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  • September 17, 2014
  • Last updated: 3:56pm
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Results 1 - 10 of 14 for takeover

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  1. News - World - BANKING

    Ex-head of Spain's Caja Madrid accused over Florida bank takeover

    Posted May 19th 2013, 12:00am by AFP

    ... Agence France-Presse in Madrid Spanish banker accused of cashing in on takeover The former head of Spanish bank Caja Madrid became the first top banker to spend time in jail over alleged ... Spain's building boom and had to be merged after the bubble burst in 2008. The judge is investigating the takeover by Caja Madrid of the City National Bank of Florida, which was caught up ...

  2. Business - Banking & Finance - BANKING

    HSBC may quit South Korean retail banking sector

    Posted Nov 30th 2012, 12:00am by Bloomberg

    ... Bloomberg in Seoul Review of operations by UK bank comes after failure of takeover talks for KDB Financial HSBC may exit Korean retail sector HSBC Holdings is considering closing its South ... Hyonjin Suh, a Seoul-based HSBC spokeswoman, said in an e-mailed response to questions, declining to elaborate. The review follows a collapse of takeover talks with KDB Financial Group in July. ...

  3. Business - Money - BANKING

    Chong Hing Bank jumps as Liu’s exit sparks takeover speculation

    Posted Nov 29th 2012, 10:56am by Bloomberg

    ... Bloomberg Chong Hing Bank (1111.HK) shares gained the most since July 2010 as the appointment of a chief executive from outside the controlling shareholders’ family prompted speculation the lender may be sold. Chong Hing advanced 11 per cent, the biggest ...

  4. Business - Banking & Finance - BANKING

    OCBC unfazed by hedge fund's stakebuilding in Wing Hang Bank

    Posted Jul 11th 2014, 01:31am by BLOOM

    ... continue with the strategy because the value will still be realised as long as we own more than 50 per cent." Under Hong Kong takeover rules, OCBC needs to own at least 90 per cent of Wing ...

  5. Business - Banking & Finance - BANKING

    Sumitomo bid for bigger stake could be BEA's saviour

    Posted Nov 03rd 2012, 12:00am by Lulu Chen

    ... Lulu Chen lulu.chen@scmp.com Analysts say the Japanese lender's increased stake may help HK bank block hostile takeovers Sumitomo move could be BEA's saviour Japanese lender Sumitomo Mitsui's expected bigger stake in Bank of East Asia could help the Hong Kong family-controlled bank fend off hostile takeovers, analysts said. Bank of East Asia's share price ...

  6. 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

    ... Oversea-Chinese Banking Corp for a possible sale this month. Analysts are expecting a price of about twice book value. If the deal succeeds, it would be the second takeover of a local family-controlled ... EXECUTIVE ANZ has been looking to buy a local bank in Hong Kong for several years but failed to find one as all its takeover targets were "overpriced", Smith said. In 2009 the bank paid ...

  7. Business - Banking & Finance - BANKING

    UOB, ANZ may bid for Wing Hang Bank

    Posted Sep 29th 2013, 12:00am by Reuters

    ... Reuters Major Singapore, Australian lenders consider bidding for HK bank, sources say Wing Hang bank facing takeover, say reports Singapore's United Overseas Bank and Australia & ... Bank is the second family-run Hong Kong lender to receive a takeover offer since August. Chong Hing Bank said it had received offers from multiple parties, without naming them. A UOB spokesman ...

  8. Business - Banking & Finance - BANKING

    Taiwan’s Chinatrust in talks to buy Tokyo bank

    Posted Dec 30th 2012, 01:59pm by AFP

    ... Funds, Japan’s Shinsei Bank and France’s Credit Agricole – are due to examine the terms of the proposed takeover early next year, the Nikkei said. Chinatrust will make a final decision on the takeover price after examining the Tokyo bank’s assets. It has branches in Tokyo and other Asian cities and is looking to increase its international earnings through the takeover, the Nikkei said. ...

  9. Business - Banking & Finance - BANKING

    Top Chinese banker joins private equity

    Posted Nov 25th 2013, 10:23am by George Chen

    ... George Chen george.chen@scmp.com Former chairman of SDB teams up with old friend to head PAG's business in the country Top mainland banker joins private equity Xiao Suining is the latest top banker to move into private equity, a growing trend in the financial industry. The former chairman of Shenzhen Development Bank- which was renamed Ping An Bank following its takeover ...

  10. Business - Banking & Finance - BANKING

    20 per cent of top banks may shrink or merge, McKinsey says

    Posted Nov 08th 2013, 01:58am by BLOOM

    ... manner," it says. The industry might also improve returns through takeovers and mergers, as many of the 190 banks that had a return of equity below their cost of equity and were trading below book ...




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