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KABUL - The two ousted executives of Afghanistan's largest bank have blamed a hasty management purge for a run on the embattled institution this week. President Hamid Karzai ordered the dismissal of the managers at Kabul Bank this week after concerns about questionable loans that shareholders had... Afghanistan - Asia - Business - Hamid Karzai - Financial services..

Swedish investment bank Carnegie AB Friday said it will buy competitor HQ Bank AB, which had its banking license revoked by the financial watchdog last week...

Pennsylvania-based Allegiance Bank of North America said Friday it agreed to extend the Private Placement Offering engagement of Cohen & Company Securities, active since May, for another month, and it reported strong second-quarter earnings...

A run on Kabul Bank — the nation's largest — is triggering fears of an Afghan financial meltdown. Should the U.S. step in?..

PKO Bank Polski SA plans to make a revised cash bid today for a controlling stake in Bank Zachodni WBK SA , a smaller competitor being sold by Allied Irish Bank Plc , a person with knowledge of the matter said...

Bank of the Philippine Islands is considering its first acquisition since 2005 and has had “informal talks” with potential targets, President Aurelio Montinola said. “When there are opportunities, we can look at them and we can move fairly quickly,” Montinola, 59, who is set to retire next year, said in an interview Friday in Manila. “There are always informal checking but we are not in formal .....