Investment Banking

Fitch: Japanese investment banks return to profit

Fitch: Japanese investment banks return to profit

Agency still cautious as Europe's sovereign credit crisis can pull down anemic growth of Japanese lenders.

New CIMB product offers dual income returns

Dual Income Insurance Plan enables customers to earn from the range accrual of KLIBOR, and equities indices of developed nations.

ANZ expands wealth management services in Japan

ANZ launched a new sub-branch in Nagoya to provide more convenient wealth management services to  Japan’s major metropolitan centres.

OCBC sells equity fund sans upfront charges

Some analysts see the unprecedented move will be followed by other players.

ICICI Venture mulls launching $500mln infrastructure fund

Lender joins other private firms to fund India's $1tln infra projects between 2012 and 2017.

OSK-UOB introduces $31mln fund for Privilege Banking clients

OSK-UOB Flexible China Solutions provides opportunities to tap the Chinese market for a minimum of $3,115 investment.

HSBC launches new investment solution for unit trusts

FundMax enables unlimited transactions and switching between funds for a single monthly fee.

DBS mulls adding hundreds of wealth management staff

Lender wants bigger share of private banking market as 23% quarterly profit rise disappoints.

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.