GIC set to hold on to stakes in western banks
Wednesday, April 30th, 2008Government of Singapore Investment Corp set to retain holdings in lenders such as UBS for up to 30 years
Government of Singapore Investment Corp set to retain holdings in lenders such as UBS for up to 30 years
The financial services group is launching an equity offering aimed at bolstering its balance sheet and capitalising on investor appetite for battered banking stocks
A report by the regulator on how long-term savings products such as private pensions are sold lays out plans for a radical overhaul of the financial advice industry
Andrei Kostin, president of VTB, Russia’s second largest bank, urged the government to use part of its national wealth to provide longer term funding for the banking sector
China’s three largest banks reported huge profit jumps in the first quarter in what may mark a peak in earnings this year as government measures to curb loan growth and tackle inflation start to bite
The top audit firms point to the scale of the changes to the profession as they dispute claims that their domination could have distorted the market and pushed up prices
Flotations by buy-out companies outstripped other types of initial public offerings by 9% and the overall London stock market by 20% in their first year of trading