Investment Banking
CIMB and Deutsche Bank complete placement of 50m existing shares in Tenaga
CIMB and Deutsche Bank complete placement of 50m existing shares in Tenaga
That's 0.9% of its paid up share capital.
Citi trades first ever CNH/USD cross–currency swap transaction
Transaction will be effective in early July.
Standard Chartered launches first offshore RMB issuance in Singapore
StanChart is the sole lead manager.
ICBC executive appointed head of CIC
Li Xiaopeng heads China’s sovereign wealth fund with over US$410 billion in assets.
ICBC loses Goldman Sachs investment
US investment firm makes US$1.1 billion by selling remaining ICBC shares.
IMF warns China over fragile banks
Fears Chinese banks are incapable of withstanding multiple crises.
Japanese megabanks predict lower profits this year
Says monetary easing made loans less profitable.
PBOC closes WMP loophole
Loophole used by non-bank financial institutions to hide WMP risks.
Westpac hires more senior managers for Asian expansion
Continues to poach senior bankers from global competitors.
Philip Lee is Chief Country Officer, Singapore for Deutsche Bank
Lee is also appointed Vice Chairman, South East Asia effective from July 8.
3 areas of growth in investment banking in Singapore
Investment banking in Asia has been affected by weak earnings forecasts in the profits of targets (thus resulting in fewer large deals), increased...
Standard Chartered appoints Philip Tulk as conglomerates, hotels and gaming analyst
In a statement, Standard Chartered announced the appointment of Philip Tulk as Conglomerates, Hotels and Gaming Analyst. Philip is based in Hong Kong...
Why raising bank capital requirements will help the global economy
“Basel III” is familiar as the outcome of the financial crash of 2008. Western governments demanded almost instantaneous reaction to the bailout of...
Banks in Asia Pacific can reduce risk by embracing intra-day data
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...
CIMB Australia and Morgans to collaborate to manage equity capital markets
CIMB will also provide research reports.
Shadow banking still a negative credit issue for Chinese banks
Shadow banking products reached RMB21t in 2012.
BOC cuts business ties with North Korean bank
Foreign Trade Bank accused of funding North Korea’s missile and nuclear programs.
Commentary
Why high capital levels are a double-edged sword for Singapore banks