Techcombank, the Vietnamese lender backed by Warburg Pincus, is setting a fresh record with its initial public offering.The bank and some existing investors are set to raise about 21 trillion dong ($922 million) in the deal, which would become the country’s biggest-ever initial equity offering, people with knowledge of the matter said Monday.
For international banks, Asia is becoming an increasingly uncomfortable place.Already facing pressure from regulators in their home countries to conserve capital and stay away from risk, they're now having to cope with a newly sophisticated breed of Asian lender.Due to a boom in domestic and cross-border loans, bank advances in the region outside of Japan reached $26 trillion in June, up from $7.8 trillion a decade ago.
Previously seen as a disruptor to traditional banking methods, blockchain technology is now being adopted by banks in Thailand. In an unprecedented move last week, 14 banks came together and jointly launched the Thailand Blockchain Community Initiative.Apart from the 14 commercial banks, the Thailand Blockchain Community Initiative will also involve seven corporations and state enterprises.
Technology has infiltrated most areas of our lives, so much so that we now take it with us everywhere.
China took another step to clamp down on leverage in the financial system, ordering banks to ensure they aren’t exposed to risks from their entrusted loan business.Banks can only act as intermediaries when arranging entrusted loans, and must not provide guarantees or get involved in decision-making, according to new rules posted in a statement on the China Banking Regulatory Commission’s website over the weekend.The entrusted loan business, which normally involves companies providing finance
