Trade Finance
Banks in Singapore warned against illegitimate funds
Banks in Singapore warned against illegitimate funds
Singapore alerted banks from the risk of receiving assets of tax evaders or the proceeds of criminal activities.
Bladex picks Mizuho and Chang Hwa to arrange $165mn syndicated refinance
Mizuho has also arranged a number of other cross-border syndicated loans for its clients in the Americas last year.
SBI seen to suspend rights issue $654.16mn capital infusion
India was not in favour of fund raising via rights issue since it would entail additional expenditure for the government.
CCB targets raising $12.5bn in CNY bond sale
Borrowing costs for CNY denominated debt were “substantially lower” in Hong Kong than in China.
ANZ plans raising $786mn in convertible preference shares
The shares, considered tier 1 capital under Basel III reforms, are eyed to carry an annual margin of 3.1%-3.3%.
China gives nod to 5 foreign banks for bond market
PBOC allowed foreign institutions to trade in its interbank bond market to widen the channels for offshore Renminbi to flow back into China.
Muthoot Finance to expand in West Bengal from 50 to 100 branches
Muthoot Group will open 50 branches in West Bengal by March 2012.
Maybank offers $671.7mn subordinated notes
The notes were given a long term rating of AA1 by RAM Rating Services.
ICBC Macau offers precious metal trading
ICBC Macau drew the experience from domestic branches and launched the service of trading precious metal via accounts in order to meet the...
BPI subsidiary posts $14.9bn total assets under management
The company’s largest product in terms of valuation is mutual funds’ assets reached $1.08bn.
HSBC Amanah Inks MoU With ITFC
HSBC Amanah Malaysia Bhd tapped Islamic Development Bank's International Islamic Trade Finance Corporation's expertise to implement its Shariah...
Techcombank to serve $175M transport project
Techcombank has beedn assigned by the State Bank of Vietnam to serve the urban transport development project in Hai Phong City funded by World Bank.
Vietnamese banks receive record financing from IFC
International Finance Corporation has loaned a record US$505 million to Vietnamese banks for the fiscal year 2011.
Mizuho eyeing 20% stake in Vietcombank
Mizuho Financial Group Inc. is in final talks to buy a stake in Vietcombank for as much as ¥60 billion.
South Korea wealth fund targets broadening investments options
Korea Investment Corporation seeks to diversify investment options by tapping commodities and private equity markets.
Vietnamese banks seeking foreign partners
After wrapping up the deal on selling 10 percent of stakes to the International Financial Corporation IFC, Vietinbank continues to issue more shares...
Korea warns against banks' big dividend payouts
South Korea's Financial Supervisory Services put the brakes on local financial groups' moves to dole out substantial amounts of dividends to their...
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1. Tighter fintech watch likely after Chocolate Finance fallout 2. Singapore banks’ dividends to weather economic and global trade woes 3. UOB widens sustainable financing access for SMEs 4. YouTrip launches MYR wallet and offers free weekend shuttle service 5. HSBC China unveils wealth centre in HangzhouResource Center
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Nearly 8 in 10 MSMEs still face barriers to accessing loans, an expert said.
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Why high capital levels are a double-edged sword for Singapore banks