Trade Finance
Taishin Financial seeks further diversification
Taishin Financial Holding will diversify its product lines after securing a deal to buy the local unit of New York Life Insurance Co.
Taishin Financial seeks further diversification
Taishin Financial Holding will diversify its product lines after securing a deal to buy the local unit of New York Life Insurance Co.
ABN AMRO to provide escrow and settlement services in Asia
ABN AMRO will start providing its escrow and settlement services in Asia as it focuses its international growth on specialist businesses.
BTMU suspends one more trader over LIBOR scandal
Japan's biggest bank has suspended another London-based trader over the widening LIBOR interest-rate rigging scandal. Bank of Tokyo-Mitsubishi UFJ...
BDO to establish a $2B EMTN program
BDO will establish a US$2 billion Euro Medium Term Note program and to retire P10 Billion of Tier 2 debt by November 2012.
Asian banks ramp up investment in key trade corridors
As intra-Asia trade increases, banks are ultimately urged to take different strategies to deliver end-to-end trade services to its clients.
Indonesia's BCA to venture into life insurance
Bank Central Asia will still continue its planned venture in life insurance, according to its president director, Jahja Setiaatmadja.
Trade products’ capital weighting hit by Basel III regulations
Some guidelines now apply a 100% weighting of trade products which previously had only a 20% weighting.
Bank Negara Indonesia targets acquisition of Bahana
Bank Negara Indonesia plans to sell Rp 1.2 trillion or $126 million of recapitalized bonds to finance the acquisition of Bahana Securities.
Trade finance to be a significant revenue stream in Asia: DBS
Banks may also see opportunities in open account trade or supply chain finance despite economic instability.
Swarnamahal Financial to expand in Northern and Eastern Sri Lanka
Swarnamahal Financial Services hopes to establish five more new branches during the new financial year, mainly to improve accessibility to its...
Maybank targets $10M investment in silver account product
Maybank aims to attract US$10 million investment on its "Maybank Silver Investment Account" within the first year.
Temasek in search of energy investments
Data from Temasek showed that resources and energy accounted for 6% of its portfolio as of the end of March.
Insurance body slaps fine on IndusInd Bank
Indusind Bank has been slapped a Rs 15 lakh by ther Insurance Regulatory and Development Authority for violating corporate agency norms.
Prudential, Maritime Bank to provide bancassurance one-stop shop
Prudential Vietnam Assurance Company signed a partnership deal with Maritime Bank for providing bancassurance services in the bank’s network.
Indian Overseas Bank waiting to raise $500M through MTN
Indian Overseas Bank is waiting for the European crisis to stabilise to raise US$ 500 million through medium-term notes for funding its overseas...
Dena Bank raises $153.9M from bonds
Dena Bank has raised Rs 850 crore or US$153.9 million from bonds to fund business growth.
Vietnam stopping use of gold for savings, lending
Vietnam's credit organisations are being required by the State Bank of Vietnam to refuse depositing and lending of gold.
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Technology to underpin future of financial services
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Banks should boost their online infrastructure as digital assets become the norm.
Banks should boost their online infrastructure as digital assets become the norm.
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