9:33 pm March 3, 2015 | No Comment
International Finance Corporation, the World Bankâ€™s financing arm, and Sumitomo Mitsui Banking Corporation, a Japanese bank, plan to double their investment in Bank Tabungan Pensiunan Nasional, a listed mid-sized Indonesian lender, to support the latterâ€™s loans to small- and medium-sized enterprises.
8:12 pm March 2, 2015 | No Comment
More than one in 10 people picked for the top jobs in British finance pull out during a regulatory vetting process, which has got tougher since the financial crisis. People put forward for chief executive, chairman and for a handful of other senior roles in banking now face a more grueling interview by British financial watchdogs.
9:20 pm March 1, 2015 | No Comment
Some of Indonesiaâ€™s top lenders are heading for a management shake-up to replace existing leaders at a time when the sector is overshadowed by challenges, including falling profitability, slow economic growth and currency depreciation.
10:39 pm February 27, 2015 | No Comment
Bank Danamon Indonesia, the countryâ€™s sixth-largest lender by assets, welcomed its new president director on Friday, following the retirement of its former top executive, as the lender seeks to turn around its bottom line and lending growth.
6:19 pm February 27, 2015 | No Comment
Malaysiaâ€™s task in propping up Asiaâ€™s worst-performing currency just got a lot tougher. The cost of options protecting against further ringgit declines approached a one-and-a-half-year high on speculation 1Malaysia Development, the state investment fund, will need a bailout.
5:54 pm February 27, 2015 | No Comment
This year was tipped to be the one when US interest-rate increases would suck money from emerging markets. Itâ€™s not turning out that way in Asia. Unprecedented economic stimulus from Europe to Japan has prompted investors to pump a combined $14.4 billion into Indian, South Korean and Indonesian local-currency government debt this year, the most on record for the three markets, exchange data show.
5:04 pm February 27, 2015 | No Comment
Global regulators have issued dozens of rules aimed at making the biggest banks safer. Thatâ€™s leading to another result some wanted: making them shrink. HSBC Holdings, Europeâ€™s biggest bank by market value, said this week itâ€™s considering â€śextreme solutionsâ€ť for some of its units. Royal Bank of Scotland Group is reducing its US trading staff and getting out of two-thirds of the countries where it operates. JPMorgan Chase & Co. is closing branches, raising fees on some institutional deposits and looking for ways to shrink its trading businesses.
5:35 pm February 26, 2015 | No Comment
Janet Yellen sparred with Republican lawmakers in the most heated exchange in her yearlong tenure as Federal Reserve chair, highlighting the central bankâ€™s exposure to growing demands for greater oversight from Congress.
4:44 pm February 24, 2015 | No Comment
Federal Reserve Chair Janet Yellen is expected to face pointed questions this week from US lawmakers aimed at revealing details about the Fedâ€™s timing on interest rate hikes, as well as fresh scrutiny about transparency at the central bank.
2:27 pm February 24, 2015 | No Comment
Bank Mandiri, the largest bank in Indonesia, launched on Monday an Android app that can reload electronic money card using customersâ€™ debit card number, the first in the country, in a move to boost the use of the lenderâ€™s electronic-money payment system by 30 percent this year.
12:07 pm February 24, 2015 | No Comment
Garuda Indonesia, the country's flag carrier, secured $400 million in bridge financing from National Bank of Abu Dhabi and Dubai Islamic Bank, both from the United Arab Emirates.
11:08 am February 24, 2015 | No Comment
Indonesia is aiming to boost volumes of Islamic bonds (sukuk) by introducing new assets to support the transactions, a government official said on Tuesday.
4:58 pm February 23, 2015 | No Comment
The Financial Services Authority (OJK) would allow state-owned banks to have venture capital subsidiaries, as part of the authority efforts to help boosting the venture capital industry in the country.