credit cards

Citi wins approval to launch credit cards in China under its own bank brand.

SK Telecom will buy 49% of Hana Financial Group's credit card subsidiary, Hana Card, for $343 million.

Citi veteran and respected Asia-Pacific CEO Ajay Banga departs to take on the top job and a guaranteed package at MasterCard, adding further to the woes of the struggling US bank.

Samsung Card prices its $619 million offering 6.7% above the top of the range following strong demand and a shift in sentiment towards the Korean market.

The $400 million three-year FRN prices tight of guidance at 43bp over three-month Libor.

The retail-focused bank sets H share price range to allow IPO discount versus peers and aims to raise up to $2.66 billion.