In Focus

Steering committee unveils timeline to cease SOR-linked issuance
27 Oct 20
All lenders, borrowers are to cease issuance of SOR-linked products by end April 2021.
Japanese invade Aussie banking industry
26 Jan 12
Three of Japan’s largest banks have begun a campaign to conquer at least 10% of Australia’s lucrative banking industry.
Philippines faces volatile banking crisis
24 Jan 12
The Philippines’ financial system isn’t as immune to the worsening Eurozone debt crisis as it thinks it is.
India’s Corporation Bank pushes risky overseas expansion
24 Jan 12
Government-controlled Corporation Bank plans to establish 400 overseas branches in just two years.
Malaysia's CIMB to break into Philippine banking by March
17 Jan 12
CIMB Group Holdings Bhd will finally achieve its bridgehead in the Philippine banking industry within the next two months.
Vietnam’s central bank denies banking catastrophe
15 Jan 12
The State Bank of Vietnam, the central bank, resolutely denies the country’s banking system has fallen into a severe debt crisis...
RHB Capital, OSK seek merger approval
11 Jan 12
RHB Capital Bhd and OSK Holdings Bhd have submitted an application to merge.
Bank of China looks to Europe for more profits
10 Jan 12
Europe continues to be the happy hunting ground for leading Asian banks seeking growth through mergers and acquisitions.
Japanese banks take IMF stress tests to counter future failure
9 Jan 12
Japan’s burgeoning debt, now equal to about twice the country's annual economic output, focuses sharp attention of the vulnerabilities...
Mainland Chinese banks gear up to invest in Taiwan banks
5 Jan 12
But the question is, who will be the first to do so?
Major South Korean banks flood Asia
4 Jan 12
Expand or die. South Korea’s four leading commercial banks have begun an aggressive expansion into Asia’s emerging markets...
Japanese banks on M&A binge in Europe
4 Jan 12
The strong yen is making Europe a profitable hunting ground for leading Japanese banks bent on mergers & acquisitions.
Sumitomo Mitsui Financial Group to buy European lenders' assets
2 Jan 12
Japan's second biggest bank received $90b in offers from European banks.
What you need to know about Indonesian banks
23 Dec 11
Fitch expects lower but still healthy loan growth in 2012 - but how healthy is it?
Malaysia to permit more foreign bank ownerships
22 Dec 11
The country seeks to triple its financial sector by the end of this decade.
HSBC to sell its Japanese private banking business
21 Dec 11
But to which company will HSBC be selling it to?
What you need to know about Singapore banks
20 Dec 11
So loan growths are expected to moderate significantly in 2H12, but which bank remains a relative outperformer in uncertain times?
Four Aussie banks to get sued for exorbitant fees
18 Dec 11
Four Australian banks will face a class suit for charging exorbitant fees.
Will UBS and Citigroup be punished in Japan?
12 Dec 11
Their employees allegedly asked bankers to change rates they submit for setting Tibor to gain an advantage.
KEB union warns walkout if merger takes place
7 Dec 11
Many KEB workers hit Hana chairman for trying to pacify angry sentiment over the FSC’s alleged endorsement of the Hana-Lone Star deal....
Singapore banks slash job perks for expats
30 Nov 11
Blame it on supply and demand as more senior bankers now want to have Asia experience on their CV.
Nomura Holdings slashes EU assets by 83%
29 Nov 11
The debt crisis caused Japan’s largest brokerage to reduce its assets in Italy.
RHB Capital may issue stocks to pay for OSK Holdings
22 Nov 11
RHB may issue new shares equivalent to as much as 10 percent of its existing equity to pay for the unit, according to Bloomberg.
Asian banking capitalization better than before: Malaysian central bank governor
21 Nov 11
Asia's financial institutions can cope with possible global financial meltdown caused by Europe's debt crisis due to its good...
Singapore banks warned on threats from foreign currency loans
21 Nov 11
The central bank warns of a sudden spike in global risk aversion that can hurt the Singapore banking system.
Chinese banking regulators warn lenders on risks from unprofitable gov't projects
18 Nov 11
And worse, loans to property developers are doomed to sour as sales slow.
Temasek and Khazanah hire banks for S$5b property development loans
17 Nov 11
Eight lenders will contribute to the five-year bullet facility, according to Bloomberg.
Temasek may buy BofA's shares in China Construction Bank Corp
16 Nov 11
But Temasek’s spokesperson neither confirms nor denies the ‘market speculation'.
Mitsubishi UFJ raises full-year profit target by 50%
15 Nov 11
The Japanese bank's gain from conversion of shares in Morgan Stanley drove the profit target increase.
Japanese banks to buy assets in the euro zone
14 Nov 11
With more than $6 billion in spare cash, why not?
ANZ targets ‘pretty aggressive’ growth in China: Chairman
10 Nov 11
Encouraged by a revenue jump of 80 percent in its last fiscal year, ANZ is targeting “pretty aggressive” growth in China.
You won’t believe how depressing employment in Asian banks can get
10 Nov 11
It's pretty grim for bank employees looking for a job.
What you need to know about loans in Singapore banks
9 Nov 11
UOB remains an analyst’s best pick being the least aggressive lender over the past 36 months.
Korea Exchange Bank’s profit suffer from pending buyout
8 Nov 11
The Bank posted a significant 63% drop in its 3Q11 profit after Lone Star Funds announced it would sell its stake to Hana Financial Group.
Asian banks hit by another round of massive job cuts
4 Nov 11
Credit Suisse and Nomura Holdings recently announced cost cutting, all the more proving Asia’s falling job market.
Japanese banks shift money into US to escape Euro crisis
3 Nov 11
The sovereign debt crisis in the Euro zone sure got Japanese banks worried.
Nomura Holdings to cut jobs in Japan
2 Nov 11
Nomura has plans to triple cost cuts to $1.2 billion after incurring its first quarterly loss.
Brisk loan growths in Singapore to ease in 2012 on fears of global uncertainties
1 Nov 11
Systemic loans in September surged 3.1% - guess which sector pulled the loans up?
China’s big banks to report record profits as bad-debt ratios shrank
28 Oct 11
Industrial & Commercial Bank of China’s net income surged 28% to 54.4 billion yuan.
Busted! Goldman Sachs ex-director Gupta screwed for fraud
27 Oct 11
And it’s not one, not two, but five counts of securities fraud plus one count of conspiracy - now isn’t that something?

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