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...
Bank of East Asia Closes Securities Unit in HK
Bank of East Asia Ltd (BEA), Hong Kong’s largest listed family-run bank, is closing all branches of its securities unit as part of cost-cutting...
UnionBank Net Income Up 28%
Union Bank of the Philippines (PSE: UBP) reported that net income has increased by 28.1% to Php2.4 billion in the first four months of...
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,...
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...
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...
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...
