Investment Banking
China Construction Bank Corp loses ties with Bank of America
China Construction Bank Corp loses ties with Bank of America
BofA will sell its remaining 10.4 billion CCB shares to private investors this month.
Public Bank to invest in Malaysian growth stocks
Public Bank will invest in a diversified portfolio of primarily local equities to achieve capital growth over the medium- to long-term period through...
Asian banks rely on block deals to revive equity capital markets
There have been three block deals worth more than $2b in the past week.
Japanese banks to buy assets in the euro zone
With more than $6 billion in spare cash, why not?
Alireza departs Goldman after 19 years
Yusuf Alireza is leaving Goldman Sachs after 19 years with the company.
DBS to offer banking services at all SingPost outlets
The partnership will nearly double DBS’ number of banking outlets to 140.
Goldman Sachs to sell $1.1b shares in Industrial & Commercial Bank of China
This is Goldman’s third sale of its ICBC stock since 2006.
Mandiri investment banking unit expands in Australia
Mandiri Manajemen Investasi will continue to expand the amount of overseas funds in the $2.2 billion that it manages.
Ambank launches AmConstant Multi Maturity 2
AmInvestment Bank Group has launched a four-year close-ended fund that caters to investors looking for regular income and capital preservation.
How banks can mitigate against deal failures in new senior IB hires
Despite a lack of confidence in US and European markets and economic activity, Asia remains a relatively positive environment for investment banks...
AXA and Bank Mandiri acquires general insurance business
AXA and Bank Mandiri will own 40% and 60% respectively in this start-up joint venture operation of Asuransi Dharma Bangsa.
CIMB-TrustCapital Singapore acquires 850 Collins Street in Melbourne
850 Collins Street is an A-grade commercial office building that is currently under construction and is scheduled for completion in October 2012.
OCBC and LionGlobal to launch new unit trust
The LionGlobal New Target Return Fund has an investment time frame of five years.
HSBC appoints Henry Hou as head of Energy Solutions Sales
Before joining HSBC, Hou served in a number of roles at China's State Administration of Foreign Exchange for 11 years.
HSBC launches insurance business in Beijing
HSBC Life’s bancassurance business handles insurance portfolios with an average case size of RMB100,000.
AsiaPac banks gear up for Basel III
Standard & Poor’s says most Asian banks won’t find it difficult to comply with Basel III’s new capital requirements.
Morgan Stanley raises investment banking compensation to $5.74b
Morgan Stanley still increased its compensation by 8% despite the division's poor performance.
Commentary
Young Malaysians, big money mistakes: What’s going wrong with Islamic financial behaviour?