Singapore's Oversea-Chinese Banking Corp has made an offer to buy Wing Hang Bank for HK$38.428 billion ($4.95 billion).» Read More
Recent market chaos may have sparked a rate-hike trend among emerging markets, but this nation could buck the trend and stay pat for all of 2014.
China is set to return to the heyday of double-digit growth in 2014 driven by a revival in global demand, according to an investment strategist.
SINGAPORE/ HONG KONG, Nov 26- Singapore's DBS Group Holdings and ABN AMRO are among the suitors to place final bids for Societe Generale's Asia private bank, in a $400 million deal, as smaller players exit the region's competitive private banking business.
*SocGen's Asia private bank unit manages $13 bln. SINGAPORE/ HONG KONG, Nov 26- Singapore's DBS Group Holdings, ABN AMRO and Credit Suisse have submitted final round bids for Societe Generale's Asian private bank, which is being valued at around $400 million, people familiar with the matter said.
HONG KONG/ SINGAPORE, Nov 25- Several Asian and U.S. banks are working around new U.S. regulations on derivatives trading aimed at preventing a repeat of the 2008 financial crisis- moves that are legal but leave markets in the region exposed to a risky liquidity shortage, traders and bankers say.
SINGAPORE, Nov 22- The planned sale of Societe Generale's Asian private bank, for which final bids are due next week, underscores how high costs are pushing smaller players in the region to make hard decisions on whether to bulk up and or get out of the business.
The Federal Reserve's September surprise, which postponed tapering its asset purchases, dented otherwise solid earnings at two Singapore banks.
*China's AgBank does not have big presence outside China. Oct 23- Singapore's Oversea-Chinese Banking Corp Ltd has joined other suitors in weighing a bid for Wing Hang Bank Ltd, one of four Hong Kong family-run lenders well positioned as a gateway between mainland China and the wider world.
*Extends trend seen in New Zealand, China and Japan. SYDNEY/ SINGAPORE, Oct 23- Inflation fears heightened in Asia on Wednesday as price pressures in Australia intensified and as China's short-term interest rates shot higher on concerns the central bank may soon tighten liquidity.
Gold fell on Monday amid worries about a US government shutdown. It's is headed for its best quarter in a year but the overall outlook is weak.
Gold settled lower amid a lack of clarity over U.S. monetary and fiscal policy dented demand.
Gold settled lower on Friday, paring the rally it made after the Fed's surprise decision this week to maintain monetary stimulus.
Gold settled higher and hit one-week highs on Thursday after the Federal Reserve chose not to cut back on its asset-buying program for now.
Gold pushed above the key $1,400 psychological level on Monday to its highest in almost three months, putting the precious metal within striking distance of bull-market territory.
DBS posted a record quarterly profit, beating expectations, as higher fee and commission income offset a slight drop in income from its key lending business.
The CEO of OCBC, which posted a record profit on Friday, said the bank would focus on growing its offshore activities in Greater China as more Chinese firms look to expand overseas.
Oversea-Chinese Banking Corp, Singapore's second-biggest lender, posted a 12 percent jump in fourth quarter net profit due to a rise in fee income and a quadrupling of gains from its insurance unit.
Oct 12- The following table updates the assets and registered capital of banks in Vietnam, based on their latest published reports. Technological& Commercial Bank 12-11 180,531.2* 8,848. Petrolimex Group Bank 06-12 19,581.0 3,000.
*Set to rival Hong Kong and Taiwan* Yuan deposit-pool sets Singapore ahead of other centres By Kevin Lim and Michelle Chen.
SINGAPORE/ HONG KONG, Oct 10- Singapore has issued full banking licences to two Chinese lenders, moving it a step closer to getting a yuan-clearing bank that will let it compete more aggressively with Hong Kong in the growing market for yuan-denominated trades and financial products.