Latest Banking News
SVB Financial Group appoints new president
SVB Financial Group, the parent company of Silicon Valley Bank, has promoted Greg Becker to the position of president of the group.
Published: 01-Sep-2010
Stonegate Bank to acquire Southwest Capital Bank
Stonegate Bank has signed a definitive merger agreement to acquire Southwest Capital Bank, a subsidiary of Florida-based Southwest Capital Bancshares, in an all stock transaction valued at approximately $9.4m.
Published: 31-Aug-2010
Bank of East Asia enters into strategic partnership with Affin Holdings
The Bank of East Asia (BEA) has signed a memorandum of mutual understanding (MOU) with Malaysian financial services conglomerate Affin Holdings (AHB) to formally establish a strategic partnership.
Published: 27-Aug-2010
Citi Singapore opens China desk
Citi Singapore has set up a new China Desk to encourage more Chinese companies looking to expand globally to do business in Singapore.
Published: 27-Aug-2010
Commonwealth Bank of Australia launches operations in India
Commonwealth Bank of Australia (CBA) has launched its operations in India by opening its first branch in Mumbai.
Published: 25-Aug-2010
Nara Bancorp closes problem loans bulk sale
Nara Bancorp, the holding company of Nara Bank, has closed bulk sale of its problem loans that were transferred to loans held-for-sale at 30 June 2010.
Published: 20-Aug-2010
Swedbank obtains local currency license in China
Swedbank has received a local currency license from China Banking Regulatory Commission to use the national currency Renminbi (RMB).
Published: 19-Aug-2010
DMCC signs MoC with Bank of Baroda
Dubai Multi Commodities Centre Authority (DMCC), a Free Zone authority dedicated to enhancing trade flows through Dubai, has signed a memorandum of cooperation (MoC) with India-based Bank of Baroda.
Published: 18-Aug-2010
NBK opens centralized corporate banking service center
National Bank of Kuwait (NBK) has set up a centralized corporate banking service center in Kuwait City for corporate banking group clients.
Published: 16-Aug-2010
Torrey Pines Bank opens office in Los Angeles
Torrey Pines Bank, a subsidiary of Western Alliance Bancorporation, has opened a full-service banking office in downtown Los Angeles.
Published: 12-Aug-2010
