Investment Banking

Nomura Singapore takes stake in Karnataka Bank

Pays US$2.1 billion for 1.17 million shares.

India could allow foreign banks to buy local banks

Part of liberalized rules on entry of foreign banks.

India asks for assured financing for development projects

Asks that special windows for ensuring finance be created.

China allows foreign investors to use RMB in financial sectors

Part of effort to broaden RMB use in cross-border investments.

ABN AMRO opens first SIP desk in Asia in Singapore

SIP transactions will be facilitated via Icestar.

Philippines’ RCBC partners with Japan’s Resona Group

Will focus on Japanese small and medium enterprises.

Metrobank forges strategic alliance with Tokai Tokyo Financial Holdings

Alliance will broaden their product offerings and services.

HSBC Global Asset Management gets RQFII quota

Will invest it in the fixed income securities on the mainland.

Jiro Seguchi named sole head of Bank of America Merrill Lynch investment banking

Seguchi, currently co-head of Asia Pacific Global Corporate & Investment Banking (GCIB), the company’s investment banking business in Asia Pacific...