.Read››

 
OPINION
ANALYSIS

Liew Nam Soon: Challenges provide opportunities to innovate.

The recession may be key to much needed change - Ernst & Young explains why.Read››

The analyst’s call

Based on comparison, ICBC achieved robust loan expansion and preserved its most conservative leverage at the best capital strength by Sep 09.Read››

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