capital one to buy ings us online banking unit

Capital One to buy ING's US online banking unit

Capital One will buy the US online banking unit of ING for $9 billion, making the Virginia-based lender the fifth-largest bank in the United States in terms of deposits, the two banks said Thursday.
tap on the opportunity

Tap on the opportunity

The rising risks in Vietnam’s banking system amid economic instability is offering opportunities to global credit information groups like Eperian in the country, says Dennis Martin, managing director of Experian in Southeast Asia.
banks buy up bonds as dong supply rises

Banks buy up bonds as dong supply rises

Banks are queuing up for bonds as credit expansion slows amid improved cash availability.
margin calls loom as june 30 draws near

Margin calls loom as June 30 draws near

Equities investors are concerned over a new wave of margin calls this month as the deadline for non-production loan limits approaches.
ecb flags rate hike warns against default mistake on greece

ECB flags rate hike, warns against default mistake on Greece

The European Central Bank signaled Thursday an interest rate hike in July to fight soaring inflation and warned that any policy step that risked a Greek debt default would be "an enormous mistake."
small banks have big hill to climb

Small banks have big hill to climb

Local banks face mounting challenges to meet 2011’s profit targets on the back of economic vulnerabilities.
banks atm policy change to hit consumers

Banks’ ATM policy change to hit consumers

Banks are weighing up hiking ATM cash withdrawal fees for other banks’ cardholders.
state firms told to sell dollars

State firms told to sell dollars

State-owned groups, corporations and enterprises that are over 50 per cent state-owned will have to sell foreign reserves (US dollar) to commercial banks from next month, pursuant to a circular released on June 1 by the State Bank of Vietnam .
banks rely on foreign partners to raise capital

Banks rely on foreign partners to raise capital

One of the ways in which banks are planning to increase their charter capital this year is to have their strategic partners acquire a greater stake – from the current 10 to 20 per cent.
banks may miss restrictive credit targets

Banks may miss restrictive credit targets

Many commercial banks say that all their efforts to reduce lending to non-manufacturing sectors are unlikely to meet the schedule set by the central bank.
banks jump on bonds as liquidity improves

Banks jump on bonds as liquidity improves

High lending rates might be discouraging enterprises from borrowing, but improved liquidity has seen banks jumping on board the government bond band wagon.
big interest in stabilising financial market

Big interest in stabilising financial market

Industry insiders have suggested measures to help bring order to the domestic financial market.
state companies to declare assets loans

State companies to declare assets, loans

State-owned groups and companies will have to declare their debts and assets, including gold, deposits, cheques, credit certificates at funds and banks from July this year if a new draft circular by the Ministry of Finance is approved.
banks start to look offshore

Banks start to look offshore

Scores of local banks are considering hiking foreign partner stake to raise charter capital.
lao central bank governor welcomed in hanoi

Lao Central Bank Governor welcomed in Hanoi

Vietnamese and Lao banks should strengthen experience exchange and investment cooperation, making practical contributions to bilateral ties as well as the development of each country.