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Investment Banking

Taiwan, China agree to beef-up banking management pool

50 reads

Sign a cooperation agreement on cultivating and training financial talent. Read ››

China’s banks ready to support huge M&As

152 reads

Use of standby letter of credit shows government support for private sector borrowers. Read ››

Banking share purchase boosts China's stock market

42 reads

Government buys shares in two financial blue-chips. China's government through Central Huijin Investment Company, its main holding company for state-owned financial firms, increased its equity stakes in Everbright Bank and New China Life Insurance late last week to restore confidence in China's stock market after the key index plunged to a six-month low last week. Read ››

UOB and Sumitomo Mitsui launch new real estate unit trust in Singapore

105 reads

The fund will offer 5% potential distribution per annum. UOB Asset Management (UOBAM) and Sumitomo Mitsui Asset Management (SMAM) have joined forces to offer a new Asia Pacific real estate unit trust for retail investors in Singapore. Read ››

Check out how Japanese megabanks will comply with new law

73 reads

Will seek approval from shareholders this month. Japan yesterday passed a law changing the way it deals with failed financial firms as part of its effort to avoid a repeat of the global financial crisis of 2008. Read ››

Standard Chartered appoints Zhang Su as equity research analyst for emerging companies

83 reads

Standard Chartered announced the appointment of Zhang Su as Equity Research Analyst, Emerging Companies. Read ››

Mizuho appoints new GM for US corporate finance

80 reads

Andrew Dewing is General Manager of its US Corporate Finance Division. Read ››

SMBC dumps Barclays holdings

115 reads

Says divestiture will improve its "capital efficiency". Sumitomo Mitsui Banking Corporation sold half its shareholding in Barclays plc for US$403 million after disposing of 84 million shares. Read ››

CIMB and Deutsche Bank complete placement of 50m existing shares in Tenaga

97 reads

That's 0.9% of its paid up share capital. According to a release, CIMB and Deutsche Bank, as joint placement agents, have today successfully completed a placement of 50 million existing shares in Tenaga Nasional Berhad, representing approximately 0.9% of its paid up share capital, at RM8.24 per share, raising gross proceeds of RM412 million for Khazanah Nasional Berhad. Read ››

Citi trades first ever CNH/USD cross–currency swap transaction

273 reads

Transaction will be effective in early July. Citi Hong Kong Markets traded the first CNH/USD Cross–Currency Swap transaction using the 3-month CNH HIBOR as the pricing benchmark with Bank of China (Hong Kong) Limited (BOCHK). Read ››

Standard Chartered launches first offshore RMB issuance in Singapore

82 reads

StanChart is the sole lead manager. Read ››

ICBC executive appointed head of CIC

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Li Xiaopeng heads China’s sovereign wealth fund with over US$410 billion in assets. Read ››

ICBC loses Goldman Sachs investment

163 reads

US investment firm makes US$1.1 billion by selling remaining ICBC shares. Read ››

IMF warns China over fragile banks

161 reads

Fears Chinese banks are incapable of withstanding multiple crises. The International Monetary Fund is warning China about the possible fragility of its financial system. Read ››

Japanese megabanks predict lower profits this year

128 reads

Says monetary easing made loans less profitable. Japan’s three biggest banks have forecast an earnings drop this year. Sumitomo Mitsui Banking Corporation, the second largest bank, said in a statement that its net income will fall 27% to US$5.7 billion in the year ending March. Read ››

PBOC closes WMP loophole

153 reads

Loophole used by non-bank financial institutions to hide WMP risks. Read ››

Westpac hires more senior managers for Asian expansion

282 reads

Continues to poach senior bankers from global competitors. Australia’s Westpac Banking Corporation has named former J.P.Morgan managing director and head of treasury services for Greater China, David Koh, as its Asian head of corporate and institutional banking. Read ››

Philip Lee is Chief Country Officer, Singapore for Deutsche Bank

198 reads

Lee is also appointed Vice Chairman, South East Asia effective from July 8.  He will report to Gunit Chadha and Alan Cloete, Co-Chief Executive Officers, Asia Pacific, and Members of the Group Executive Committee. Read ››

3 areas of growth in investment banking in Singapore

Joel Teo
BY JOEL TEO
435 reads

Investment banking in Asia has been affected by weak earnings forecasts in the profits of targets (thus resulting in fewer large deals), increased capital adequacy regulation from regulators (so less liquidity they can put into deals which results in a reduced risk appetite for deals) and the general weak macro economy. Read ››

Standard Chartered appoints Philip Tulk as conglomerates, hotels and gaming analyst

149 reads

In a statement, Standard Chartered announced the appointment of Philip Tulk as Conglomerates, Hotels and Gaming Analyst. Read ››

Why raising bank capital requirements will help the global economy

Moorad Choudhry
BY MOORAD CHOUDHRY
192 reads

“Basel III” is familiar as the outcome of the financial crash of 2008. Read ››

Banks in Asia Pacific can reduce risk by embracing intra-day data

Madalene Soon
BY MADALENE SOON
337 reads

Banks in Asia Pacific have traditionally processed corporate actions on an end-of-day or even a T+1 basis but due to market and regulatory changes, are looking to move to an intra-day process. Read ››

CIMB Australia and Morgans to collaborate to manage equity capital markets

130 reads

CIMB will also provide research reports. In a release,  CIMB Group announced that its Australian investment banking operations, CIMB Australia has entered into a strategic alliance agreement for the provision of research reports and cooperation on corporate advisory and capital markets work in Australia. Read ››

Shadow banking still a negative credit issue for Chinese banks

124 reads

Shadow banking products reached RMB21t in 2012. Moody's Investors Service says that China's latest regulatory steps to tighten controls on wealth management products (WMPs), part of China's shadow banking market, are credit positive for banks, while Moody's expects the issue of shadow banking to continue to weigh on the banks' credit profiles. Read ››

BOC cuts business ties with North Korean bank

89 reads

Foreign Trade Bank accused of funding North Korea’s missile and nuclear programs. Read ››

Why aren’t banks serious about creating value for their customers?

Shekar Ganesh
BY SHEKAR GANESH
484 reads

By focusing on operational excellence, a path to creating value for their customers, banks could build customer loyalty, increase earnings while reducing fees charged to recover transaction costs.  If you look out the window of the banking industry, you will quickly realize that banks are focused more in creating wealth for their employees and shareholders and perhaps not working hard for creating value for their customers. Read ››

The new BRICS bank and its implications for Asia

Mobasher Zein Kazmi
BY MOBASHER ZEIN KAZMI
228 reads

In the recently concluded 5th BRICS Summit in Durban, South Africa proposals for a new BRICS led development bank were floated and discussed. Read ››

Citi appoints Dylan Halterlein as Asia Pacific head of Delta One product

181 reads

In a statement, Citi announced the appointment of Dylan Halterlein as Managing Director and Asia Pacific Head of its Delta One product. Read ››

CIMB focuses on equities for growth

147 reads

This is part of its plan to become a leading pan-Asian investment bank. Read ››

Standard Chartered names Sumit Choudhary as head of emerging companies research, India

164 reads

He reports to Jeremy Sutch and Rahul Singh. Read ››

Standard Chartered appoints Petter Sternby as head, SEA financial institutions strategic coverage

150 reads

He joined the bank on April 8. According to a release, Standard Chartered has appointed Petter Sternby as Head, South East Asia Financial Institutions (FI) Strategic Coverage. Read ››

Singapore to replace Switzerland as the bank for the super-rich

110 reads

To become top destination for the wealth of the world's richest by 2020. Read ››

CIMB begins investment banking in India

210 reads

CIMB now in all major APAC markets except Taiwan. Malaysia’s CIMB Group has started its investment banking and brokerage businesses in Mumbai after obtaining a stock broking license from the Securities and Exchange Board of India. Read ››

Standard Chartered issues its first RMB5b financial bond in China

228 reads

It's a 3-year bond with coupon rate of 4.2%. In a statement, Standard Chartered China said that with the approval from China Banking Regulatory Commission and the People’s Bank of China, Standard Chartered China has successfully issued a financial bond (hereafter “the bond”) of RMB 5 billion in the domestic inter-bank bond market. Read ››

Asia's share of global revenues doubled in the last 7 years: Citi

233 reads

Find out how Citi benefits from this growth. According to a recent study by Citi, Asia’s share of global revenues had doubled in the last seven years. Read ››

India to regulate incentives for bank staff

303 reads

Aims to prevent a recurrence of money laundering and tax evasion. Read ››

Standard Chartered appoints Peter Burnett as regional head of corporate finance for North East Asia

256 reads

He will report to Mark Dowie, group head of corporate finance. Read ››

China warns banks anew on WMPs

228 reads

Orders banks to strengthen checks on underlying assets of Wealth Management Products. Read ››

Check out DBS' first-ever social media group buy campaign in Singapore

587 reads

Guess how much interest a three-month fixed deposit of SGD$350,000 had? Read ››

CIMB launches investment banking and brokerage business in Korea

237 reads

CIMB is the first ASEAN firm to be granted its brokerage license via application. Read ››