Markets
Commonwealth Bank to acquire 5% stake in Vietnam International Bank for $55m
This will increase Commonwealth’s stake to 20%, the maximum allowed for a foreign investor.
Commonwealth Bank to acquire 5% stake in Vietnam International Bank for $55m
This will increase Commonwealth’s stake to 20%, the maximum allowed for a foreign investor.
BoCom gets go signal to sell $4bn subordinated bonds
The lender kicked off the capital structure improvement process with a $3.9bn sale in July 2009.
China Merchants Bank secures regulator’s approval for CNY35bn rights issue
But the application process with the China Securities Regulatory Commission and the HKEx is still ongoing.
Philippine banks petitions to halt 20% bond tax enforcement
8 banks seek the country’s Supreme Court mandate to stop imposing the tax.
Woori Finance and RBS ink deal
The alliance will enable the South Korean lender to issue covered bonds.
Asia joins in on global uprising against Wall Street
Protestors rallied in Hong Kong and Tokyo in support of the Occupy Wall Street demonstrations that began last month in New York.
DBS beefs up debt issuance program to $15bn
The $5bn update seen to boost the program whose preceeds will be used to fund the bank’s general business.
Central Huijin buys China’s Big 4 stocks
The sovereign wealth fund’s support for state-owned banks spurred HKSE rally.
Woori Investment & Securities targets $510.3mn from rights issue
The company eyes selling 66.74mn new common shares at $7.70 each.
Vietnam allows banks to resume offshore gold trading
Five lenders will sell six tonnes of gold to help narrow the gap between domestic and international prices.
Three steps to winning the confidence game in Asia
Only 17 percent of Asian consumers expressed confidence in financial providers in Q2 based on the Corporate Executive Board’s (CEB) quarterly poll of...
Give the currency market some thought
You are probably exposed to it already even if you did not invest in it intentionally. From holding on to some Singaporean dollar for that weekend...
Chinese banks ditched by wary investors at signs of credit bust
The cheapest Chinese bank stocks may plunge further as the credit boom is showing signs of turning into a bust.
Banks worldwide set their sights on Asia
As it is predicted to become the dominant center for global trade flows over the next 12 months.
BIDV preparing IPO for Q4
BIDV chairman Tran Bac Ha revealed that his bank is preparing for an initial public offering in the fourth quarter of this year.
Moody’s says outlook for Vietnamese banks remain negative
It is concerned that the profitability and capital buffers of the banks will fall.
Chinese banks’ net profits surge 29% to an amazing $64.1b in 1H11
The Big-Four banks also disclosed that they made a total provision of $14.4b as of end 1H11.
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Banks should boost their online infrastructure as digital assets become the norm.
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