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  • August 2, 2014
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  1. Business - Banking & Finance - BANKING

    Standard Chartered braced for more gloom

    Posted Jun 28th 2014, 01:09am by DON WEINLAND

    ... banking business had been based on infrastructure finance in Asia, especially in markets such as China and India. As the mainland Chinese economy cooled and local debt soared, its demand for new ...

  2. Business - Banking & Finance - BANKING

    ICBC mulls bid for Pioneer to extend global reach in asset management

    Posted Apr 03rd 2014, 05:16am by Reuters

    ... in the Asia-Pacific for Citi Securities and Fund Services. Media reports have indicated that UniCredit plans to list or sell Pioneer, which operates in 27 countries including India and Singapore. The bank ...

  3. Business - Banking & Finance - BANKING

    Standard Chartered net profit declines 17pc

    Posted Mar 05th 2014, 06:51pm by KANIS LI

    ... in India and South Korea. "Whether it can rebound in this year hinges on the volume growth in trade, wealth management and small and medium-sized enterprise businesses." Sands said 2013 ...

  4. Business - Banking & Finance - BANKING

    Despite its regional ambitions, ANZ finds banks in Hong Kong too pricey to purchase

    Posted Jan 14th 2014, 10:46am by KANIS LI

    ... have been cutting back their operations after the momentum of market growth slowed in the West and some Asian countries, such as India, South Korea and Indonesia. Last week, emerging ...

  5. Business - Banking & Finance - BANKING

    Barclays under fire over African tax haven promotion

    Posted Nov 25th 2013, 03:52am by GDN

    ... The Guardian UK lender hails Mauritius as 'offshore financial centre of choice for India, sub-Saharan region' Barclays under fire over African tax haven promotion Barclays has ... of choice for India and the sub-Saharan region" and the "established gateway for investment into Africa and Asia". Mauritius is known for its secrecy, negligible corporate tax rates ...

  6. Business - Banking & Finance - BANKING

    HSBC pledges tax haven cutback at annual meeting

    Posted May 25th 2013, 12:00am by KANIS LI

    ... in its operations in India, France and Germany, Flint said the bank had put more resources into improving its standards globally. He declined to comment on specific regions. Shareholders used ...

  7. Business - Banking & Finance - BANKING

    China unlikely to challenge Japan's sway in Asian Development Bank

    Posted Apr 05th 2013, 12:00am by JANE CAI

    ... the ADB after Haruhiko Kuroda stepped down to lead the Bank of Japan. Japan hopes the election will be completed before the bank's annual meeting in India in May, before newly installed ... Last week, China pledged to co-found and contribute to a new BRICS development bank to bankroll growth in the emerging world with Brazil, Russia, India and South Africa. The move is widely ...

  8. Business - Banking & Finance - BANKING

    StanChart raises dividends, cuts back on top bonuses

    Posted Mar 05th 2013, 11:49am by KANIS LI

    ... But profit in the Americas, Britain, Europe and India fell. Standard Chartered's core Tier 1 capital ratio stood at 11.7 per cent for last year, down 1 basis point from 2011. Benjamin Hung ...

  9. Business - Banking & Finance - BANKING

    Citigroup cuts 11,000 jobs as Corbat tackles revenue slump

    Posted Dec 06th 2012, 08:12am by Bloomberg

    ... and subsidiaries. Pandit began boosting staff as he recruited talent for investment banking and trading while adding branches and staff in Asian nations such as China and India and in Latin America. ... ahead of JPMorgan Chase. Pandit, originally from Nagpur, India, sought to boost revenue from developing markets as the US and Europe slowed. “In fast-growing emerging markets where standing ...

  10. Business - Banking & Finance - BANKING

    Malaysian bank uses RBS assets to grow in Asia

    Posted Nov 27th 2012, 12:00am by George Chen, Ray Chan

    ... Kong and the mainland, India and Taiwan, as well as two equities distribution divisions in New York and London. CIMB surprised the financial industry with the acquisition, beating bidders ...




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