MHT and MidSpan Banks form MHT MidSpan Bank
The two banks for middle market advisory services have merged to provide a wider range of portfolio services to its clientele.
Merchant banks
Sebi upgrading surveillance for CommExes
India's securities market regulator Sebi is upgrading and strengthening its surveillance system on commodity exchanges (CommExes). Recently, Sebi has barred 16 commodity trading members from trading for manipulating castor seed futures. National Commodity & Derivatives Exchange (NCDEX) is also enhancing and strengthening surveillance system for commodity exchanges in the country.
Wall Street gains prop up stocks in Asia, Australia
Encouraging gains on Wall Street were propelling up stocks in Asia and Australia. Barring Hang Kong and Japan, all the major market benchmark indices in Asia and Australia, rose...
Argentina to issue $15-bln bonds, returns to credit markets
Argentina is planning to issue $15-bilion bonds making it the largest sum by any developing nation since 1996. Country's new President Mauricio Macri-led government will use funds mobilized through bo..
Zheshang Bank Co. Postpones Gauging Demand for $1 Billion Hong Kong IPO
Due to some investors' difficulty in transferring their cash out of mainland China, Zheshang Bank has decided to postpone their $1 billion Hong Kong IPO...
Latest News
UAE banking rules criticized, government revision soon to come out
With vigorous criticism of the rules on banking exposure related to government related debt, the UAE central bank was forced to review the rules and study on how to lessen its harsh effects.
Norway's financial regulator requires 'too big to fail' tag on eight banks
Eight banks were identified as 'too big to fail' by the Norwegian financial regulatory authority.
UBS AG and Credit Suisse Group AG may need to downsize with higher ratios
With Switzerland requiring higher capital ratios, banks may be hard pressed to continue with their normal operations according to JPMorgan Chase analysts.
JPMorgan hiring practices under review
JPMorgan Chase hiring practices now being reviewed by US, British and Hong Kong regulatory authorities.
Blackstone Group agrees on stake purchase of China-based shopping mall developer
Blackstone Group would be buying a 40% stake in Chinese shopping mall operator SCP Co.
US Fed Reserve require stress tests on banks
Several banks required to undergo Fed Reserve stress tests to determine capacity of capital cushions on hypothetical adverse conditions.
Fairfax having difficulty in funding for Blackberry offer - sources
Fairfax Financial Holdings Ltd had until November 4 to negotiate a definitive agreement to buy out Blackberry Ltd.
National Bank of Abu Dhabi set to expand internationally
NBAD Group CEO Alex Thursby identified seven highly urbanized cities where the bank would set up its operations.
Banks expecting ECB rate cut
More than seven banks are changing projecting that the European Central Bank would cut its interest rates after its meeting this November.
