News
Maybank offers closer-to-home investment
Maybank has launched its 1Malaysia Momentum or M3 Structured Deposit, a capital protected investment plan for investors seeking potential gain regardless of the market conditions, with a target fund size of US$29.5 million.
Maybank offers closer-to-home investment
Maybank has launched its 1Malaysia Momentum or M3 Structured Deposit, a capital protected investment plan for investors seeking potential gain regardless of the market conditions, with a target fund size of US$29.5 million.
NAB acquires Calibre Asset Management
Move aims to realize the bank's goal of capitalising wealth boom of high-end customers in Asia-Pacific.
HSBC underwrites RMB bond in China
HSBC China joined the underwriting group for Renminbi-denominated bonds that have been issued by Bank of Shanghai. It marks the first time a locally incorporated foreign bank has participated in the underwriting of a RMB financial bond in China.
Punjab National Bank finds no takers for PNB Gilts
Lack of buyer leaves PNB to acquire PNB Gilts as an option.
Central Huijin set to recapitalise Export-Import Bank
Sources said the Chinese bank would possibly issue $11.7 billion to inject capital into Exim Bank.
Taiwan bars foreigners to invest in time deposits
Financial Supervisory Commission seeks to prevent currency bubble after discovering foreigners parking $15.5bln in time deposits.
HSBC sees growth in small to mid caps
Mainland China investors can now capture the potential of small to medium cap companies with HSBC's new fund.
AIG Finance HK acquired by CCB Asia
The deal beefs up China Construction Bank's customer base and services for small and medium enterprises.
Morgan Stanley resells 34.3% stake in CICC
Morgan Stanley's possible $1 billion deal will remove hindrance in expanding its presence in mainland China.
Moody’s: Chinese banks want life insurers
Chinese commercial banks will increase investment in life insurers in view of the strong growth potential in the Chinese insurance sector.
Bangkok Bank ups profits c/o investment banking
Bangkok Bank recorded a net profit for the three months to 30 September 30 of US$149.4 million, with fees and service income up by 15.8 percent due largely to higher income from investment banking operations.
Aberdeen, BNP Paribas expand partnership
Aberdeen appointed BNP Paribas for the fund administration and global custody of their “Select” and “South-East Asia” funds.
Panoramic enters introducing agent deal with Carax
Hong Kong-based investment firm Panoramic has been appointed as the first Introducing Agent on behalf of Carax, Monaco.
Nomura adjusts subordinated convertible bonds price
Nomura Holdings, Inc. has adjusted the conversion price for its First Series of Unsecured Subordinated Convertible Bonds with Stock Acquisition Rights issued on 16 December 2008 from 436.5 yen to 406.8 yen.
BEA opens new branches in high-traffic locations
Bank of East Asia opened its Maritime Square Branch and SupremeGold Centre to penetrate high-traffic locations. The branches are located in a large-scale shopping complex above the MTR Tsing Yi Station.
Survey: funds are 47% equity long/short strategies
Hedge fund managers in Singapore participated in a research conducted by the Alternative Investment Management Association, the global industry trade association for the alternative investment management industry.
Analysts: OCBC ratings unaffected by ING acquisition
OCBC's acquisition of ING's Asia private banking assets will not materially affect its strong capitalisation, according to Standard and Poor's. The goodwill generation is about US$538.4 million. The offered price is about 1.6x the net book value of ING assets as at the end of August 2009, with an estimated cash consideration of US$1.464 billion.
