News
BoCom slashes rights issue plan by 20%
BoCom slashes rights issue plan by 20%
Downsizing to $4.8bln from $6.14bln may prompt AgBank to lower its $30bln target.
NAB acquires TierOne Bank of Nebraska
$76mln deal will add 69 US branches to NAB's US network and $2.2bln in new deposits.
More foreign banks eager to enter India
Possible easing on banking regulation encourages up to 8 foreign lenders to establish unit.
Fitch sees another dull year for Japanese banks
Agency expects no immediate change in ratings as lenders' profitability expected to remain weak in FY2011.
MBK Partners eyes bidding for KEB stakes
Reports say company in initial stage of negotiation to acquire 51% KEB stake amounting $3.6bln.
HSBC plans selling private equity units
British bank HSBC is in talks that could lead to five separate management buyouts of its private equity fund management businesses as banks go back to focusing on core operations.
NAB quits competition for RBS branches
Source said Australian lender leaves Banco Santander in race due to concerns on market conditions.
China regulator to study Agricultural Bank's IPO bid
Lender aims to replenish capital as banks could face losses if debts not repaid.
ANZ says it didn’t bid for KEB stake
Lender belied reports saying lender joined StanChart in bidding for Lone Star's 51% KEB stake.
Moody’s: Hurdles remain for Japanese banks
Japanese banks have overcome the stress scenario in 2008 but still has low operating profits relative to balance sheets.
Analysts debate on next KB Financial chair's qualification
Discussion revolves on whether next chair needs to have strong government connections or not.
HSBC Amanah forecasts strong Asian sukuk sales
Region’s share in $1tln Islamic finance industry expected to increase amidst European and Dubai credit crises.
China Minsheng gains approval for subordinated bonds offering
The $849mln bonds issuance is expected to realise 12% capital adequacy.
Fitch downgrades select Taiwan financial institutions' hybrid ratings
Companies failed to maintain outstanding debt issues performance as measured by Fitch’s revised hybrid notching criteria.
Bank of China set to release convertible bond
Subscriptions for $5.9bln issue beginning on Wednesday is part of fundraising wave by Chinese banks.
AXA grants NAB extension to win regulator’s nod
Exclusivity agreement prevents AXA from seeking bids from other banks for 6 weeks.
BEA's China unit eyes issuing yuan bonds
China regulator’s approval would give BEA license to sell $732bln worth of bonds.
Commentary
The Asian connection: China's path to sustainable growth