S-E Asian banks edge out global rivals in regional share sales
Maybank, DBS and CIMB figure in top five arrangers while Credit Suisse heads the list
Singapore
SOUTH-EAST Asian banks are overtaking some of the biggest international securities firms in managing regional stock sales, capitalising on corporate banking relationships and bigger balance sheets to win deals.
Malayan Banking, DBS Group Holdings and CIMB Group Holdings beat all rivals except Credit Suisse Group for the biggest shares of South-east Asia's US$24.1 billion of equity and equity-linked deals last year, data compiled by Bloomberg show.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Banking & Finance
UBS weighs synthetic risk transfer amid capital boost proposals
Money laundering accused Zhang Ruijin slapped with 5 more charges days before scheduled guilty plea
Japanese yen slides back towards 34-year low after brief spike
China’s Bank of Communications Q1 profit rises 1.44%
HSBC’s private bank shuts independent asset management business in HK, Singapore
Nomura Q4 net profit jumps almost eight-fold on retail income surge