Korea Exchange Bank

KDB Financial targets buy of Korea Exchange Bank: report
MarketWatch | 3 days 11 hours 6 minutes ago
The chairman of South Korea's KDB Financial Group Inc. said Friday the state financial holding company plans to buy local banks, including Korea Exchange Bank, local news reports said.

South Korean banks take break from dizzying rally - MarketWatch
MarketWatch | 14 days 9 hours 6 minutes ago
South Korean banks have far outstripped the broader market over the last eight months, with many of them at least doubling in value as global financial markets stabilized. But loan growth is likely to moderate next year, while an expected increase in interest rates may revive concerns about bad loans, analysts say.

UPDATE 1-KEB shares hit 17-mth peak on Hana Fin interest
Reuters | 6 hours 49 minutes ago
SEOUL, Nov 23 (Reuters) - Shares in Korea Exchange Bank (KEB) (004940.KS) jumped more than 5 percent to the highest in more than 17 months on Monday, after bigger rival Hana Financial Group (086790.KS) expressed interest in buying a stake in the country's No.6 lender.

M&A activity to pick up as financial market thaws
Asia News Network | 10 hours 2 minutes ago
The local financial and business sectors are bracing for a wave of mergers and acquisitions.

Asian Shares Mixed; Miners Buoyant As Gold Rallies
MarketWatch | 8 hours 53 minutes ago
Asian stock markets were mixed, but trading in tight ranges Monday, as investors looked for fresh direction. In Hong Kong, Taifook was higher after Haitong Securities announced it was buying a majority stake in the brokerage while miners in the region were buoyant on surging gold prices.

Bank CEOs Gear Up for KEB Takeover
Korea Times, The | 1 day 2 hours 44 minutes ago
With the global financial meltdown showing signs of abating around the world, CEOs of local financial groups are rolling up their sleeves again to find a potential target for merger & acquisitions (M&A) in order to get the upper hand in the post-crisis era

'Hana Open to Every M&A Possibility'
Korea Times, The | 1 day 49 minutes ago
Hana Financial Group Chairman Kim Seung-yu has indicated that the nation's fourth largest financial holding company will join an upcoming race to take over Korea Exchange Bank (KEB)

Asian Stocks Rise as Metal Prices Boost Mining Shares; James Hardie Climbs
Bloomberg | 6 hours 4 minutes ago
Newcrest Mining Ltd. added 3.2 percent in Sydney as gold prices rose to a record. Rio Tinto Group climbed 3.6 percent after metal prices in London had their biggest weekly advance in a month. James Hardie surged 6.4 percent after forecasting full- year earnings at the top range of analyst estimates. Korea Exchange Bank gained 1.4 percent in Seoul after Hana Financial Group Inc. said it would consider a bid.

KDB Will Consider Buying Korea Exchange Bank: CEO
CNBC | 3 days 10 hours 20 minutes ago
The state-owned Korea Development Bank (KDB) will "aggressively" consider buying Korea Exchange Bank a media report quoted KDB CEO as saying, in his first public expression of interest in the domestic rival.

The Korea Herald : The Nation's No.1 English Newspaper
Korea Herald (Seoul), The | 20 hours 40 minutes ago
The local financial and business sectors are bracing for a wave of mergers and acquisitions.

Miners Lead Asia Higher
Wall Street Journal, The | 2 hours 37 minutes ago
Most major Asian markets ended higher Monday as metals stocks were bolstered after gold prices rallied to hit a fresh record high.

South Korea Hana Fin sees 2009 net above market forecast
Reuters | 1 day 2 hours ago
SEOUL, Nov 22 (Reuters) - Hana Financial Group (086790.KS), South Korea's No. 4 banking group, expects its 2009 net profit at 300 billion-350 billion won ($259 million-$302 million) and will grow aggressively in China and Indonesia, its executives said.