News

Fitch sees another dull year for Japanese banks

Agency expects no immediate change in ratings as lenders' profitability expected to remain weak in FY2011.

Fitch sees another dull year for Japanese banks

Agency expects no immediate change in ratings as lenders' profitability expected to remain weak in FY2011.

MBK Partners eyes bidding for KEB stakes

Reports say company in initial stage of negotiation to acquire 51% KEB stake amounting $3.6bln.

HSBC plans selling private equity units

British bank HSBC is in talks that could lead to five separate management buyouts of its private equity fund management businesses as banks go back to focusing on core operations.

NAB quits competition for RBS branches

Source said Australian lender leaves Banco Santander in race due to concerns on market conditions.

China regulator to study Agricultural Bank's IPO bid

Lender aims to replenish capital as banks could face losses if debts not repaid.

ANZ says it didn’t bid for KEB stake

Lender belied reports saying lender joined StanChart in bidding for Lone Star's 51% KEB stake.

Moody’s: Hurdles remain for Japanese banks

Japanese banks have overcome the stress scenario in 2008 but still has low operating profits relative to balance sheets.

Analysts debate on next KB Financial chair's qualification

Discussion revolves on whether next chair needs to have strong government connections or not.

HSBC Amanah forecasts strong Asian sukuk sales

Region’s share in $1tln Islamic finance industry expected to increase amidst European and Dubai credit crises.

China Minsheng gains approval for subordinated bonds offering

The $849mln bonds issuance is expected to realise 12% capital adequacy.

Fitch downgrades select Taiwan financial institutions' hybrid ratings

Companies failed to maintain outstanding debt issues performance as measured by Fitch’s revised hybrid notching criteria.

Bank of China set to release convertible bond

Subscriptions for $5.9bln issue beginning on Wednesday is part of fundraising wave by Chinese banks.

AXA grants NAB extension to win regulator’s nod

Exclusivity agreement prevents AXA from seeking bids from other banks for 6 weeks.

BEA's China unit eyes issuing yuan bonds

China regulator’s approval would give BEA license to sell $732bln worth of bonds.

RBS upgrades Asian investment banking with key appointments

Appointments of 4 RBS high calibre heads aimed to provide world class banking in region.

StanChart earns $540mln from India sale

Lender had $210mln shortfall from targeted $750mln behind new India rule and European debt crisis.

Moody upgrades RHB’s financial strength rating to Positive

Net interest margin improvement, more comfortable loan-to-deposit ratio, healthier capital adequacy, and management stability boosted ratings.