Bank of Korea Surprises Economists, Cuts Key Rates

Bank of Korea (BOK), South Korea's central bank, surprisingly cuts its key interest rate to 1.75 percent, an all-time low as the nation scrambles...
BDO

BDO Acquires Full Control of Generali Pilipinas

BDO Unibank Inc. (BDO), a full-service universal bank based in the Philippines, recently secured final regulatory approval that allowed it to acquire full interest...

China Central Bank Cuts Bank Reserves

In order to enhance liquidity, the People’s Bank of China, the country's central bank, imposed its initial interest-rate cut this year. This, after the...
Mapletree

South Korea Losses 268 Bank Branches in 2014

A total of 268 bank branches in S Korea were closed in 2014, bringing the number of bank branches in the country falling to...

ICBC Launches Yuan-Clearing Bank in Canada

The official Chinese currency, the yuan, now has a clearing bank in Canada. ICBC Canada was launched on 23 March in the north-American country,...