Keep up-to-date with what's happening in banking and financial services across the Asia-Pacific. Banking News contains a wrap-up of the week's key news and events, and is delivered direct to your inbox. If you wish to be added to our distribution list, simply click on the subscribe button and complete a short subscription form.
(18 May 2010 – Asia) Australia and New Zealand Banking Group has announced the completion of its acquisition of The Royal Bank of Scotland’s retail and commercial businesses in Singapore, with six ANZ branches now open for business in Singapore.
(17 May 2010 – Asia) JP Morgan has been selected by PT Bank Mega Tbk, one of Indonesia’s leading financial institutions, to provide clearing services for both its commercial and treasury payment flows with JP Morgan’s U.S. Dollar Clearing, Asia Direct solution and payment-versus-payment (PvP) settlement services for foreign exchange transactions.
(6 May 2010 – Asia) UK based and Asian focussed, Standard Chartered has delivered a record first quarter profit and income result off the back of both wholesale and retail businesses despite pressure on its margins over the period.
(26 April 2010 – Asia) DBS Bank, Southeast Asia’s largest bank, has announced that they have established a dedicated project finance team for its corporate and sovereign customers, as a fast-developing Asia invests to build up its infrastructure.
(26 April 2010 – Asia) Deutsche Bank has announced two appointments within its Structured Trade and Export Finance (STEF) team in Asia, as the bank aims to strengthen client coverage within the region.
(22 April 2010 – Asia) Australia and New Zealand Banking Group is reportedly interested in Lone Star Fund’s 51 percent controlling stake in the Korea Exchange Bank, according to a source with knowledge on the deal.
(22 April 2010 – Asia) JP Morgan Treasury Services has announced the development of a solution to facilitate a new currency clearing service for its Indonesian bank clients using Hong Kong's cross-border payment-versus-payment (PvP) settlement system.
(20 April 2010 – Asia) Australia and New Zealand Banking Group Limited has announced the completion of the acquisition of The Royal Bank of Scotland’s Taiwan businesses, also announcing its new operating name of Au Sheng Yin Hang.
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