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In a move that signals a further push by JPMorgan Private Bank, it hires Christian Stewart.

The race to acquire size following the island''s recent entry to WTO, was given a boost last week by the passing of the new Company Merger & Acquisition Law in the Legislative Yuan. Still, any change could be slow.

We retract the claim made in yesterday''s story.

Foreign investors will soon be allowed to set up asset management companies to deal with Taiwan''s bad debt problems.

Bank Central Asia has backing from foreign investors, but growing political and economic risks in Indonesia could derail the financing process for other capital-hungry Indonesian banks.