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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.
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.
RHB to further boost overseas presence after OSK deal
RHB Capital will make further overseas acquisitions after acquiring OSK Investment Bank.
New Sacombank managers pursue merger partners
Outsiders who successfully took control of Sacombank are pursuing mergers with other banks.
Audit uncovers rule violations by ICBC, Citic
ICBC and the Citic Group were found to have violated several financial regulations in a routine audit by the National Audit Office.
Russian banks to forge closer ties with Chinese partners
Russian banks expect to sign agreements with Chinese partners on financing several projects in Russia during President Vladimir Putin's visit to...
Bill allowing 60% ownership of Philippine rural banks gets BSP support
The Philippine central bank is supporting the Senate and Lower House bills allowing 60% foreign ownership of rural banks.
Union Bank of Colombo announces 15% dividend
Union Bank of Colombo announced an interim dividend of 15 cents per share, further strengthening its premise in delivering stakeholder value.
Moody's rates Korean banking system as 'Stable'
Moody's will keep a "stable" rating outlook for the Korean banking system for the next 12 to 18 months, according to a press release on Wednesday.
Laos-Vietnam Bank to double chartered capital
Laos-Vietnam Bank will double its chartered capital to 70 million USD in June 2012 from the current 37.5 million USD from June 2012.
Malaysian banks wary of Indonesia's new share limit
Malaysia’s CIMB and Maybank would be the most affected by Indonesia's new regulation limiting the maximum bank ownership of a single shareholder to...
Maybank hopes Indonesia's banking regulation will not hamper it
Maybank is hoping that a proposed limitation of shareholding in Indonesian banks will not apply to the banking group.
RHB Capital agrees to acquire OSK for $625.9M
RHB Capital Bhd has signed a deal to acquire OSK Investment Bank Bhd for RM1.977 billion or US$625.9 million in cash and stocks.
RHB Capital pre-tax profit down to $184.3M
RHB Capital saw its pre-tax profit for the first quarter ended March 31, 2012 fell to RM580.72 million or US$184.3 million from RM610.60 million.
Banco De Oro acquires rural bank
BDO Unibank has acquired Rural Bank of San Juan Inc. and will assume its liabilities and recorded assets.
Sacombank’s power transferred to new board
Almost all the power in Sacombank has been transferred to new shareholders group, ending a year-long acquisition.
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1. Labour force upskilling needed as SG nears 'super-aged' status 2. MAS, IBF working on gen AI job impact map 3. Australia’s P&N Bank scraps proposed merger with Beyond Bank 4. Australia’s P&N, Beyond Bank likely to seek other merger opportunities 5. Singapore’s financial sector employment rose 4,800 in 2023Resource Center
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Standard Chartered Hong Kong wins big at ABF Retail Banking Awards 2024
![Standard Chartered Hong Kong wins big at ABF Retail Banking Awards 2024]()
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The bank’s efforts and achievements have become a testament to its commitment to its colleagues and the communities it serves in.
The bank’s efforts and achievements have become a testament to its commitment to its colleagues and the communities it serves in.
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1. Labour force upskilling needed as SG nears 'super-aged' status 2. MAS, IBF working on gen AI job impact map 3. Australia’s P&N Bank scraps proposed merger with Beyond Bank 4. Australia’s P&N, Beyond Bank likely to seek other merger opportunities 5. Singapore’s financial sector employment rose 4,800 in 2023Events
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