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Thursday's headlines, Financials edition

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Thursday's headlines, Financials edition

External links to theheadlines below are available on SNL.com and SNL Mobile, although some mayrequire a subscription.

INGGroup NV to sell stake in Kotak Mahindra Bank via block dealThe Economic Times
ADBsees Asian growth but warns of downside risks aheadThe Nikkei
USseeks Philippines banker's help to crack BB heistThe Financial Express
JCBto issue credit cards with Indonesian bankThe Nikkei
CreditSuisse names Tsuneaki Hirao head of Japan private banking – Reuters

GREATER CHINA

Mid-sizedChinese bank writes off almost $1 billion of assets – Bloomberg News
Chinabank bond leveraged bets lure investors with 15% yield – Bloomberg News
PSBCfails to make a splash in HKShanghaiDaily
Taiwan'scompetitiveness rises: reportTaipeiTimes
MegaBank hires experts to setup compliance toolsTaipei Times

JAPAN AND KOREA

BOJ'srate-heavy policy already looks hollow to someThe Nikkei
TheBank of Japan tries to bend the yield curveThe Nikkei
Publicly placedstock funds suffer massive outflows – Yonhap News Agency
Park stressesrole of female financiers in strengthening financial sector, boosting growth– Yonhap News Agency

ASEAN

Newentity to manage most of IBank's non-performing financingThe Nation
Majorslump due soon, hang on to cash, investors warnedThe Nation
TMBupbeat on loan demandThe Nation
Govtupbeat tax revenue will meet target despite amnesty exhausting office'sresourcesJakarta Globe
Malaysianfunds shifting into alternative investmentsThe Nikkei Z
S'poreeconomy in for a rough ride: TharmanToday

SOUTH ASIA

PSUshares buyback: Govt may get ?17,000cr by OctThe Hindu Business Line
GDPto bank credit growth link weakening due to alternatives: SS Mundra of RBI– Press Trust of India
MoneyTaplaunches credit line appThe HinduBusiness Line
Bankof India cuts base rate to 9.65% – Press Trust of India
TataRealty leads the race for IDFC road assetThe Economic Times
Governmentlaunches $500 million in Islamic bonds – Agence France-Presse

AUSTRALIA AND NEWZEALAND

NABpays out $6.5m to victims of poor adviceThe Australian
SMSFs,our shadow banks, funding property market: Credit SuisseThe Australian
ASXworking on 'industrial strength' blockchain platformThe Australian Financial Review
Nextin line is portable bank accountsTheAustralian Financial Review
Asuper sting with a 'let out' clauseTheAustralian
CBLto raise up to $63 mln to accelerate expansion plans – Scoop Media

The Daily Dose Asia-Pacific"Headlines" edition aggregates banking, financial services and insuranceheadlines from the websites of a limited number of major Asian and Australianpublication titles and newswires, with an editorial deadline of 6 a.m. HongKong time. Language translations to English are provided by an automatedservice and may not be entirely accurate.