News
EON Capital turns down Hong Leong’s bid
EON said Hong Leong's $1.4 billion offer undermined former's latest projected growth.
EON Capital turns down Hong Leong’s bid
EON said Hong Leong's $1.4 billion offer undermined former's latest projected growth.
Metrobank entrusted to manage BSP Provident Fund
Lender's fund management excellence earned accreditation from the Philippines' central bank.
Union Bank of India to undertake asset management
UBI ties up with a Belgian company to engage in mutual fund business within 4 months.
ING Asia Private Bank renamed Bank of Singapore
OCBC has completed the acquisition of Singapore-based ING Asia Private Bank Limited and its subsidiaries for approximately US$1,446 million.
BoCom and Commonwealth Bank form insurance JV
BoCommLife banks on CBA's expertise in bancassurance for its future success.
Singapore eyes 2010 investments at S$12 billion
Investments in the manufacturing and services sectors are expected to hold their ground this year.
Bank of China considers offering bonds worth $5.8bln
BOC seeks government's approval in raising funds to replenish capital amid loan surge last year.
Hong Leong ratings unaffected by bid for EON
Standard & Poor's has no immediate rating action on Hong Leong Bank's potential acquisition of EON Capital Bhd. S&P believes the planned acquisition will not materially affect HLB's financial profile. Based on the proposed full cash offer price of 1.4x the net book value of EON, the capitalisation of the merged entity will remain adequate despite the slight decline from goodwill generation of about US$411 million.
EON Capital requests Bank Negara's nod for negotiations
Talks with Hong Leong for possible acquisition of its assets and liabilities are not yet finalised.
China approves StanChart as Bond Market Maker
Standard Chartered will act as Market Maker in China's National Interbank Bond market. It became one of the few foreign banks to achieve the status after it received regulatory approval.
Société Générale strengthens local presence in Japan
Toshiyuki Tomita has been appointed as Managing Director and Head of Société Générale Tokyo Branch’s Flow FX Sales team.
CBA backs away from funds management industry
Commonwealth Bank of Australia plans aggressive Asian expansion as the lender wants acquisitions and formation of strategic partnerships focusing on Indonesia, China and Vietnam.
BEA complies with China's data centre requirement
BEA China became the first locally-incorporated foreign bank in China to open a data centre.
Prudential is buying UOB’s life insurance unit
The life insurance unit of Singapore’s second-largest lender by market value will be purchased by Prudential Plc for S$428 million ($306 million).
Philippine sovereign bonds retain ratings
Standard and Poor's rating on the global bonds of the Philippine Republic maturing in 2020 and 2034 was affirmed. It occurred after a proposed reopening of these instruments.
Westpac begins offering Samurai bonds—source
The lender reissued yen-denominated bonds after a year-long hiatus due to global financial crisis.
Penjing, Triple A form hedge fund venture
Penjing Asset Management entered a joint venture agreement with Triple A Partners to raise capital to start hedge funds in Asia.
