Investment Banking

National Australia Bank mulls defying regulator on Axa

NAB disagrees on ACCC’s ruling on competition issue and undertakes changes to pursue its US$13bln bid. National Australia Bank is considering...

National Australia Bank mulls defying regulator on Axa

NAB disagrees on ACCC’s ruling on competition issue and undertakes changes to pursue its US$13bln bid. National Australia Bank is considering...

China’s Agricultural Bank selects IPO underwriters

Chinese and foreign firms constitutes group of underwriters that handles much-awaited $20mln plus stock offering.

DBS hires Morgan Stanley banker Tan Su Shan

Tan joins DBS as Managing Director and Head of Private Banking, succeeding DBS Hong Kong CEO Amy Yip.

StanChart India to raise over $500mln via IDR

IDR listing will allow lender to build brand and develop business in India.

KB Financial replaces 3 outside directors

Move part of government-initiated reform to separate the board of directors of finance companies from management. KB Financial Group replaced three...

Union Bank partners with Belgian KBC Asset Management

Parties will invest $67mln for new mutual fund business targeted to launch in Q4 2010.

RHB Investment Bank launches DMA Equity on Bursa Malaysia

The Corporate and Investment Banking arm of the RHB Banking Group is the first Malaysian broker to be DMA-ready when it started the service back in...

Commonwealth beefs up equity business with new hires

2 ex-Merrill Lynch professionals appointment was prompted by lender's successful hiring of 16 people from rivals.   

Morgan Stanley board approves China bank stake divestment

US bank just awaits China regulator's approval to complete sale of 34.3% stake in CICC.

ANZ declines AMP's US$3.6bln stake sale offer

Bank preferred to focus on integrating ING and ‘organic growth’.

Maybank Singapore offers equity-linked structured deposit

Blue Skies Structured Deposit's US$7,094 minimum initial investment can yield maturity payout of 10%.

Bank of Communications plans raising $3.7bln

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.

Bocom International to raise $500M for China private-equity fund

Bocom International is seeking to raise as much as $500 million in its first private-equity fund focusing on Hong Kong and China.

China Exim Bank to receive Central Huijin funding

Central Huijin plans to inject $7.32bln to the lender and China Export & Credit Insurance Corp.

StanChart to hire 500 in HK for wealth management

Standard Chartered said it is planning to hire 500 more employees this year for its wealth management business in Hong Kong in time for Asia's wealth...

BoCom shares dip after news on rights offer

Following a newspaper article saying the lender may raise more than 20 billion yuan, or $2.9 billion, in a rights offer, Bank of Communications Co...