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    GE considering future of its 33 pc stake in Bank of Ayudhya: sources

    Posted Sep 17th 2012, 02:46pm

    ... elections in July 2011 are seen as the factors luring foreign banks to the Southeast Asian economy. GE’s review of the Bank of Ayudhya stake comes as ING Groep explores the sale of its 31 per cent holding in Thailand’s TMB Bank, valued at around US$756 million. ING, which is selling assets to help repay a 2008 rescue by the Dutch government, has also hired an investment bank to help find ...

  2. ING offers a package of qualified advice

    Posted Oct 30th 2007, 12:00am by Bernard Wan

    ... who will use our service,' said Kathryn Dioth, chief executive of ING Platform Services, diamond sponsor of this year's SCMP/IFPHK Financial Planner Awards. ING Platform Services ... to Hong Kong's growing financial adviser community. Matthew Williams, head of sales and marketing of ING Platform Services, said: 'We are going to see a group of qualified financial ...

  3. News - World - BANKING

    Iceland wins case over failure of Landsbanki

    Posted Jan 29th 2013, 12:00am by BLOOM

    ... is binding. In 2008, Iceland refused to cover US$5.4 billion in guarantees to 350,000 UK and Dutch citizens who opened savings accounts at Landsbanki, one of three major banks to fail during ... the UK and Dutch governments covered the guarantees. Landsbanki collapsed in October 2008 with the rest of Iceland's debt-laden banking industry. The EFTA authority argued Iceland ...

  4. Let's give bad bankers a venue to admit their sins

    Posted Jul 25th 2012, 12:00am

    ... to remain in business, but there ought to be limits to the kind of money it handles. The bank is not alone, as Wachovia and ING have both been fined for Mexican, Iranian or Cuban irregularities. ... daily is reasonably sure it does this task well: so it empowers banks to exchange currencies according to a standard. It was Barclays that first hit the headlines for its apparent efforts ...

  5. Business - Banking & Finance - BANKING

    Former RBS China chief financial officer questioned by police

    Posted Sep 21st 2012, 12:00am by Daniel Ren

    ... Amro from 2003 before assuming the same post at RBS after the British bank's acquisition of its Dutch rival in 2007. On the mainland, a lack of efficient oversight has made it easier ... Daniel Ren in Shanghai ren.wei@scmp.com Former RBS China official questioned by police A former chief financial officer with the Royal Bank of Scotland's China operations was recently ...

  6. Scepticism a key commodity for high-end market players

    Posted Sep 27th 2009, 12:00am by Kate Watson

    ... Kate Watson Private banks and wealth managers have seen their asset values and those of their high-net-worth clients plummet because of the global financial turmoil. It has forced them to change the way they invest and make them more risk averse. Investors and private banks are now working closely to preserve capital rather than maximise returns. According to Nitin Dialdas, senior ...

  7. Business - Banking & Finance

    Swiss upper house backs US tax deal to protect banks

    Posted Jun 13th 2013, 11:14am by Reuters

    ... Reuters in Zurich Switzerland cleared the first hurdle towards ending a long-running US tax probe after one chamber of lawmakers voted to allow banks to sidestep strict secrecy laws to end ... trillion) in assets. But that haven has come under fire as other countries have sought to plug budget deficits by clamping down on tax evasion, with authorities probing Swiss banks in Germany ...

  8. Business - Banking & Finance

    Societe Generale earnings halve

    Posted May 07th 2013, 02:54pm by Bloomberg

    ... Bloomberg in Paris France's No 2 bank steps up cost cuts after result weighed down by accounting charges Societe Generale earnings dive 50pc Societe Generale, France's second-largest bank, said first-quarter profit dropped 50 per cent, hurt by accounting charges related to its own debt. Net income fell to €364 million (HK$3.7 billion) from €732 million a year earlier, ...

  9. Business - Banking & Finance

    France defends banking reform

    Posted Dec 20th 2012, 12:23pm by AFP

    ... Agence France-Presse in Paris France has introduced a long awaited bank reform bill and dismissed criticism that the measures fell short of campaign promises by French President Francois ... the deposits of savers.” But critics said the measures either put too big a strain on banks already saddled with new regulations, or failed to free the heavily indebted French state from the fate ...

  10. Business - Banking & Finance

    Chong Hing Bank surges to 6-year high on takeover hopes

    Posted Nov 30th 2012, 02:39pm by Bloomberg

    ... Bloomberg Chong Hing Bank Limited shares surged the most in almost six years after the appointment of a chief executive officer from outside the controlling shareholders’ family fuelled ... Lit-chi will step down after more than 50 years at the bank when his deputy, Lau Wai-man, gets approval from regulators to take over, the lender said on November 28. Family- owned banks in Hong ...




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