Wealth Management
New Hong Leong offer for EON Capital seen
Analyst said selection of 7 new directors can revive HLB's bid to acquire EON Cap.
New Hong Leong offer for EON Capital seen
Analyst said selection of 7 new directors can revive HLB's bid to acquire EON Cap.
HSBC eyes BoCom rights issue subscription
Move part of HSBC's plans to invest in China to capitalise on country’s 10.7% economic growth.
National Australia Bank positive on Axa acquisition
NAB believes regulator will favor its US$12mln bid for Axa takeover over rival's US$11mln offer.
Affin Bank mulls EON Cap takeover
Lender banks on improving financials and fundraising potential for bid despite criticized for being small.
RHB partners with TM Asia Life for bancassurance
MoU gives bank 10-year right to sell insurer's plans while latter pays $30mln exclusivity fee.
Morgan Stanley approves CICC stake divestment
US bank just awaits China regulator's approval to complete sale of 34.3% stake in CICC.
JPMorgan strengthens its Malaysia commercial bank
Expansion includes integration of its in-country treasury management service as part of $1 billion global investment.
HSBC to join Bank of Communications' rights issue
HSBC sees BoCom's fundraising move as opportunity to add its 20% stake and increase China investments.
ANZ declines AMP's US$3.6bln stake sale offer
Bank preferred to focus on integrating ING and ‘organic growth’.
ANZ to rebrand wealth management unit
Sources said moniker “OneWealth” will be used to refer to its US$45 billion business.
BoCom courts investment banks to raise funds
Bank of Communications plans raising $3.7bln, and funds to support balance sheet could reach up to $5.85 billion as amount is not yet finalised.
CIMB Thai eyes selling unit stake to parent
100% stake in Sathorn Asset Management with $90.38mln NPL planned to be sold to CIMB Group.
StanChart to hire 500 in HK for wealth management
Standard Chartered Plc. said it is planning to hire 500 more employees this year for its wealth management business in Hong Kong in time for Asia's...
EON Capital turns down Hong Leong’s bid
EON said Hong Leong's $1.4 billion offer undermined former's latest projected growth.
BoCom and Commonwealth Bank form insurance JV
BoCommLife banks on CBA's expertise in bancassurance for its future success.
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...
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.
