News
Lone Star urges foreign investors to acquire KEB
Lone Star urges foreign investors to acquire KEB
US fund sent letters to investors in an effort to resume lender’s delayed sale. U.S. buyout fund Lone Star Funds has asked South Korean and overseas investors whether they are interested in buying a major stake in Korea Exchange Bank, kicking off initial steps to resume its stalled sale, financial authorities said Monday. According to the authorities and industry sources, Lone Star Funds sent letters to around 50 domestic and foreign investors last week to notify them of the sale and tap interest in the deal. The U.S. fund selected Credit Suisse on March 11 as lead manager for the sale of the 51.02 per cent stake in South Korea's fifth-largest lender. View the full story in Trading Markets.
India's ICICI, HDFC Bank to be treated foreign
RBI and other local banks appealed for government’s new policy on overseas investment but were rejected.
No Philippine bank big enough to fail
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SBI hires 18,000 to mutual fund sales force
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Bank Rakyat Indonesia 2009 net up 23%
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Global lender sees country as venue of exciting opportunities for local and international investors.
StanChart India to raise over $500mln via IDR
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