Agricultural Bank of China Ltd, the country's third-largest lender, raised $10.5 billion when it priced its Hong Kong initial public offering at the middle of its original range, a source with direct said on Tuesday.
Agricultural Bank of China, the country's No.3 bank by assets, has closed the books on its dual Hong Kong and Shanghai share sale and is on track to raise around $20 billion in what could be the world's largest ever IPO.
Agricultural Bank of China, the country's No.3 bank by assets, is set to price its dual Hong Kong and Shanghai IPO late on Tuesday, determining whether it will become world's largest ever share offer.
A burst of corporate acquisition activity in Asia shows that executives throughout the region are gaining confidence in their financial outlook and expansion strategy, with cross-border deals on the upswing.
HSBC's executive pay policy got a grudging green light on Friday, along with a stinging rebuke from one of its top investors, as Europe's biggest bank said it was bracing for further economic shocks.
Some 20 European banks agreed to reimburse non-U.S. investors for $15.5 billion of losses from convicted swindler Bernard Madoff's Ponzi scheme, but some Swiss lenders remain holdouts, a lawyer for victims said.
Most of Prudential's investors are comfortable with its bid for AIG's Asian life unit AIA, its chairman said, moving to dispel fears shareholders may baulk at the $35.5 billion cost of the deal.
HSBC has no plans to change its management structure, the investment bank's Chief Executive Michael Geoghegan told CNBC television on Monday.
Dubai World's restructuring plan is very fair and could be signed by lenders in coming weeks, a senior executive at one of its major bank creditors said on Monday.
Thomas Cook , Europe's second-biggest travel firm, said on Friday it had raised over $1 billion through new sterling and euro bond issues with the proceeds to be used for general corporate purposes.
Greek banks are being hit by a wave of redemptions as rich citizens and companies look to move their money to big global banks or offshore as the country's debt crisis rages, the Telegraph newspaper reported on its website.
The Bank of Japan loosened monetary policy on Wednesday in a split vote that suggested the central bank would struggle in the future to meet government demands for easier monetary conditions.
It's early days, but speculation is already building that HSBC may participate in the auction for a $3.9 billion stake in Korea Exchange Bank , South Korea's sixth-largest lender.
The revelation that an ex-employee of HSBC Holdings Plc stole tens of thousands of its Swiss accounts is likely to give U.S. tax authorities fresh clues in their pursuit of wealthy tax cheats abroad.
HSBC announced Thursday the data of 15,000 global clients with accounts with its Swiss private-banking arm HSBC Holding PLC has been stolen.
HSBC , Europe's biggest bank, said a theft of data by a former employee affected up to 24,000 Swiss client accounts, dealing a hefty blow to the reputation of its private bank.
Lone Star plans to resume selling a $3.9 billion majority stake in Korea Exchange Bank, KEB said, in what would rank as South Korea's biggest banking deal to date.
Asian banks including DBS Group have been invited to help underwrite Prudential's $20 billion rights issue.
HSBC Holdings missed expectations with a $7 billion annual profit after bad debts rose and risked a public backlash by paying three investment bankers over 9 million pounds ($13.7 million) each.
HSBC Holdings missed expectations with a $7.1 billion annual pretax profit as accounting losses masked record investment bank earnings and a late year slowdown in bad debts at its troubled U.S. business.
Britain's Prudential Plc plans to do a rights offering of about $20 billion to finance a $35.5 billion purchase of American International Group's Asian life insurance unit, a source familiar with the situation said on Sunday.
The chief executives of HSBC Holdings , Europe's biggest bank, and Asia-focused rival Standard Chartered are set to give their bonuses to charity, newspapers reported on Sunday, following a high-profile row over the sums paid to bankers.