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China's ICBC takes controlling interest in US bank
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.
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.
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