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Daily Dispatches: BOC and DBS are hiring in Taiwan

Bank of China (BOC), the country’s largest foreign exchange lender, said it had already completed the preparatory work for establishing its Taiwan branch, according to a statement on the bank’s website. (Xinhua)

And DBS, Southeast Asia’s biggest bank, plans to add branches and staff in Taiwan as more opportunities arise from improving cross-strait ties with China. DBS plans to add three more branches from the current 40, and increase the number of employees to 1,400 by year-end, from 1,092, Chairman Koh Boon Hwee said at a press conference in Taipei on Tuesday. (Straits Times)

Bank of America-Merrill Lynch in Australia has produced its chequebook once more, and hired a team of 10 bankers and traders from rivals Royal Bank of Scotland. (The Australian)

Bank of China is emerging as one of the largest non-US banks investing in the troubled US commercial property sector, and its local bankers are scouring the market for new deals. (Financial Times)

Chinese regulators asked some of the nation’s banks to limit lending after they failed to meet requirements including those for capital, said Liu Mingkang, chairman of the China Banking Regulatory Commission. (Bloomberg)

Australia’s competition regulator will take two months to review planned takeover of two Axa Asia Pacific Holdings units, giving rival bidder AMP more time to weigh a counteroffer. (Bloomberg)

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