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MBK seeks takeover of partial KEB stake
MBK seeks takeover of partial KEB stake
Deal between MBK and Lone Star relies on what ANZ plans to do.
KB chief mulls downsizing 10% of workforce
Senior employees about to retire will be encouraged to take early retirement compensation package.
Korea to offer $6.16bln Woori stake late October
Government to Woori stake as it may use divestment to create a dominant financial holding company.
Bank of China to strike deal with 4 Taiwan banks
MOUs to likely pave way for future direct yuan settlements between BOC and Taiwanese lenders.
HSBC China Dragon Fund gets approval for repurchase mandate renewal
Chinese equity fund aims to point out hidden opportunities in fast-growing economy with daily trading convenience.
Korean bank secures $262mln syndicated loan in Taiwan
17 participating banks were higher than what Kexim expected in fund raising initiative in Taiwan.
DBS targets 20-30% assets growth in major Asia markets
Lender expects to expand S$35bln private banking opertions by adding China, Indonesia, and India market.
Mandiri to offer $1.6bln rights issue in 2011
Date of launching to depend on BNI's rights issue offering scheduled at end of the year. Bank Madiri, Indonesia’s largest bank by asset value, said...
State Bank of India to issue $226mln bonds
15 year upper Tier II can be sold 9% and 10-year lower Tier II 8.75%.
Stanchart on hunt for employees for SME operations
Lender aims to beef up workforce by adding 1,200 as it plans to double SME clients.
KEB union to back ANZ bid with conditions
Prefers financial services provider as major shareholder if firm can keep KEB’s identity and job security.
India government taps SBI for $11bln infrastructure fund
Government enforces measures on improving nation’s infrastructure after ranking 89th in Global Competitiveness Index.
ANZ seen to bid for entire KEB stake
Nomura “would be surprised” if ANZ is not considering making takeover bid after lender raises $1.6mln.
Siam Commercial assists SMEs in locating funds
Private equity funds' search for SMEs and latter's financing needs prompts SCB to act as middleman.
SBI employees lag in bringing in business
$1.41mln average business brought by each employee below industry average despite above average salary expenses.
Korean lenders to post better third quarter earnings
Banks' income fall hit by massive reserves related to corporate overhauls and distressed property loans.
ICICI Investment Management raises $1mln from domestic investors
ICICI susidiary targets growth capital investments in the sub-Rs 1 crore category in mid-market companies, it added.
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