Taiwan

With Taiwan's banking industry having become overcrowded, Taiwan Cooperative Financial Holding Co aims to shut at least five branches next year.

Cosmos Bank will slash its capital and then raise fresh funds through private placements to replenish capital eroded by losses.

Taiwan's Financial Supervisory Commission, the banking industry regulator, reports that Taiwan’s banks are expanding into Southeast Asia on a massive scale.

Taiwan’s Fubon Financial is seeking a 51 percent stake in China-based First Sino Bank for RM2.09 billion within the year.

Citibank Taiwan can immediately extend its renminbi-based products and services once Taiwan and China work out currency clearing and settlement rules.

The TAIEX fell below the 7,700 point mark Wednesday as turnover shrank further amid lingering concerns over debt problems in the eurozone, dealers said.

With its jump from 57th place in 2011, could Taiwan be the next offshore RMB clearing centre?

New housing loans from five leading banks In Taiwan reached their lowest levels since February.

Taiwan will begin its comprehensive renminbi-related businesses November 1 through authorized renminbi clearance banks.

Taiwan and China have taken the next decisive step towards minimizing the influence of the US dollar over their trade transactions.

China and Taiwan has paved the way for the establishment of a cross-Strait currency clearing mechanism by signing a memorandum on currency clearing.

Liu will oversee the bank’s advisory, capital raising and risk management businesses. 

Taishin Financial Holding will diversify its product lines after securing a deal to buy the local unit of New York Life Insurance Co.

Cathay Financial is the largest employer among listed peers, according to a Taiwan Stock Exchange’s social responsibility review.

The solution was demonstrated in front of more than 300 business partners and representatives.

Bank of Taiwan is working to get the central bank's permission to become a clearing bank under the cross-strait currency clearing system.