Banking industry
China's state-owned commercial banks are open to private investors, despite claims that they exclude private funds from strategic investments. According to Tang Shuangning, vice-chairman of the China Banking Regulatory Commission (CBRC), state-owned banks have never restricted the entry of private funds and private investors can hold shares of
Banking industry
Vertex, a subsidiary of United Utilities, has secured a significant contract worth at least £45m with Deutsche Bank to provide mortgage services to the bank's customers. The five-year deal will see Vertex set up a new base at Chester Business Park, creating up to 120 new jobs, in
Banking industry
The European CDO market is experiencing significant growth, with year-to-date issuance volumes up by more than 100% compared to the same period last year. Ten European CDOs were issued in February alone, bringing the 2006 total to 6.6 billion euros ($7.87 billion). Analysts at Deutsche Bank attribute this
Banking industry
N. M. Rothschild & Sons is advising the supervisory board and executive board of Dutch media company VNU on its $8.9 billion sale to a group of buyout firms, while Wachtell, Lipton, Rosen & Katz serves as legal counsel. Meanwhile, Goldman Sachs is advising Public Storage on its $3.
Banking industry
Chordiant Software, Inc. has announced that its Chairman, Sam Spadafora, will present at the Deutsche Bank Securities 2006 Technology Conference on March 14, 2006, at the Mandarin Oriental Hotel in Miami, Florida. The presentation will be available via an audio Webcast, which can be accessed live from the company'
Banking industry
A significant outbreak of avian influenza in Europe could have far-reaching consequences for various industries, prompting investors to reassess their portfolios. Deutsche Bank's report highlights the potential winners and losers, with real estate companies, health care providers, and telecommunications firms expected to perform well in a pandemic scenario.
Banking industry
Ball Corp. has secured a commitment from JPMorgan and Deutsche Bank for $500 million in senior secured financing to support its acquisition of US Can Corp.'s US and Argentinean operations. The acquisition terms include the issuance of 1.1 million shares of Ball's stock and the
Banking industry
Industry chamber FICCI has pressed the Commerce Ministry to address market access barriers in services such as banking, IT, and health in developed countries, including the US, EU, and Gulf Cooperation Council, and Southeast Asian nations like Thailand, Malaysia, and the Philippines. The submission is aimed at facilitating the export
Banking industry
China's banking sector is facing an intense consolidation wave, with weaker players struggling to compete with larger institutions. Smaller banks with weak financial profiles, a lack of a niche market, or a clear advantage are likely to be snapped up by their stronger peers, according to Standard &
Banking industry
China's State-owned enterprises (SOEs) are embracing annuity systems to secure their employees' retirements. The Ministry of Labour and Social Security has granted annuity licenses to China Everbright Bank, Bank of China, and PICC Property and Casualty Company Ltd, marking a significant trend shift towards non-statutory pension plans.
Banking industry
Despite a recent negative credit rating outlook from Moody's Investor Service, the Philippine government remains committed to its economic blueprint and continues to work towards improving its revenue base and reducing debt levels. Press Secretary Ignacio R. Bunye said that the government takes the mixed outlook as a
Banking industry
Digital River, a global leader in e-commerce outsourcing, announced that Bob Kleiber, vice president of investor relations, will present at the Deutsche Bank Securities Small Cap Growth Conference on February 17, 2006. The company's business strategy will be discussed, and a live webcast and replay will be available
