The United States remained the largest debtor nation of Taiwan's banking sector for the 40th consecutive quarter at the end of June after exposure to the U.S. market rose by more than 8 percent from a quarter earlier, according to Focus Taiwan.
Taipei Fubon Commercial Bank, the banking arm of Fubon Financial Holding Co., has received approval from Taiwan's Financial Supervisory Commission (FSC) to set up a branch in Gujarat International Finance Tec-City (GIFT City), India's emerging financial and technology hub, Focus Taiwan re