Standard Chartered to buy Korea First Bank for 3.3 bln dollars
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Standard Chartered is to expand its foothold in Asia with a deal to buy Korea First Bank for 3.3 billion dollars (2.5 billion euros) in cash, reportedly outbidding rival HSBC.
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Singapore's state-linked investment firm Temasek Holdings has raised its stake in Standard Chartered to 19 percent, a notice posted on the bank's website said.
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TORONTO (CP) - TD Bank confirmed Thursday it will buy mid-sized New England retail bank Banknorth for $3.8 billion US in a cash-and-shares deal.
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HSBC Holdings Plc, Europe&#39;s biggest bank by market value, and Standard Chartered Plc are vying for control of Korea First Bank after neither of the UK-based lenders could agree a price with its biggest shareholder.
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CSC has a distinguished history in IT, and its latest deal comes to $3.73 billion.
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HSBC Holdings is in talks to buy Korea First Bank from its controlling shareholder, Newbridge Capital.
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A consortium led by Standard Chartered PLC won the bidding for a majority stake in PT Bank Permata, agreeing to pay US$300 million (euros 244 million) for control of Indonesia&#39;s seventh-largest lender, Finance Minister Boediono said Friday.
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Britain's FirstGroup Plc  said on Friday it was buying U.S. firm Laidlaw International Inc. , which operates the iconic intercity Greyhound buses, in a $3.6 billion deal.
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By Channel NewsAsia&#39;s Hong Kong Correspondent Roland Lim. HONG KONG : Standard Chartered Bank has named a new chief executive officer for its Hong Kong operations.
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Global banking giant HSBC said Monday it had agreed to buy a majority stake in South Korea&#39;s Korea Exchange Bank from US private equity fund Lone Star for about 6.3 billion US dollars (4.6 billion euros) in cash.
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Global banking giant HSBC said Monday it had agreed to buy a majority stake in South Korea&#39;s Korea Exchange Bank from US private equity fund Lone Star for about 6.3 billion dollars (4.6 billion euros) in cash.
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HONG KONG HSBC Holdings and Standard Chartered have received licenses to conduct local-currency business with Chinese companies in Beijing, the first overseas banks to gain greater access to the nation&#39;s capital.
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The country's third-largest bank flexes its muscles.
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After a two-month search for a buyer, the National Australia Bank announced Tuesday that the Danske Bank Group of Denmark, one of Scandinavia&#39;s largest banks, would acquire
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HSBC Holdings , Europe's biggest  bank, is acquiring The Chinese Bank Co. in Taiwan and will  provide it with additional capital of between $300 million and  $400 million, it said on Friday.
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LONDON/SEOUL  - HSBC  has agreed to buy a 51 percent stake in Korea Exchange Bank (KEB)  from U.S. private equity firm Lone Star for about $6.3 billion in cash to boost its profile in Asia's third-largest banking market.
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HSBC Holdings PLC is in seeking to gain controlling interest in Korea First Bank, according to a published report. Free! Sign up here to receive our Midday Market Report e-Newsletter!