Tag: bank

China's banks will need to raise large amounts of capital this year to continue their aggressive lending and still meet the regulators' capital adequacy requirements. Royal Bank of Scotland recruits former Macquarie corporate financier Sean Cho to lead its Korean investment banking business. ICICI, India's biggest private sector bank, defies poor markets and issues a $750 million five-year bond. Nice guys can come second. Participants in the secondary market for distressed debt assess the environment. Christopher Todd Burgess will head up the newly formed international desk and run the external asset manager business. Korea's Export-Import Bank taps wealth management demand for record Swiss franc bond deal. A team of special situations and distressed experts hops from Deutsche Bank to Pacific Alliance. The final price will allow the owner of Korea's Kookmin Bank to raise $907 million when the subscription opens on Wednesday. Citi’s restructuring is both a change in direction and a return to simplicity, but some perceive it may be too little, too late for the current management. The fully underwritten deal, which was launched at a fixed 9.7% discount to the latest market price, drew significant demand and was increased by 50%. Banks are increasingly reluctant to issue new letters of credit as price swings cause orders to be cancelled and prompt some buyers to renege on contracts. The bailout of Gulf Bank by the Kuwaiti government is not grounds for investor worry in the Middle East, says analyst. The lead managers are forced to contribute $350 million, despite the controlling shareholders underwriting 50% of the issue. Malaysia’s central bank tells the country’s biggest lender to cut the offer price or cancel its bid for Bank Internasional Indonesia. China’s largest inbound M&A deal this year sees Coca-Cola shell out $2.4 billion to strengthen its position in China's growing juice market. The Pakistani bank is the first to benefit from a joint funding initiative set up by JPMorgan and IFC to boost trade activities and ease the liquidity strain in the region. The German bank plans to sell shares on the Saudi stock exchange following a relaxation of foreign-ownership rules. The company's majority-owner Temasek may re-launch the offer in September after failing to reach agreement with bondholders over the debt-swap. Dairy products company PT Frisian Flag Indonesia will use Deutsche Bank's automated web-enabled trade payable financing solution to help with the financing needs of its smaller ... HSBC appoints Manny Narciso as head of global payments and cash management in Vietnam and hires Patricia Olbes to run the business in the Philippines.