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September 20, 2005

Daily Tid-bits

* Delta Asia denies money-laundering charges.
* ANZ guarantees part time work in innovative move to retain older employees.
* Bank of Tokyo-Mitsubishi and Shinwa Bank in SME lending tie-up.
* Sichuan shows its banking wares to 27 foreign banks looking for partners, including Deutsche, OCBC, BEA, BTM, Citi, HSBC. (where the hell is Sichuan again?)
* NAB, Westpac cut mortgage rates.
* BBL to open 14 new outlets by October. (see all Thai banks' branch networks)
* BEA receives approval for two new mainland offices: subbranches in X'ian and Dalian.
* HSBC wants to sell its own-brand insurance in China, not just that of affiliate Ping An. Perhaps not the best news for Ping An...
* Chinese banks CCB and ICBC will move to quarterly compounded interest on checking accounts from annual; analyst estimates change will cost CCB RMB15m/year.

Posted by The Banker at September 20, 2005 04:22 PM

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