Investment Banking
Lone Star close to recover $1.84bln KEB investment
KEB’s interim dividend payment could mean that planned sale of lender would be postponed.
Lone Star close to recover $1.84bln KEB investment
KEB’s interim dividend payment could mean that planned sale of lender would be postponed.
ANZ to replace ING brand with OnePath
Rebranding focuses on integrating lender’s Wealth group that pools lender’s insurance and fund management businesses.
Foreign lenders expand their China private banking operations
Renminbi new incremental loans amounted to $675.43bln in 1H 2010 prompted banks to recruit more staff.
StanChart and HSBC to launch higher-yielding RMB products
Regulators sealed agreement allowing HK financial institutions to offer higher returns on yuan savings accounts.
Nomura opens branch in Labuan
Labuan Financial Services Authority gives lender license that enhances the suite of financial solutions in Malaysia.
Central Huijin to issue bonds to raise $17.7bln
To spend 80% of proceeds of bond market entry to invest in Chinese banks' financing initiatives.
Philippine National Bank upbeat on trust banking unit
28% increase in total assets attributed to “more focused” marketing efforts and improved product offerings.
Chinatrust plans to acquire Nan Shan from AIG
AIG still silent on lender's offer previously tagged at $2.15bln by rival bid.
Maybank wants bigger slice of equities market
Banks on Islamic stockbroking service HOT Broking to expand its curreent 6.5% share in the market.
Chinatrust quits Nan Shan unit acquisition
The $660mln takeover failed to materialise as lender let the acquisition agreement to expire.
Archer Daniels Midland to invest in AgBank IPO
The US food giant will invest $200mln alongside Qatar and Kuwait sovereign investment funds and Standard Chartered.
China's BoCom earns $2.5bln in rights issue
Lender still needs $2.34bln to achieve $4.84bln target for combined Shanghai and Hong Kong rights issue.
MBK Partners emerges as sole bidder for KEB
Fund is the only bidder that submitted proposal of $4bln as rivals offered less than $3.3bln.
Metrobank bags Reuters prestigious honor
The Philippines' Metropolitan Bank & Trust Company (Metrobank) was awarded Best Bond Fund Group in the Lipper Fund Awards of Thomson Reuters.
ANZ establishes underwriting unit in the Philippines
ANZ authorised by SEC to engage underwriting of government and corporate securities in the country.
Nomura and MBK Partners discuss KEB bid
Parties in early talks for joint bid for KEB even as ANZ showed interest.
BNY Mellon appoints Dominick Falco President Japanese unit
Falco’s 20-year experience in securities expected to capture opportunity in Japan through Japanese Trust Bank.