China Everbright Bank to issue IPO
China Everbright Bank is planning to offer 6.1 billion A-shares in a long-delayed initial public offering (IPO). The IPO is estimated to raise about $2.9 billion ahead of its listing in Shanghai. This is the second largest IPO in China after ABC’s 19.2 billion IPO early this month.
June 29, 2010Agricultural Bank of China’s exposure to rural economies a potential drag rather than a driver
China’s urbanisation trends could run against the bank’s ambition to generate significant revenue from China’s less developed rural areas
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Rural residents have lower disposable incomes compared to their urban counterparts and the rural-urban income gap is widening making China’s urban areas a [...]
Virgin Money fails in its bid for RBS branches
Virgin Money’s bid to acquire 300 RBS branches in Britain worth an estimated $1.5b has been unsuccessful
May 10, 2010Advent commences operations in Singapore
US investment management technology provider Advent Software has commenced operations in Singapore which will be headed by Zack Sung, current director of product management and solutions for Advent’s Tamale research management solution
May 05, 2010Fortress Investment may be rebuilding operations in Asia
US hedge fund Fortress Investment may be in the midst of a comeback in Asia and is in the process of setting up an office in Singapore
May 05, 2010Agricultural Bank may sell 18% of stock in $30b IPO
Agricultural Bank of China may sell between 12-18% of its stock in an initial public offering (IPO) in Hong Kong and Shanghai.
May 03, 2010Shinsei Bank to sell overseas investments worth $1.1b
Shinsei Bank, in collaboration with investor J. Christopher Flowers, will be selling $1.1 billion dollars
May 03, 2010Goldman Sachs to name Sonjoy Chatterjee as India co-CEO
Goldman Sachs has reportedly chosen Sonjoy Chatterjee as co-CEO at Goldman Sachs India
May 03, 2010Agricultural Bank of China planning for $30b IPO
Agricultural Bank of China is planning for a $30 billion dollar initial public offer (IPO).
May 03, 2010Shanghai to consider listing foreign companies
Shanghai may consider listing foreign companies as many companies have requested permission to do so.
April 26, 2010Prudential obtains Hong Kong listing; may consider Singapore next
Prudential is planning a secondary listing on the Singapore Stock Exchange after obtaining permission to be listed on the Hong Kong exchange
April 26, 2010Samsung Life completes largest Korean IPO at $4.4 billion
Samsung Life has completed its IPO worth $4.4 billion, the largest in Korea
April 26, 2010CCB to raise $11b in rights offer
China Construction Bank is planning to raise about $11 billion in a rights offer that is expected to be Asia’s biggest
April 26, 2010ICBC and CCB announce largest Q1 profits
Industrial and Commercial Bank of China (ICBC) and China Construction Bank (CCB) have announces the largest first quarter profits for the year
April 23, 2010MAS to review regulations for investment management industry
The Monetary Authority of Singapore (MAS) is in the midst of reviewing regulations for Singapore’s investment management industry
April 23, 2010Deutsche Bank’s Zhang to join ICBC
Lee Zhang, Chairman of Deutsche Bank, China and Head of Global Banking
April 22, 2010Banco de Oro Unibank has raised $270 million
Banco de Oro Unibank has raised $270 million via private placement of new shares to boost its capital base
April 22, 2010CBA to purchase a stake in VIB
Commonwealth Bank of Australia (CBA) has purchased a 15% stake in Vietnamese International Bank (VIB)
April 16, 2010Pimco targets globally focused stock funds
Pacific Investment Management (Pimco) has commenced the sale of its first active stock mutual fund
April 16, 2010Agricultural Bank of China hires 10 banks for $29b IPO
Agricultural Bank of China has chosen 10 banks for its $29 billion IPO.
April 16, 2010Bank of China (Hong Kong) carries out $900 million tap
Bank of China (Hong Kong) has made a comeback to the Asian debt market
April 16, 2010Carlyle Asia Partners III fund raises $2.55b
The Carlyle Group has raised $2.55 billion through its Carlyle Asia Partners III fund
April 16, 20103i Group planning to invest in Indonesia
3i Group is following in the footsteps of CVC Capital Partners and Carlyle Group and is planning to invest in Indonesia.
April 09, 2010ABC’s $29b IPO attracting major banks
Agricultural Bank of China’s $29 billion IPO has attracted the interest of Goldman Sachs, UBS, Morgan Stanley, Deutsche Bank and Credit Suisse to underwrite its IPO
April 09, 2010Citi names Michael Zink as Singapore country head
Citibank has named Michael Zink as its Singapore country head, replacing Jonathan Larsen.
April 07, 2010Agricultural Bank of China to decide on banks for IPO
Agricultural Bank of China is ready to choose banks for its initial IPO which will include both Chinese-listed A-shares and Hong Kong-listed H-shares
April 07, 2010Korean megabank may emerge
The proposed privatisation of Woori Financial Group and the possible sale of US-based Lone Star’s stake in Korea Exchange Bank may result in the emergence of a Korean megabank
April 07, 2010Four banks bid for RBS’s UK branch network
Banco Santander, National Australia Bank (NAB), Banco Bilbao Vizcaya Argentaria and Virgin Money are in the running to purchase 318 Royal Bank of Scotland (RBS) UK branches
April 07, 2010Carlyle raises $1.1b fund for banks, insurers
Carlyle, a private equity firm, has raised $1.1 billion for its first financial services fund
April 05, 2010CCB cautions against rapid growth
China Construction Bank (CCB) chairman Guo Shuqing has cautioned against China’s rapid growth
April 05, 2010$320.4m generated by Citi’s Primerica IPO
Citigroup’s life insurance unit, Primerica, has generated $320.4 million through its initial public offering (IPO)
April 05, 2010Nomura tops global IPO rankings on Dai-ichi deal
Dai-ichi Life Insurance’s $11 billion initial public offering (IPO) has placed Nomura Holdings at the top of global underwriting rankings in Q1 2010
April 01, 2010Toru Ohara resigns from Franklin Templeton Investments
Toru Ohara has resigned from Franklin Templeton Investments. Ohara served for 9 years as the company’s chief investment officer.
April 01, 2010Samsung Life to raise $4.5 billion in IPO
Samsung Life Insurance is planning to raise about $4.5 billion in Korea’s biggest initial public offering (IPO).
March 31, 2010AXA and NAB advance on $12b deal
The National Australia Bank (NAB) and AXA have advanced on their $12 billion dollar deal with AXA agreeing to split up its Asia Pacific operations.
March 31, 2010Invesco Aim banks on credit card stocks to aid recovery
Invesco Aim, an Aim Financial Services fund that has around $210 million in assets under management is banking on US to credit card companies to help investors make some profits.
March 30, 2010Paulson’s $32b hedge fund causes concern
John Paulson’s hedge fund worth $32 billion is still taking in new capital.
March 30, 2010Credit Suisse obtains permission for Indian branch
Credit Suisse has obtained in-principle permission for a Mumbai-based branch.
March 29, 2010Santander and RBS discuss access to acounts via UK post offices
Banco Santander SA (Santander) and the Royal Bank of Scotland (RBS) are in discussions with the UK government
March 29, 2010BofA planning to expand in China
Bank of America (BofA) is planning on expanding in China.
March 29, 2010BOQ may acquire CIT unit
Australian-based Bank of Queensland is planning to acquire CIT Australia and New Zealand’s vendor finance unit.
March 26, 2010ICBC to raise $3.7b, other banks to raise a combined total of $25b
Industrial and Commercial Bank of China (ICBC) announced plans to raise $3.7 billion in new capita by selling bonds convertible into Shanghai-traded A shares
March 25, 2010Citibank’s South Asia CEO resigns
Citibank’s South Asia CEO, Mark Robinson, has reportedly resigned. He will be joining ANZ in a senior regional role. Robinson may be succeeded by Pramit Jhaveri, head of global banking at Citibank India and vice-chairman, Asia investment banking.
March 25, 2010Goldman Sachs applies for banking licence in India
Goldman Sachs has applied for an Indian banking licence. The license will allow the bank to commence retail banking operations in India.
March 24, 2010Thanachart acquires stake in Siam City for $1b
Thanachart Bank, which is 49% owned by Canadian-based Bank of Nova Scotia, has consented to pay $1 billion to acquire a 47.6% share in Siam City Bank. Thanachart Bank will be combined with Siam City Bank to create Thailand’s fifth-largest bank.
March 24, 2010Daiwa to acquire Shinsei’s Indian assets
Daiwa will be acquiring all the shares of Shinsei Asset Management (India) from the bank and local investors. Daiwa will then seek permission from Indian authorities to commence operations under a new name.
March 24, 2010BofA planning expansion in China
Bank of America Merrill Lynch (BofA) is planning on enlarging its operations in China. The bank is mulling over plans to incorporate locally in China by injecting fresh capital into its Chinese subsidiary.
March 24, 2010Dai-ichi to raise $11b in largest IPO of 2010
Dai-ichi Mutual Life Insurance (Dai-ichi) will raise $11 billion in the world’s largest initial public offering (IPO) in two years. The company plans to use the cash raised from the IPO to move to stock-based ownership from policy-based mutual ownership.
February 09, 2010KDB pulls out of bid for Siam City Bank
Korea Development Bank (KDB) has pulled out of its bid for Thai-based Siam City Bank
February 09, 2010Santander plans UK listing worth $23.6b, may sell minority stake in UK banks
Santander is planning to list its British-based businesses, Abbey, Alliance & Leicester banks and the savings arm of Bradford & Bingley for $23.6 billion
February 05, 2010Blackstone, Resolution may join bidding for RBS branches
Equity group Blackstone and buy-out company Resolution may also make a bid to acquire the 300 branches of Royal Bank of Scotland.
February 05, 2010BoCom could raise $2.9b in rights offer
China-based Bank of Communications (BoCom) could raise more than $2.9b in a rights offer of Shanghai
February 04, 2010Foreign banks to continue investment in China
Smaller foreign banks that have emerged unscathed from the financial crisis are continuing to invest and expand in China
February 04, 2010KKR, Bain, TPG vying for $1b stake in CICC
Kohlberg Kravis Roberts (KKR), Bain Capital and TPG Capital are bidding for Morgan Stanley’s stake in China International Capital Corporation
February 04, 2010Global sukuk sales may reach $25b in 2010
Sales of sukuk may increase 24% in 2010, led by Southeast Asia
February 02, 2010Virgin Money may purchase RBS and Lloyds branches
Virgin Money is keen on purchasing Lloyds and RBS branches if the price and locations are suitable
February 02, 2010BNY Mellon obtains QFII licence from CSRC
BNY Mellon Asset Management International has obtained a Qualified Foreign Institutional Investor (QFII) scheme licence from the China Securities Regulatory Commission (CSRC)
February 02, 2010CIC may earn extra $250 billion in funds
China Investment Corporation (CIC) may get at least $250 billion in extra funds by 14 February
January 29, 2010BNY to acquire PNC Global Investment for $2.5b
Bank of New York Mellon is planning acquire PNC Global Investment Servicing for an estimated $2.5 billion
January 28, 2010Hong Leong Bank offers RM 4.9 billion to acquire EON Capital
Hong Leong Bank has offered RM4.9 billion in an all cash deal to take over EON Capital
January 28, 2010Samsung Life I.P.O may bring closure to dispute
Samsung Life Insurance is planning for an initial public offering that is estimated to be worth between $2.6 – $4.4 billion
January 27, 2010Faysal Bank planning to buy RBS’ Pakistan unit
Pakistan-based Faysal Bank is planning to acquire Royal Bank of Scotland (RBS)’s operations in Pakistan
January 26, 2010Kazakhstan to sell BTA Bank to Russia-based Sberbank
Kazakhstan’s national wealth fund, Samruk-Kazyna, will have discussions to sell its indebted BTA Bank to Russia’s Sberbank in the second quarter of 2010
January 26, 2010NBIM says that active management of funds are important
The CEO of the Norges Bank Investment Management (NBIM) which manages $439 billion worth of funds has declared that the active management of funds are necessary. Basing his answer on the twelve year track record of the NBIM, he further added that having active fund managers will create greater returns and enhance the risk-return of [...]
January 26, 2010Bank of China to raise additional capital
Bank of China, who is currently planning a $5.9 billion convertible bond sale on mainland China
January 25, 2010Blackstone may be entering UK banking market
U.S. investment group Blackstone is reportedly entering the UK banking market
January 25, 2010Citi selling A.F.P Habitat for $297m
Citigroup has agreed to sell its 40.23% stake in A.F.P.
January 25, 2010NAB close to acquiring AXA Asia Pacific for 10.8b
National Australia Bank looks to be trumping AMP in both companies’ bid to acquire AXA Asia Pacific in a $10.8 billion deal
January 21, 2010T.Rowe Price completes acquisition of stake in UTI Asset Management
Baltimore, January 20, 2010 – T. Rowe Price Group closed today on its previously announced transaction to acquire a 26% stake in UTI Asset Management Company Limited and UTI Trustee Company Pvt. Ltd. for $142.4 million.
T. Rowe Price acquired a 6.5% stake from each of the original four stockholders – State Bank of India, Punjab [...]
Skandia changes US large cap fund manager
Skandia Investment Group (SIG) has replaced Wellington Management Company with Fifth Third Asset Management (FTAM) as the administrator of the Skandia US Large Cap Growth fund
January 21, 2010DoubleLine Capital registers 3 new funds
DoubleLine Capital, the money management company started by bond fund manager Jeffrey Gundlach who was dismissed from Trust Company
January 21, 2010Head of Ivy Asset resigns amid restructuring
Sean Simon, head of hedge fund Ivy Asset Management, has left the firm to pursue other interests in the midst of a restructuring of the funds unit within its corporate parent
January 18, 2010Citadel’s Head of Investment Banking Leaves
Todd Kaplan, the head of investment banking at Citadel Investment Group has resigned less than a year after joining the firm
January 18, 2010Aozora says ironing out differences in merger more important than meeting deadline
Aozora Bank announced that some differences have occurred in merger talks with Shinsei Bank
January 18, 2010Man Group affected by AHL’s poor performance
Man Group announced that its assets had been reduced due to poor performance from its flagship AHL strategy
January 15, 2010Soros Fund Planning an Office in Hong Kong
Soros Fund Management LLC is reportedly planning to open an office in Hong Kong
January 15, 2010Mizuho considering Japan’s first rights offering
Mizuho Financial Group is considering options inclusive of Japan’s first rights offering to boost its capital
January 15, 2010Ant Capital Partners to start new Japan buyout fund
Ant Capital Partners which is owned by Norinchukin Bank and Mitsubishi plans to raise money for a new buyout fund
January 14, 2010Templeton to set up Shariah-compliant equity fund
Templeton Asset Management is reportedly planning to set up a Shariah-compliant equity fund
January 14, 2010Perella appoints new asset management unit deputy head
Perella Weinberg named William Johnson, former head of JP Morgan’s propietary positioning business
January 14, 2010Blackstone raises $9b for BCP VI fund
Blackstone Group has raised about $9 billion from a target of $20 billion for its sixth global buyout fund.
January 12, 2010US hedge fund manager predicts imminent Chinese crash
James Chanos, a US hedge fund manager, has predicted an imminent Chinese economic crash due to the country’s large credit excess and over-inflated property sector.
January 12, 2010Nomura appoints new investment banking head for the Americas
Nomura Holdings named Glenn Schiffman, currently investment banking head for Asia (excluding Japan) to the same role for the Americas.
January 12, 2010KKR Financial Holdings LLC to sell 125m worth of bonds
KKR Financial Holdings LLC, a debt fund administered by private equity firm Kohlberg Kravis Roberts & Co announced that it intends to sell $125 million of bonds that can be converted into cash
January 12, 2010Scottish Widows Investment Partnership buys Greek bonds and increases holdings of Japanese stocks
Scottish Widows Investment Partnership, a subsidiary of Llyods Banking Group has acquired some least-wanted assets.
December 17, 2009NAB acquires Axa Asia Pacific for $12bn
National Australia Bank (NAB) is set to acquire Axa Asia Pacific Holdings for $12 billion, trumping a joint offer by AMP and French insurer Axa SA. Under the deal, Axa SA will buy Axa Asia Pacific’s units in eight Asian countries – Hong Kong, China, Singapore, Indonesia, the Philippines, Thailand, India and Malaysia. [...]
December 17, 2009Prudential sells its stake in Wachovia to Wells Fargo for $4.5bn
Prudential Financial Inc, the US’s second-largest life insurer, is selling its minority stake in Wachovia Securities for a $1.5 billion after-tax gain to Wells Fargo. The stake was inherited by Wells Fargo from Wachovia when it bought over the latter last year. Wells Fargo has disclosed that it will pay $4.5 billion in [...]
December 04, 2009Bank of America raises $19.3b, aims to repay TARP
Bank of America (BOA), the largest lender in the US, raised $19.3 billion through selling securities at $15 apiece
December 02, 2009BlackRock completes $15.2b BGI acquisition, becomes world’s biggest asset manager
BlackRock has completed its acquisition of Barclays Global Investors for $15.2 billion
December 02, 2009AI Capital to set up a fund to target Asian private equity next year
Mitsubishi owned Alternative Investment Capital is reportedly planning to start a new fund that will invest in Asian private equity next year
December 02, 2009Galleon reportedly ending its Asian operations by the end of 2009
Gallen Group, the $3.7b US hedge fund whose founder was charged with insider trading
December 02, 2009KKR and Fubon Financial vie for Morgan Stanley’s CICC stake
New York based Kohlberg Kravis Roberts & Co and Taiwan based Fubon Financial are reportedly bidding for Morgan Stanley’s piece in Chinese investment bank
November 19, 2009Bank Julius Baer hires senior relationship managers in Singapore
Bank Julius Baer has appointed Lawrence Lua as Managing Director Senior Advisor in Singapore with immediate effect.
November 17, 2009Members Equity Bank sold $702 million of residential mortgage-backed bonds
Members Equity Bank, the Australian lender known as ME Bank, sold A$750 million ($702 million) of residential mortgage-backed bonds.
November 17, 2009Mizuho stockholders likely to face more share dilution
Mizuho Financial Group’s stockholders are likely to face more share dilution than rival banks’ investors if the group sells shares to raise capital
November 17, 2009Bank of China and ICBC to be first lenders to open branches in Taiwan
Bank of China and Industrial & Commercial Bank of China are vying to be the first of the nation’s lenders to open branches in Taiwan
November 17, 2009China investors allowed to invest in Taiwan’s stock market
China’s qualified domestic institutional investors will be allowed to invest in Taiwan’s stock market once the memorandum of understanding (MOU)
November 16, 2009BMO acquired Paloma Securities
BMO Capital Markets of North America acquired Paloma Securities, the global securities lending arm of money manager
November 16, 2009Paulson’s hedge fund group acquired $300 million worth of Citigroup’s shares
Paulson’s hedge-fund group has proceeded to acquire $300-million worth of Citigroup shares, after selling its entire Goldman Sachs Group stake.
November 16, 2009JP Morgan in the process of buying 50% of Cazenove Group
JP Morgan is in talks to buy the half of Cazenove Group, which it did not already own for about 1 billion pounds ($1.7 billion)
November 16, 2009National Pension Service buys HSBC Holdings headquarters for $1.29 billion
National Pension Service, an investor in South Korea, agreed to buy HSBC Holding’s London headquarters
November 13, 2009State Bank of India will conclude its merger with State Bank of Indore by March 2010
State Bank of India will most probably conclude the merger of its associate bank
November 13, 2009Iberiabank and FDIC to acquire two failed Florida financial institutions
Iberiabank entered into purchase and assumption agreements with the Federal Deposit Insurance Corporation
November 13, 2009ICBC and CCB in talks to buy a stake in Taifook Securities Group
Industrial & Commercial Bank of China and China Construction Bank are in separate talks to buy a stake in Taifook Securities Group
November 13, 2009Standard Chartered Bank expected to be listed in Indian stock exchanges
Standard Chartered Bank of London expected to list on Indian stock exchanges as early as April next year
November 12, 2009Citi, JP Morgan, Wells Fargo to stop insuring checking accounts
Citigroup, JP Morgan and Wells Fargo decided to stop insuring checking accounts in the U.S
November 12, 2009BlueCrest plans to open an office in Geneva
BlueCrest Capital Management, a hedge fund firm in London that oversees about $15.4 billion
November 12, 2009HSBC upgraded from “hold” to “buy” at Societe Generale SA
HSBC Holdings of Europe was upgraded to “buy” from “hold” at Societe Generale SA
November 12, 2009FirstMerit Corporation acquired loans of $104 million from First Bank
FirstMerit Corporation will enter the Chicago-area banking market by purchasing 24 branches and $1.2 billion in deposits
November 11, 2009China’s banking regulator approved three lenders to invest in bonds
China’s banking regulator approved three commercial lenders to invest in bonds listed on the local stock exchanges
November 11, 2009ICICI Bank of India and Singapore Mercantile Exchange entered into agreement
ICICI Bank of India has entered into an agreement for providing clearing and settlement services to Singapore Mercantile Exchange
November 11, 2009Bank Negara Malaysia and CBRC signed MOU
Bank Negara Malaysia and China Banking Regulatory Commission signed a Memorandum of Understanding
November 11, 2009Bad debts soared by 63% in Barclays
Barclays in the UK has reported sharp falls for third-quarter net profits.
November 11, 2009ICBC acquired 20% more stake in ICBC Credit Suisse Asset Management
Industrial and Commercial Bank of China (ICBC) acquired a further 20% stake in ICBC Credit Suisse Asset Management
November 11, 2009ICBC acquires 20% more stake in ICBC Credit Suisse Asset Management
Industrial and Commercial Bank of China (ICBC) acquired a further 20% stake in ICBC Credit Suisse Asset Management
November 10, 2009Taiwan barred foreign investors for putting money in time deposits
Taiwan barred the foreign investors from putting money in time deposits with immediate effect as the authority moves to curb what it sees as currency speculation.
November 10, 2009Qatar National Bank launches Swiss private banking subsidiary
Qatar National Bank (QNB) has launched a Swiss private banking subsidiary after receiving regulatory approval to start operations
November 10, 2009HKMA further pumps $700 million into banking system, accumulating to a total of $34.83 billion
Hong Kong Monetary Authority pumped a second injection of HK$5.425 billion ($700 million) into the territory’s banking system
November 10, 2009Sacombank opens a new affiliate in Singapore
Sacombank has opened an affiliate in Singapore, the first ever for a Vietnam’s securities company in a foreign country
November 10, 2009ANZ Bank to raise $698 million through a convertible preference share offer
Australia & New Zealand Bank is planning to raise A$750 million ($698 million) through a convertible preference share offer
November 09, 2009FDIC considers securitising failed bank assets
The Federal Deposit Insurance Corporation is considering on securitising some failed bank’s assets in its receivership
November 09, 2009East West Bancorp acquires United Commercial Bank
East West Bancorp has acquired the banking operations of United Commercial Bank (UCB)
November 09, 2009Morgan Stanley considers selling 34% stake in CICC
Morgan Stanley is considering selling its 34% stake in an investment bank, China International Capital (CICC).
November 09, 2009China Merchants Securities raising up to $1.6 Billion IPO in Shanghai
China Merchants Securities plans to raise as much as 11.1 billion Yuan ($1.6 billion) in an initial share sale in Shanghai
November 06, 2009ICBC expected to receive a banking permit from Malaysia
Industrial & Commercial Bank of China (ICBC) is likely to receive a banking permit from the government of Malaysia
November 06, 2009BNY promotes Brian Ruane as first CEO of BNY Mellon Alternative Investment Services
Bank of New York Mellon promoted Brian Ruane to head the bank’s $200 billion hedge fund administration unit.
November 06, 2009Siguler Guff acquires stakes in Russia’s MDM Bank
Siguler Guff, the US group specialising in emerging markets and distressed debt investments
November 06, 2009Investor’s sue Berkshire and Burlington northern over deal
Investors sued Warren Buffett’s Berkshire Hathaway and Burlington Northern Santa Fe Corporation.
November 06, 2009AIG expected to report gains
American International Group, the bailed-out insurer, with a $355 billion fixed-income portfolio
November 06, 2009Global IR review finds investors confident on market prospects; concern over withdrawal of government stimulus
FD, the strategic communications segment of FTI Consulting, Inc., released today the results of its inaugural Global Investor
Review
ING to separate banking and insurance operations
ING announced today that it will move towards a complete separation of its banking and insurance operations as part of its ongoing review of the Group’s strategy and as a logical next step in its Back to Basics programme.
November 04, 2009Capital Markets Continues Expansion In Asia
RBC Capital Markets, the corporate and investment banking arm of Royal Bank of Canada (RY on TSX and NYSE)
November 02, 2009Aviva Investors Challenges Global Stock Exchanges to Take Action on Corporate Responsibility
Aviva Investors, the global asset management business of Aviva plc, has called on stock exchanges around the globe to more actively promote corporate responsibility
October 27, 2009Ameris Bancorp reaches an agreement with FDIC, absorbs American United Bank
Ameris Bancorp announced the entrance of its wholly-owned banking subsidiary, Ameris Bank
October 27, 2009Rathbone Brothers acquires private client funds from Lloyds
Rathbone Brothers has reportedly agreed to acquire a number of private client funds from Lloyds Banking Group
October 27, 2009China CITIC buys 70.32% of CITIC International Financial Holdings for $1.75bn
China CITIC Bank has successfully completed the acquisition of a 70.32% stake in CITIC International Financial Holdings (CIFH) for $1.75bn (HK$13.56bn)
October 27, 2009MIIF agrees to sell interest in Macquarie European Infrastructure Fund
Macquarie International Infrastructure Fund Limited (MIIF or Fund) today announced that it has agreed to sell 71.6 per cent of its interest1 in Macquarie European Infrastructure Fund (MEIF)
October 26, 2009Bank of Thailand’s unit is set to sell its 47.6% stake in Siam City Bank in Q2 of 2010
A senior official from the Bank of Thailand said that it is expected to sell its 47.6% stake in Siam City Bank
October 26, 2009State Bank of India seeks to acquire a 40-branch Indonesian bank
State Bank of India is reportedly looking for a bank in Indonesia with more than 40 branches
October 23, 2009Axis Bank hires Barclays, HSBC, JP Morgan and Standard Chartered for bond sale
Axis Bank hired Barclays, HSBC, JPMorgan. and Standard Chartered to help sell its first dollar bonds in two years
October 23, 2009UOB enables retail investors to invest in China’s top companies
United Overseas Bank’s fund management arm will list the first ‘China A-shares exchange traded fund’
October 23, 2009BNP Paribas appoints new chief executive for Fortis Bank in Singapore
BNP Paribas named Peter Foo, currently a chief executive for Fortis Bank in Singapore
October 23, 2009Bank of America signs agreement to sell First Republic Bank
Bank of America signed a definitive agreement to sell First Republic Bank to a number of investors led by First Republic’s existing management
October 23, 2009Wells Fargo posts profits from hedging mortage-servicing rights
Wells Fargo earned almost a third of its pretax quarterly profit through hedging mortgage- servicing rights
October 21, 2009BlackRock net income soars 46%
BlackRock, one of the publicly traded U.S. asset manager, claimed that their net income rose 46% as fund sales
October 21, 2009State Bank of India raises $750mn from bond sale
State Bank of India raised $750 million from the country’s dollar bond sale in almost three years
October 21, 2009JP Morgan edges Goldman Sachs on corporate client fees
JP Morgan took in $1.26bn in advisory fees during the first three quarters of the year
October 21, 2009UBS AG names new MD for Latin America fixed-income trading
UBS AG named Gianluca Passaretta, previously head of Latin America trading at Calyon
October 21, 2009Qatar Holding mulls selling Barclay shares
Qatar Holding, a unit of the Qatar Investment Authority is planning to sell more than 379 million shares of Barclays
October 20, 2009Billionaire fund manager charged with insider trading
On Friday, federal prosecutors charged Mr. Rajaratnam and five other people with insider trading
October 20, 2009Allianz and Amex keep their $3.1bn worth ICBC shares
Allianz SE and American Express Co. will keep their ICBC shares with a combined worth of about $3.1bn.
October 20, 2009Investor Confidence Index Declines From 122.8 to 118.1 in September
Global Investor Confidence fell by 4.7 points to 118.1 from a revised August level of 122.8.
October 20, 2009RHJ International acquires Kleinwort Benson from Commerzbank AG
Belgium-based private equity group RHJ International has recently acquired Kleinwort Benson, a private bank from Commerzbank AG for £225 million ($366.42 million).
October 20, 2009RHB buys 80% of Bank Mestika for $356mn
RHB, Malaysia’s fourth biggest bank by assets, will be buying $356mn (1.2bn ringgit) for an 80% stake in Bank Mestika Dharma
October 19, 2009Nomura Selects SunGard’s Apex Securities Finance Solution for Full Front-to-Back-Office Management
SunGard announced last week that Nomura International Plc (Nomura), has chosen to upgrade its securities finance technology infrastructure to Apex
October 15, 2009OCBC Bank Triples its Private Banking Business
Oversea-Chinese Banking Corporation Limited (“OCBC Bank” or “the Bank”) announced today that it reached agreement with ING Bank N.V. to acquire its Asian private banking business
October 14, 2009Fitch Assigns ‘AAA(twn)’ to Deutsche Bank’s Bond Issue
Fitch Ratings has today assigned a National Long-term rating of ‘AAA(twn)’ to the 10-year senior unsecured debts totaling TWD1bn issued by Deutsche Bank AG Taipei Branch
October 14, 2009RBS hires new Head of Institutional sales for Asia Pacific equity derivatives
The Royal Bank of Scotland plc (RBS) today announced the appointment of Ted Tsao as Managing Director
October 13, 2009AIG sells Nan Shan Life Insurance for $2.15bn
American International Group (AIG) will sell its stake in Taipei-based Nan Shan Life Insurance
October 13, 2009China’s sovereign wealth fund buys stakes in country’s top banks
China’s $300 billion sovereign wealth fund has recently bought stakes in the country’s three largest banks
October 12, 2009JPMorgan Asia private bank light on equities
JPMorgan’s private banking arm in Asia is positioning for a deceleration in the global economy
October 12, 2009SG Private Bank sees asset growth again in Japan
Societe Generale aims to boost the assets managed by its private banking business in Japan
October 12, 2009Lombard Odier Japan aims to double assets
Lombard Odier Darier Hentsch Trust Japan aims to double its assets under management to 200 billion yen ($2.3 billion) in five years
October 09, 2009HSBC eyes two troubled Asian assets – ING and RBS
Global lender HSBC is reportedly in advanced talks to buy assets of two troubled financial groups – ING and RBS in Asia
October 09, 2009Thanachart Bank seeks $1.2bn for upcoming Siam City Bank purchase
Thailand’s Thanachart Bank has proposed a rights issue to raise $1.2bn to fund the purchase of Siam City Bank
October 09, 2009ICBC set to buy 19.26% stake in ACL Bank
Industrial and Commercial Bank of China (ICBC) reached an agreement with Bangkok Bank of Thailand to buy a 19.26% stake in Thailand’s ACL Bank.
October 09, 2009State Bank of India merges with State Bank of Indore
The merger of the State Bank of Indore with the State Bank of India (SBI) has been approved and will be completed by end of December.
October 09, 2009Religare Unveils Plans to Expand Emerging Market Investment Bank and Appoints Martin Newson CEO, Global Investment Banking
Unveils plan for establishing ‘Emerging Market Investment Bank’
October 09, 2009Threadneedle Appoints New Head of Distribution
Threadneedle today announced the appointment of Campbell Fleming to the position of Head of Distribution.
October 08, 2009HSBC China Dragon Fund seeks approval
HSBC Global Asset Management has announced a proposed amendment to the HSBC China Dragon Fund (stock code 820) that would allow it to conduct on-market repurchases of units of the Fund.
October 08, 2009Fitch: Indian Investors See Stable Growth in Economy
Fitch Ratings says today in its first ever India Fixed Income Investors Survey report (conducted between August and September 2009) that debt investors are optimistic about India’s economic prospects.
October 08, 2009Julius Baer to acquire ING Bank (Switzerland) Ltd
Julius Baer has agreed to acquire ING Bank (Switzerland) Ltd., headquartered in Geneva, a fully-owned subsidiary of ING Group NV, including its subsidiaries in Monaco and Jersey.
October 05, 2009RBC Dexia Appoints New Chief Risk Officer
London, October 1, 2009–RBC Dexia InvestorServices today announced the appointment of Frank Van Hoornweder as Chief RiskOfficer.
October 02, 2009BBVA and Newedge new joint venture will operate under Altura name
BBVA and Newedge, a global leader in multi-asset brokerage, have formed a joint venture to combine their leading positions in the Spanish markets while retaining the brand name Altura.
October 02, 2009Li Heng shareholders to gain exposure to HK market while retaining Singapore listing
Singapore, 30 September 2009 – Mainboard-listed Li Heng Chemical Fibre Technologies Limited (“Li Heng” or “the Company”, or together with its subsidiaries, “the Group”)
October 01, 2009Nomura becomes Primary Dealer in India
Nomura Fixed Income Securities Private Ltd (NFIS) has been granted a Primary Dealer license by the Reserve Bank of India.
October 01, 2009Veteran Banker, Civic Leader Peter Barker Named California Chairman for JPMorgan Chase
Continues Firm’s Emphasis on the State
JPMorgan Chase & Co. announced that experienced banker and business leader Peter Barker will become its California Chairman starting September 28.
October 01, 2009J.P. Morgan Expands its Escrow Capabilities in Asia Pacific
J.P. Morgan announced last September 15 that it has continued the expansion of its Treasury Services offerings in Asia Pacific
October 01, 2009J.P. Morgan Worldwide Securities Services Launches Portfolio Construction Tool
J.P. Morgan Worldwide Securities Services (WSS) announced last September 29, 2009 that it has developed an asset allocation and manager selection analysis tool that enables clients to plan and map the risk-return implications of their current and new portfolios
October 01, 2009The Carlyle Group Acquires Minority Stake in Yashili Group; Investment Supports China’s Rapidly Growing Infant Formula Industry
China – Global private equity firm The Carlyle Group announced its minority stake investment in Guangdong Yashili Group Co., Ltd., one of China’s largest infant formula companies last September 20.
October 01, 2009The Carlyle Group Names Gregory L. Summe Vice Chairman of Global Buyout; Seasoned Executive Brings 18 Years of Business Leadership Experience
Washington, DC – Global private equity firm The Carlyle Group announced last September 23 that Gregory L. Summe will join the firm as Vice Chairman of Global Buyout
October 01, 2009Blackstone, Silverhawk, Tom Hill and Management form Summit Materials
Summit Materials, LLC has been formed to develop a leading business in the aggregates and heavy-side building materials sector through strategic acquisitions
October 01, 2009Peter Cohen to Join Blackstone As Head of Global Media Advisory Practice
The Blackstone Group (NYSE: BX) has confirmed that Peter Cohen has agreed to join the firm effective September 8, 2009 as a Senior Managing Director in its Corporate Advisory Group
October 01, 2009ARISTO Index Launches – Algorithmically Rebalanced Investment Strategy with Optimisation
Barclays Capital, the investment banking division of Barclays Bank PLC, launched the Barclays Capital ARISTO Index (“ARISTO Index”); an Index intended to reflect the performance of the Algorithmically Rebalanced Investment Strategy with Optimisation last September 22.
October 01, 2009Barclays Capital Appoints Ryan Bacher Head of Prime Services, Asia Pacific
Singapore – Barclays Capital, the investment banking division of Barclays Bank PLC, has announced that Ryan Bacher has joined the firm as Managing Director, Head of Prime Services, Asia Pacific.
October 01, 2009JPMorgan Chase steps up to raise $90 billion in financing for nonprofit and government organizations
JPMorgan Chase raised approximately $90 billion in financing for local governments and nonprofit organizations throughout the country in the past nine months
October 01, 2009FDI outflows by West Asian sovereign wealth funds may gain importance in 2009; inward investment to the region may fall
Development projects across West Asia have been hit hard by tightening global credit markets and the worldwide recession
October 01, 2009J.P. Morgan Worldwide Securities Services Launches Portfolio Construction Tool
J.P. Morgan Worldwide Securities Services (WSS) announced today that it has developed an asset allocation
October 01, 2009J.P. Morgan Issues M&A Holdback Escrow Report
J.P. Morgan issued a new report on September 29, 2009 that provides the deal community with results from its ongoing study of data points relating to holdback escrow accounts used in merger and acquisition (M&A) transactions
October 01, 2009ADCB is the first GCC bank to qualify to issue Global Medium Term Programme (GMTN)
Abu Dhabi Commercial Bank PJSC (“ADCB”) is pleased to announce the completion of the update of its Global Medium Term Programme
October 01, 2009Clifford Chance advises Forum Partners on investment in Galileo Japan Trust
Tokyo: Leading international law firm Clifford Chance has advised Forum Asian Realty Income II, L.P. on its investment
October 01, 2009Morningstar Acquires Equity Stake in PitchBook Data, Inc., Private Equity Data Provider
Morningstar, Inc. (NASDAQ: MORN), today announced that it has acquired a minority equity stake in PitchBook Data
October 01, 2009Private Equity Executives See Slowed Deal Flow in Early 2010; Industry Turnaround Later in Year
Debt, financing and exit strategies are greatest concerns
NEW YORK, Sept. 28 /PRNewswire/ — The majority of private-equity industry executives polled say they expect economic conditions to keep deal activity and debt availability relatively low until near the end of 2010
August 17, 2009Fitch’s Stress Test Reveals Most Philippine Banks Resilient for Downturn; Rating Outlooks Stable
Fitch Ratings has today said that notwithstanding extremely challenging macroeconomic conditions and reasonably-stressed assumptions simulated by the agency
August 14, 2009MEPS awarded PCI DSS compliance certification for Interbank GIRO process
Malaysian Electronic Payment System (1997) Sdn Bhd (MEPS), a leading interbank network switching provider, announced its Interbank GIRO process has been awarded compliance status with the Payment Card Industry – Data Security Standard 1.2 (PCI DSS).
August 14, 2009Fitch Upgrades Shoko Chukin’s Support Rating to ‘1′ Due to Increased National Importance
Fitch Ratings has today upgraded The Shoko Chukin Bank Limited’s (Shoko Chukin) Support rating to ‘1′ from ‘2′.
August 13, 2009Temenos builds rapid presence in Jordan
GENEVA, Switzerland 13 August 2009 – Temenos (SWX: TEMN), the global provider of integrated core banking systems, today announced that Cairo Amman Bank