MUFG chief plans to ramp up assets in U.S. and Asia
TOKYO - Mitsubishi UFJ Financial Group plans to ramp up asset acquisitions in the United States and Asia, including acquisitions of local banks, its new head said, as Japanese lenders accelerate their overseas push to make up for falling spread margins at home.
Found 1 month ago on channel Reuters
Prudential fined for failed bid for AIG's Asia arm
LONDON -- Britain's financial services regulator has fined insurer Prudential PLC 30 million pounds ($45.5 million) and censured its chief executive, over the company's handling of a failed bid to acquire rival the Asian subsidiary of American International Group in 2010....
Leaning on the wrong people
Asia Pacific private equity seems to be coming out in a litigious rash. In Australia and New Zealand, units of Japanese beverages giant Asahi Group, Asahi Holdings Australia and Independent Liquor New Zealand, have reportedly brought suits in the Australian Federal Court against leading regional buyout firms Pacific Equity Partners and Unitas Capital over the sale of local brewing asset Independent Liquor, alleging misrepresentation of the earnings of the asset when it was sold in 2011.
Sharing the common philanthropic DNA
Gerald Leong, partner and founder of Point Hope Group, and former head of origination at UBS Capital Southeast Asia, gives his view of the current private equity market from the perspective of his firm, which focuses on control buyouts of mid-sized businesses in Southeast Asia, South Korea, Greater China and selected other opportunities, from offices in Singapore and Seoul.
Mizuho hunting for banking assets in Asia, U.S
TOKYO - Mizuho Financial Group Inc , Japan's second-largest lender by assets, is looking to further expand overseas by acquiring either an Asian investment bank or a U.S. commercial bank over the next three years.
Found more than 1 month ago on channel Reuters