Tuesday, 23 July 2019

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  • UOB resets AT1 benchmark

    UOB resets AT1 benchmark

    United Overseas Bank returned to the Singapore dollar market in style on Wednesday, selling S$750m (US$535m) of perpetual non-call seven securities at 3.58% – the lowest yield on record for a Basel III-compliant Additional Tier 1 issue in Singapore.

  • Japan’s lending woes deepen

    Japan’s lending woes deepen

    Japanese banks will continue to target more complex financings and overseas loans to boost profitability, as a looming US rate cut is expected to extend the country’s negative interest rate policy.

  • Megabank bonds find ample demand

    Megabank bonds find ample demand

    Japan’s megabanks found ample demand when they came to the offshore bond market, printing US$13.75bn of paper last week.

  • High-flying Grounds to leave UBS

    High-flying Grounds to leave UBS

    UBS is bidding farewell to its Australian star banker Matthew Grounds, who is leaving the Swiss giant after a stellar 25-year career including 11 years as CEO for Australia and New Zealand.

  • UBS: New private capital markets unit

    UBS is creating a dedicated private capital markets group to service pre-IPO companies, connecting its high-net-worth client base to private alternatives.

  • Free float plan goes down badly

    Free float plan goes down badly

    Investors and corporate leaders have poured cold water on the Indian government’s proposal to raise the minimum free float requirement for all listed companies, warning of a liquidity flood and loss of executive control.

  • Fu resigns from China Citic

    Frederick Fu, general manager for real estate finance at China Citic Bank International, has resigned after more than a decade at the bank and is currently on gardening leave.

  • Citi sign

    Citigroup hires Teo for Asia resources

    Citigroup has named James Teo head of natural resources investment banking for Asia following the retirement of Jason Johnson.

  • ANZ, Citi and Deutsche cartel case heads for 'bigger courtroom'

    Aussie cartel case heads for 'bigger courtroom'

    A criminal cartel case against Australia and New Zealand Banking Group and the local units of Citigroup and Deutsche Bank was adjourned last Tuesday for further legal arguments ahead of a possible trial.

  • India plans US$10bn bank recap, help for shadow lenders

    India plans US$10bn bank recap

    The Indian government on July 5 announced a fresh capital infusion of about US$10bn into debt-burdened state banks and credit guarantees to support shadow lenders in a bid to boost lending and revive the economy.