South Korea Could See Third Internet-Only Bank
The South Korean government said it could approve a third internet bank following the success of K Bank and Kakao Bank. It was not officially announced what the third internet-only…
HSBC Not Shutting Down Malaysia Operations
HSBC is not closing its Malaysian operations, HSBC Bank Malaysia Bhd, a spokesperson said, denying rumors that it will close down like Lehman Brothers. The spokesperson said there is not…
BDO Unibank Seals Deal With Japan’s FIDEA
MANILA – Philippine listed bank BDO Unibank Inc (PSE:BDO) and Japanese financial institution FIDEA Holdings (FIDEA Group) further strengthened their business relationship through a memorandum of understanding (MoU) that will…
Shanghai Banks Offer Higher Deposit Rates To Lure Customers
SHANGHAI, CHINA – Smaller banks in the Chinese city of Shanghai are doing all its best to keep up with competition and further attract depositors. This time, the banks are…