NAB sale of MLC Asia businesses complete
(10 May 2006 – Hong Kong/Indonesia) National Australia Bank has completed the sale of its MLC life insurance businesses in Hong Kong and Indonesia to AXA Asia Pacific […]
(10 May 2006 – Hong Kong/Indonesia) National Australia Bank has completed the sale of its MLC life insurance businesses in Hong Kong and Indonesia to AXA Asia Pacific […]
(8 May 2006 – Australia) National Australia Bank has sold its Custom Fleet business to GE Commercial Finance for A$550 million.The Custom Fleet business operates in Australia, New […]
(2 May 2006 – China) A consortium headed by Goldman Sachs has bought an 8.89 percent stake in Industrial and Commercial Bank of China (ICBC).Goldman Sachs paid ICBC, […]
(7 April 2006 – Australia) Investec Bank Australia has announced it will acquire NM Rothschild & Sons Australia.Investec is a South African headquartered investment bank which bought Australian […]
(6 April 2006 – USA) The Federal Reserve Bank of New York has lifted Citigroup’s year long ban from mergers, saying the bank had made significant progress in […]
(4 April 2006 – South Korea) South Korea’s Kookmin Bank has purchased a 64.6 percent stake in larger rival Korea Exchange Bank (KEB) for US$6.6 billion.Kookmin is South […]
(29 March 2006 – Europe) Citigroup is reportedly in pole position to acquire Turkey’s Finansbank from under the noses of rival Bank of Greece.Finansbank is Turkey’s fifth largest […]
(28 March 2006 – Singapore) Singapore’s Temasek Holdings has bought a 12 percent stake in Standard Chartered Bank from Malaysia’s Khoo family.The Khoo family is Standard Chartered’s largest […]
(22 March 2006 – Vietnam) Singaporean bank OCBC is set to take a 10 percent stake in Vietnam’s Joint Stock Commercial Bank for S$25 million.OCBC joins foreign banks […]
(15 March 2006 – Taiwan) Singapore’s Temasek Holdings is set to take a 15 percent stake in a Taiwanese financial company despite current uncertainty in Taiwan’s banking industry.Temasek […]