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Korea needs globally competitive bank to weather crisis
Kamco CEO said country needs a megabank capable of attracting stable funding in global financial markets.
Korea needs globally competitive bank to weather crisis
Kamco CEO said country needs a megabank capable of attracting stable funding in global financial markets.
Extension of Axa Asia deal with NAB possible
Parties discuss move to sell assets to appease the Australian Competition & Consumer Commission.
Australian banks brace for class action
IMF Australia to represent 500,000 Australians in accusing lenders of illegally charging US$4.5bln for minor violations.
China's top banks secure approval to raise $42bln
Country’s cabinet gives nod to 4 biggest listed lenders to use securities market in replenishing capital.
Moody's says M&A of Korean banks pose risks
Country's stable credit put on risks as KEB is being sold and Woori privatised.
National Australia Bank profit down 21% to $2bln
But lender positive that business lending spurt can help drive profit up in next 6 months.
KB Financial begins choosing next CEO
Three outside personnel search bodies to shortlist bets for interview May 20 and selection by mid-June.
Westpac profit up 30% to US$2.5bln
Lender posted above-expected net profit but cautious on Europe credit crisis’ effect on Australian market.
ANZ Bank dismisses AXA offer
AXA CEO lost interest in bid despite encouraging suggestions from US and Australian investors.
Bank of the Philippine Islands seeks slower provisioning
Lender upbeat on ‘solid’ 10-15% growth in 2010 after incurring flat total revenue in 1Q.
KB Financial, Woori post above-expected 1Q profit
KB surpassed Woori as the largest Korean financial holding company by assets during the quarter.
ICBC requests lenders to propose for share issue
Lending splurge prompted the ICBC to ask investment banks' proposals to raise $12 billion.
Completion of Woori privatization may extend next year
The market monitors progress of move as it may start bank reforms in South Korea.
OSK Research upgrades forecast on Maybank's earnings growth
Lender's conservative attitude towards provisioning key factor for OSK's 2.6% earnings growth forecast in 2010.
National Australia Bank eyes RBS deal
NAB seeks inclusion in $3.3bln RBS acquisition as it attempts to win its AXA bid.
China Construction Bank likely to hold rights issue
Lender might follow its local peers in attempting to reduce capital ratios.
Bank Mandiri Q1 2010 profit up 43%
Lender posted $222.3mln net profit due to lending surge and strong growth in fee income.
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Standard Chartered Hong Kong wins big at ABF Retail Banking Awards 2024
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Most Read
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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