SINGAPORE/HONG KONG (Reuters) - Royal Bank of Canada and Credit Suisse are among the suitors seeking to bid for the non-U.S. wealth management businesses of Bank of America Merrill Lynch , sources told Reuters, in a deal that could be worth around $2 billion.
Royal Bank of Canada and Credit Suisse are among the suitors seeking to bid for the non-U.S. wealth management businesses of Bank of America Merrill Lynch , sources told Reuters, in a deal that could be ...
SINGAPORE/HONG KONG: ICICI Prudential Life Insurance is set to hire Bank of America Merrill Lynch and ICICI Securities for its planned $600 million to $700 million initial public offering (IPO), IFR reported on Friday citing two sources close to the plans. Other banks are likely to join the syndicate for the IPO that is expected in the current financial year ending March 31, IFR, a Thomson Reuters publication, reported.
TORONTO — Canada’s banks are shaking off a bit of the stable-but-staid reputation they built by dodging the worst of the global financial crisis as they embrace new technologies to reach an increasingly tech savvy audience.
In doing so, the country’s Big Six banks seek to woo younger clients at a time when their retail growth is starting to slow.
Bank of Nova Scotia, for instance, launched a new app for Samsung’s Gear 2 and Gear S smartwatches on Monday that allows clients to check their account balances by just swiping a finger across the screens on their wrists.
HONG KONG/SINGAPORE (Reuters) - McDonald's Corp has received more than half a dozen bids for its planned sale of China and Hong Kong stores, including offers from Beijing Tourism Group, Sanpower and ChemChina in a deal worth about $3 billion, people familiar with the matter told Reuters.
HONG KONG (Reuters) - Macquarie Group , U.S.-based Principal Financial Group and Singapore's United Overseas Bank are among suitors that have submitted bids for ING's Asian asset management business in a deal that may be worth around $500 million to $600 million, said sources familiar with the matter. ING is selling its Asian asset management and insurance businesses in a roughly $7 billion deal to help repay the state bailout it received after the largest Dutch financial services company almost collapsed during the 2008 global crisis. ...