Investment Banking
Nomura setting up fourth banking division
Nomura setting up fourth banking division
Regulatory authorities likely guided it to set up a separate banking division.
Nomura Securities establishes Sustainable Innovation Investment Scheme
It will provide financial advice and financial services to support transition and innovation.
Nomura withdraws from Net-Zero Banking Alliance
MUFG and Mizuho remains signatories.
Weekly Global News Wrap: Piraeus buys 90% of Ethniki Insurance; BBVA SA seeks double CIB revenue
And the world’s leading climate coalition seeks new members as it overhauls rules
StanChart’s Elayne Ho takes on new challenges each year to succeed
She cites the importance of surrounding herself with female role models.
Citi appoints Rob Chan as head of ECM Syndicate for Asia
Chan has been with Citi for 22 years.
Crédit Agricole CIB names new APAC head of int’l trade & transaction banking
Christophe Crétot is most recently head of corporate & leverage finance APAC.
Nomura’s profitability, earnings stability strengthen through 2025
Enhanced risk management will reduce risk of losses and earnings volatility.
Enhanced bourse appeal may lift Singapore’s investment banking space
Efforts to reform the stock market could also benefit wealth management income.
Taiwan proposes amendments to securities regulations
Amongst changes include a capital requirement of NT$100m for dealers.
South Korea’s corporate financing through issuances up 28.5% in January
IPO proceeds tripled, but rights offerings plunged during the month.
Norinchukin names new CEO, establishes new senior director roles
Its research and asset management leaders are nominated as Director and Senior Managing Officers.
HSBC’s profits rise in FY2024; total dividend is $0.87
The fourth interim dividend is $0.36 per share.
Citi appoints Christie Chang as CEO for Taiwan
She succeeds Aftab Ahmed, who retires after 50 years with Citi.
BNP Paribas net income rises 4.1% to $12b in FY 2024
Revenues during the period saw $50.78b.
UBS net earnings dwindles to $5.1b in FY 2024, revenues up globally
Asia operations pencilled a profit before tax of $271m
Malaysia fines AmBank for investment transaction breaches
AmBank failed to obtain approval for the transactions, the BNM said.
Commentary
Young Malaysians, big money mistakes: What’s going wrong with Islamic financial behaviour?