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Asia CFOs look closer to home for growth
02/22/2012
The findings build a detailed picture of the issues affecting those companies in the coming year and identify areas where growth and activity are most likely to be focused.
Citi in Asia Pacific sweeps best bank awards
02/22/2012
Citi in Asia Pacific was awarded best bank from leading industry trade magazines IFR Asia, FinanceAsia and The Asset for 2011 in their recently announced annual best bank awards.
High transaction fees and poor customer service from business banks frustrate entrepreneurs
02/21/2012
We got a hint of these concerns from another group of entrepreneurs we surveyed a while ago.
Rising Aussie bank costs 'impossible', says French bank
02/21/2012
Australia's major banks have lifted mortgage customers by between 6 and 10 basis point after the RBA shocked the market earlier this month by keeping the cash rate at 4.25 per cent.
Macquarie Pushes Harder into Asia, Americas
02/21/2012
The partnership includes investment banking services such as inbound and outbound M&A as well as equity capital markets transactions. In securities, the agreement provides for exclusive cooperation in institutional equity sales, co-branded research to
Top S'pore bank open to acquire Asia assets of EU banks
02/21/2012
While European lenders looking to sell Asian assets in recent months have approached the bank, he says the pricing has not been attractive.
Malaysians to pay £31m for RBS arm
02/20/2012
One source was quoted yesterday as saying: “The figure is less than $100m. From what I understand, it should be $50m.”
ANZ's margins in Asia improve
02/20/2012
Giving an overall cautious account of the bank's outlook, Chief Executive Mike Smith said the environment for banks globally has become significantly more challenging amid subdued demand for credit, higher funding costs and tighter regulation.
The Ten Countries With The Most Debt On The Planet
02/20/2012
he measures include dramatic cuts in pay, pensions and government services.
Japan slowly wakes up to doomsday debt risk
02/20/2012
Capital flight, soaring borrowing costs, tanking currency and stocks and a central bank forced to pump vast amounts of cash into local banks -- that is what Japan may have to contend with if it fails to tackle its snowballing debt.
OCBC posts 18% quarterly profit rise
02/19/2012
Net profit for the three months ended Dec. 31 rose to S$594 million from S$505 million, the bank said in a statement.
RBS opens China Desk in London
02/17/2012
Building on the similar blueprint that RBS established with the launch of their UK-based India Desk earlier this year, the China desk will offer expertise and guidance across the market, including regulatory insight and product support.
CIMB confirmed as buyer of RBS Australia equity business
02/17/2012
They cover cash equities, equity capital markets and mergers and acquisitions, all of which were recently flagged by Royal Bank of Scotland chief executive Stephen Hester as being set for either sale or closure as the majority-UK-Government-owned bank shr
Australia's Westpac Q1 misses forecasts, shares fall
02/17/2012
Westpac said challenging operating conditions had also contributed to a A$200 million decline in markets-related income during the quarter.
Looking beyond the Greek tragedy
02/17/2012
Central banks continue to ease policy and risk appetite amongst investors has increased. In the very near term however we remain somewhat wary that markets have rallied too strongly and that further profit taking and lower markets are quite possible.
Singapore's DBS tops forecasts with 8% profit rise
02/13/2012
Net profit for the three months ended Dec. 31 was S$731 million, up from S$678 million a year earlier. The figure was higher than the S$692.6 million estimated by a Dow Jones Newswires poll of five analysts.
Singapore banks seek exemption from US compliance rules
02/13/2012
The banks sent a letter to the US Treasury and the Internal Revenue Service last year to make their case.
ANZ primed for "aggressive expansion in Asia", says Barclays Capital
02/13/2012
As the WSJ has reported over the last few months, European banks that have traditionally been big lenders to corporates in Asia have steadily scaled back their lending as they retrench to their home markets and recapitalise their balance sheets.
Temasek sells ICICI Bank stake into India rally
02/10/2012
The open market sale, announced on Wednesday, came less than a week after U.S. private equity firms Carlyle Group and Warburg Pincus pared their stakes in two financial companies in deals worth $440 million.
Temasek to sells stake in top India bank
02/08/2012
Temasek held 39.83 million shares of ICICI Bank, or 3.46 percent, as of end-September, via its unit Allamanda, according to Thomson Reuters data.
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