| //29-06-2009 |
The world is currently reflecting on the various problems in the banking industry and China is no exception. During recent joint-stock reform, the Chinese banking industry made great efforts to introduce international strategic investors to learn the advanced techniques and management experience of overseas banks; however, some strategic investors have reduced their stakes in Chinese banks after the expiration of the lockup period
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| //29-06-2009 |
FinanceAsia, one of Asian's renowned finance media, recently released the results of the 2009 best bank selection, in which the award "Best Bank in China" was granted to ICBC, it is the fifth time that ICBC has won this honor since its participation in the selection.
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| //25-06-2009 |
JPMorgan Chase moved from fourth last year to first this year on The Banker magazine's list of the strongest banks globally. The annual rankings are based on the amount of Tier 1 capital the banks hold. Bank of America, Citigroup, Royal Bank of Scotland and HSBC round out the top five. Banks from China and Spain were the five most profitable financial institutions on the list
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| //25-06-2009 |
HSBC intends to make an offer to acquire from minority shareholders the remaining 6.14 per cent of Investsmart it does not currently own and to delist Investsmart shares from the Bombay Stock Exchange and the National Stock Exchange of India (the "delisting offer"). During 2008, HSBC acquired 93.86 per cent of IL&FS Investsmart Limited (Investsmart) through its subsidiaries HSBC Securities and Capital Markets (India) Private Limited and HSBC Violet Investments (Mauritius) Limited for a total consideration of INR1,396.3 crore.
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| //25-06-2009 |
World Brand Lab recently released the ranking of "500 Most Valuable Brands in China, 2009" and ICBC tops the ranking with the brand value for RMB 125.086 billions. It is reported that is the first time for the financial brands to lead the ranking since the birth of this selection.
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| //24-06-2009 |
Northam Platinum Holdings Ltd., operator of the world’s deepest platinum mine, rose after Bank of America Corp.-Merrill Lynch & Co. advised investors to buy the stock on the prospects of adding capacity at low cost.
Northam climbed as much as 5.18 rand, or 17 percent, to 34.88 rand, the biggest jump in intraday trading since Oct. 9, and traded up 4.5 percent at 31.03 rand as of 12:22 p.m. in Johannesburg. The brokerage resumed coverage of the stock with a “buy” rating and price estimate of 46 rand.
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| //24-06-2009 |
Saxo Bank, the online trading and investment specialist, is launching its first Commodity Contracts for Difference (CFDs), lowering barriers to trading the most liquid global commodities as demand for energy, agricultural and metals futures contracts grew 64.5% in 2008.
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| //24-06-2009 |
New Royal Bank of Scotland chief Stephen Hester is set to receive a 9.6 million pound ($15.8 million) pay package after the bank secured shareholder support for a new long-term incentives deal last week, according to a published report.
The package for Hester includes a 1.2 million pound salary, a projected 2 million pounds of annual non-cash bonus payments and nearly 6.4 million of long-term share and stock-option awards, the Financial Times reported.
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| //18-06-2009 |
As announced in UBS's first quarter 2009 report published on 5 May 2009, UBS has restated its annual report for 2008, including the financial statements and other information.
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| //18-06-2009 |
Recently American Reader's Digest has announced its 2009 survey results about the Trusted Brands in Mainland China. ICBC won the highest honor -- Platinum Award for the bank category for the first time.
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| //18-06-2009 |
HSBC Bank plc has sold its 49 per cent holding in HSBC Merchant Services LLP (HMS), the card processing joint venture that serves its UK business clients, to its partner in the venture, Global Payments Inc., for a consideration of US$307.7 million in cash.
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| //18-06-2009 |
Saxo Bank has purchased the entire share capital of Capital Four Management Fondsmæglerselskab A/S and 51 % of the share capital of Global Evolution Fondsmæglerselskab A/S. This is in line with its commercial strategy of developing the bank’s activities within the field of asset management. Its goal is to become a Nordic powerhouse within asset management.
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| //15-06-2009 |
On May 6th, ICBC International Holdings Limited ("ICBC International") obtained the license from the Hong Kong Securities and Futures Commission (SFC) to carry on Type 2 regulated activity, i.e., dealing in futures contracts. Prior to this, ICBC International's subsidiary investment company has obtained the licenses for Type 1 and Type 6 regulated activities.
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| //15-06-2009 |
Saxo Bank, the online trading and investment specialist, is launching its first Commodity Contracts for Difference (CFDs), lowering barriers to trading the most liquid global commodities as demand for energy, agricultural and metals futures contracts grew 64.5% in 2008.
Saxo Bank's Commodity CFDs will create greater access to energy, metal, soft commodity and grain markets as well as more flexibility. CFDs are available at smaller trade sizes and are more simply priced (per unit) than the equivalent futures contracts. Furthermore, CFD margin requirements will generally be lower than a future as traders will be able to gain more exposure for less.
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| //15-06-2009 |
To support the Shanghai municipal government's efforts in creating a global financial and shipping centre, Standard Chartered Bank (China) Limited ("Standard Chartered China") announced today that it has commenced work to issue Renminbi financial bonds ("RMB bonds") in China. Standard Chartered China is the first foreign bank announcing its plan to issue RMB bonds in Mainland China.
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| //15-06-2009 |
Applications for Neighbourhood Builders™ and Local Heroes Must be Submitted by 30 June 2009; These Awards Invest in Third Sector Sustainability and Leadership and Will Benefit Individuals and Organisations across London
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| //14-06-2009 |
The Hongkong and Shanghai Banking Corporation Limited, through its wholly-owned subsidiary of HSBC Asia Pacific Holdings (UK) Limited, has completed its acquisition of 88.89 per cent of PT Bank Ekonomi Raharja Tbk (Bank Ekonomi) for US$607.5 million in cash, paid in US dollars.
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| //01-06-2009 |
First day of every month all rating results are brought to naught. Starting a monthly rating from zero allows to identify a monthly winner and thus more objectively display the voters' oppinion. We rate banks by the actual number of votes. Monthly voting statistics can be found here.
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| //01-06-2009 |
Saxo Capital Markets, the online trading and investment specialist, and Kotak Securities, one of India’s leading stock broking houses, today announced the launch of Saxo’s global trading platform in India.
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| //22-05-2009 |
Morgan Stanley (NYSE: MS) and MSCI Inc. (NYSE: MXB) announced that Morgan Stanley's previously announced secondary offering of all of its remaining 27,708,653 shares of MSCI Inc. class A common stock, par value $0.01 per share, priced at $21.50 per share. MSCI Inc. will not receive any of the proceeds from the sale of the class A common stock.
"We are pleased to complete the separation of MSCI from Morgan Stanley, which we began in 2007," said John J. Mack, Chairman and CEO of Morgan Stanley. "As we said then, we believe this transaction will unlock value for Morgan Stanley's shareholders as well as release capital to redeploy into our core activities including institutional securities, asset management and global wealth management."
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