Tag: banks

Cash

Chinese banks target SMEs with new treasury offerings

Competition among China’s banks is set to rise as demand for cash management from local SMEs increases.

By Jonathan Wong | 9 March 2010

Equities

China Merchants Bank sets rights issue price

The country’s fifth-largest lender offers its shares at an average discount of 44.4% to the theoretical ex-rights price of its A- and H-shares.

By Lillian Liu | 3 March 2010

View Point

China to expect uninterrupted but more balanced growth in 2010

As regulators in China endeavour to control bank lending, 2010 will be a year of balanced growth for China, says J.P. Morgan's Jing Ulrich.

By Winnie Tang | 2 March 2010

People Moves

HSBC names Anita Fung head of global banking and markets

The newly created role will also put Fung in charge of the asset management business in the region. Gordon French will take over as head of global markets.

By Anette Jönsson | 26 January 2010

Corporate

Tech spending at Chinese banks continues to increase

Chinese bank spending on technology will reach $11.3 billion by 2011, says Celent.

By Edward Russell | 4 January 2010

Equities

KDIC sells 7% of Woori after placement is upsized

The state agency, which holds Woori shares on behalf of the government, raises $745 million from the sale.

By Anette Jönsson | 24 November 2009

Equities

Minsheng Bank raises $3.89 billion in largest Asian IPO this year

The Chinese lender becomes more attractive as valuations for other banks improve. Meanwhile, Sany Heavy Equipment prices its offering at the top of the range for a total deal ...

By Anette Jönsson | 20 November 2009

Equities

Minsheng Bank seeks up to $4 billion from Hong Kong listing

The price range straddles the current A-share price, while offering a discount versus most other Chinese banks listed in Hong Kong.

By Anette Jönsson | 9 November 2009

Equities

Pre-marketing starts for Las Vegas Sands and Minsheng Bank

Targeting a combined $5 billion, the two high-profile deals are coming to market at a time when the global equity markets are again starting to look more challenging.

By Anette Jönsson | 2 November 2009

Debt

Bank of East Asia raises $500 million via hybrid tier-1 deal

The offering, made up of perpetual callable notes with a step-up coupon and preference shares, marks the first bank capital deal in Asia in 12 months.

By Anette Jönsson | 30 October 2009

Equities

Nomura raises $4.4 billion from second share sale this year

After a difficult start as investors baulk at the repeat issuance and the size of the transaction, the deal attracts orders for about five times the number of shares on offer.

By Anette Jönsson | 6 October 2009

M&A

ICBC in bid to acquire Thailand's ACL Bank

ICBC, mainland China's largest lender by market capitalisation, agrees to pay up to $545 million for Thailand's ACL Bank and launches its first-ever tender offer.

By Sameera Anand | 2 October 2009

Business Moves

HSBC group CEO Michael Geoghegan to move to Hong Kong

HSBC group CEO Michael Geoghegan will relocate to Hong Kong and become chairman of the Asia business in February – a move the bank says reaffirms its commitment to the region.

By Sameera Anand | 29 September 2009

Equities

India's Axis Bank boosts capital with $720 million QIP/GDR sale

Axis upsizes the fixed-price deal from an initial target of $600 million to become the second largest follow-on in Asia this year.

By Anette Jönsson | 21 September 2009

Equities

KB Financial Group's rights issue 98.45% subscribed

KB Financial Group, the owner of Kookmin Bank, raises $914 million from the rights issue after the underwriters pick up $9 million worth of stock that wasn't subscribed for.

By Anette Jönsson | 1 September 2009

View Point

Rapid loan growth puts Chinese banks at risk

Aggressive loan growth could significantly stretch the banks' newly developed risk management systems, and the quality of new loans is expected to be inferior to the quality of ...

By Qiang Liao, Ryan Tsang | 23 July 2009

Equities

Mizuho strengthens capital, raises $5.50 billion

Yet another Japanese mega-bank succeeds in raising capital, despite a bumpy ride.

By Dan Slater | 17 July 2009

People Moves

Former UTI Bank CEO Nayak to join Advent

In advance of opening a full-fledged India office, financial sponsor Advent appoints P J Nayak, previously with UTI and Axis, as an operating partner.

By Sameera Anand | 17 July 2009

Equities

KB Financial switches bookrunners for rights issue

BoA-Merrill Lynch, Citi, Credit Suisse and J.P. Morgan lose their mandate for the $1.6 billion deal. The operator of Korea's Kookmin Bank hires Goldman Sachs and Morgan Stanley ...

By Anette Jönsson | 30 June 2009

Equities

Minsheng bank names bookrunner line-up for IPO

The Shanghai-listed lender mandates BOCI, CICC and Macquarie to arrange its upcoming Hong Kong listing alongside UBS.

By Anette Jönsson | 26 June 2009

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