The Hong Kong and Shanghai Banking Corporation Limited (HSBC) and China's Bank of Communications announced Wednesday that after negotiations, the two banks will set up a credit card joint venture. According to the announcement, the joint venture will be based in Shanghai and specialize in credit ...
Bank of Communications Co Ltd (BoComm)<601328><3328>, the fifth-largest bank in China, posted a net profit of RMB 7.94 billion (US$1.16 billion) in the first quarter of this year, slightly up 0.53% year on year, due to reduced interest margins, according to the quarterly financial report it released on Tuesday....
SHANGHAI, April 28 - Bank of Communications (BoCom), China's fifth-largest lender, said on Tuesday it aims to expand into insurance and securities businesses in mainland China as lending and profit growth slows amid a cooling...
TAIPEI, Nov 19 - China's Bank of Communications <3328.HK> wants to invest $100 million in Taiwan's Taishin Financial <2887.TW>, as China and Taiwan work on a deal to boost investment between their financial sectors, media...
WASHINGTON, Sept 17 - A banking trade group urged regulators to show some flexibility when considering capital requirements for community banks facing write-downs from holding the preferred stock of Fannie Mae and Freddie Mac, according...
* Sees slower profit growth in 2009, steady loan growth * Does not see huge jump in non-performing loans (NPLs) * Plans overseas expansion in U.S., Vietnam, Australia * Aims to set up Taiwan branch...
WASHINGTON, Oct 20 - Two major bank industry groups said on Tuesday they oppose a congressional proposal to consolidate federal banking supervision into one regulator. The American Bankers Association and the Independent Community Bankers of...
Commonwealth Bank of Australia (CBA), the second largest bank in Australia, has raised its stake in China Communications Services Corp Ltd<0552> to 10.31% from the previous 9.96%, according to the bourse operator Hong Kong Exchanges and Clearing (HKEx)<0388>.Information from HKEx showed that...
WASHINGTON, June 4 - The World Bank on Thursday approved $900 million in loans to improve education in Pakistan's Punjab and Sindh provinces and support a poverty-fighting fund for local community groups. The World Bank...
The China Banking Regulatory Commission (CBRC), the nation's banking watchdog, has given approval for Bank of Communications (BoComm)<601328><3328> and Bank of Beijing<601169> to invest in insurance companies, sources reported on Tuesday....