All articles by Verdict Staff
Verdict Staff
Indonesian regulator halts Malaysian bank expansion
Indonesia Financial Services Authority of Indonesia (Otoritas Jasa Keuangan or OJK) has directed that no more Malaysian bank will be allowed to operate in Indonesia as long as Indonesian banks were unable to set up branches in Malaysia, reports The Jakarta Post.
UK’s financial watchdog grants banking licence to Charter Savings Bank
UK’s financial regulator has granted a new banking licence to Charter Savings Bank, an online savings bank.
Cathay Life Insurance to buy 40% stake in Indonesias Bank Mayapada
Taiwan-based Cathay Life Insurance has agreed to buy a 40% stake in Indonesias Bank Mayapada Internasional for IDR3.52tn ($278m).
Bank of Tokyo-Mitsubishi integrates Bangkok branch with Bank of Ayudhya
The Bank of Tokyo-Mitsubishi UFJ (BTMU) has integrated its Bangkok branch with the Bank of Ayudhya, its Thai subsidiary.
RBS deputy CEO departs early
Royal Bank of Scotland’s (RBS) deputy CEO Chris Sullivan has left the bank earlier than expected.
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UK confirms launch of Lloyds retail share sale in next 12 months
The UK government has unveiled plans to launch a share sale in Lloyds Banking Group open to private retail investors in the next 12 months.
CBK trims Boubyan Bank stake to 12.7%
Commercial Bank of Kuwait (CBK) has reduced its stake in Boubyan Bank from 19.9% to nearly 12.7%, reports Reuters.
Tencent launches private online bank in China
Chinas internet giant Tencent has launched the countrys first private online-only bank.
Bank Muscat sells Oman brokerage business to Gulf Baader Capital Markets
Bank Muscat has sold its Oman-based brokerage business to Omans brokerage firm Gulf Baader Capital Markets.
HSBC appoints new non-executive director to its board
HSBC Holdings has named Phillip David Ameen as new independent non-executive director to its board, effective 1 January 2015.