Search

Investment Banking News

ICBC loses Goldman Sachs investment

35 reads

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

IMF warns China over fragile banks

59 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

51 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

57 reads

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

Westpac hires more senior managers for Asian expansion

85 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

52 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
245 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

38 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
104 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
169 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

49 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

42 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

24 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
443 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
199 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

76 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

76 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

70 reads

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

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

61 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

95 reads

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

CIMB begins investment banking in India

137 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

134 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

158 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

207 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

156 reads

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

China warns banks anew on WMPs

163 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

497 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

169 reads

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

These are the 4 key drivers for China's rapid WMP market expansion

297 reads

Bank-issued wealth management products have a four-year CAGR of 72%. Read ››

Why China's planned railway operation restructuring is a boon for banks

251 reads

Chinese banks hold a large portion of the RMB759 billion of bonds. Read ››

Masayoshi Amamiya retained at BOJ

402 reads

Mastermind of Japan’s quantitative easing to continue drafting monetary policy. Read ››

Meet BNP Paribas Real Estate's 3 new senior appointees in Asia

463 reads

Mark Kumarasinhe joins as Managing Director of North Asia. According to a release, as part of its international development plan, BNP Paribas Real Estate has launched two Asian platforms in Hong Kong and Singapore with the aim of attracting Asian investment into the European property markets. Read ››

Check out how Citi facilitated the largest QFI investment in India

215 reads

It was worth around USD 111 million. In a statement, Citi India announced it acted as a Qualified Depository Participant (QDP), custodian as well as the execution broker for an investment made by Sanlam, one of South Africa’s largest financial services groups, through the Qualified Foreign Investor (QFI) scheme. Read ››

Standard Chartered appoints Jeremy Amias as global head of investor coverage

538 reads

Jeremy joined the bank on March 1 and is based in Hong Kong. Read ››

China to expand asset-backed securities businesses

240 reads

Will lower threshold to allow securities companies to do this. Read ››

IFC unveils new financial instrument for RMB internationalization

237 reads

Find out what IFC's Global Discount Note Program is about. Read ››

Barclays appoints Anand Ramachandran as head of ASEAN equity research

562 reads

He will report to Jon Scoffin, Head of Research - Asia Pacific. Read ››

Asia Pacific's wealth management sector mired in massive challenges

Fran Thompson
BY FRAN THOMPSON
331 reads

Asia Pacific has overtaken North America for the first time as the region with the highest number of high net worth individuals (HNWI), 3.37 million in 2011, according to the latest World Wealth Report, jointly published by RBC Wealth Management and Capgemini, and this figure is set on an upward trend. Read ››

The impact of fragmentation and complexity on AsiaPac banks

Madalene Soon
BY MADALENE SOON
463 reads

Banks across Asia Pacific continue to wrestle with issues surrounding corporate actions processing. Read ››

BNP Paribas aims to grow investment banking revenues in Asia to over 3b euros by 2016

156 reads

It's a compounded annualised growth rate on the order of 12%. Read ››