StanChart has reportedly been considering for disposing of risk weighted assets worth $4.4 billion in India, China, Indonesia and Malaysia. To be liquidated assets in India will worth around $1.4 billion following an internal classification of businesses with risk for default. The move is going to take place since the lender pares its balance sheet after booking record impairments.
German lender Commerzbank AG (CBKG.DE) is nearing agreement with U.S. authorities over its dealings with Iran and other countries under U.S. sanctions, sources familiar with the matter said.
President Xi Jinping and other Communist leaders to meet up for the third plenum of China.
Two of the most active banks in the Gulf region, Standard Chartered and Citigroup Inc have decided not to support Etisalat's loan for the acquisition of Maroc Telecom.
Societe Generale would sell its Asian financial unit priced around USD600 million, said sources that were cited in a Reuters report.
A research conducted by Savills Plc ranked Singapore as the best value city for foreign investment.
two sources told Reuters that Emirates would hire former Standard Chartered Plc's executive Manoj Chawla as its Chief Risk Officer.
Ramky Enviro Engineers acquired Enviropacific, the first of targeted acquisitions in Australia.