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2012-02-21 09:26:34

Daiwa SB Investments Ltd.’s Australian bond fund is poised to overtake Kokusai Global Sovereign Open as Asia’s biggest mutual fund this year, bolstered by demand for the nation’s short-term yields that are higher than those of riskier long-term bonds.
 

2012-02-21 09:25:51

UBS AG’s (UBSN) decision to become first- confessor as regulators probe the alleged manipulation of interest rates will ratchet up the risks for other banks that set the benchmark for $360 trillion of securities worldwide.
 

2012-02-21 09:24:59

European governments moved toward a second rescue of Greece, calculating that the 130 billion-euro ($172 billion) cost of a fresh bailout is a price worth paying to prevent a default that could shatter the euro area.
 

2012-02-15 09:07:07

Capital One Financial Corp. (COF)’s planned purchase of ING Groep NV (INGA)’s U.S. online bank won approval from the Federal Reserve, clearing the way for the credit-card lender to add about $80 billion in deposits.
 

2012-02-15 09:05:34

An ex-Citigroup Inc. (C) executive accused in a probe by Japanese regulators of suspected interest- rate manipulation denied wrongdoing and said authorities never questioned him before they issued findings.
 

2012-02-15 09:04:50

JPMorgan Chase & Co., Deutsche Bank AG (DBK) and HSBC Holdings Plc (HSBA) are among at least seven firms facing a Canadian probe into whether they participated in a conspiracy to manipulate prices on interest-rate derivatives.
 

2012-02-15 09:04:04

Global regulators have exposed flaws in banks’ internal controls that may have allowed traders to manipulate interest rates around the world, two people with knowledge of the probe said.
 

2012-02-14 11:20:27

Goldman Sachs Group Inc. (086790) sold its entire 3.9 percent stake in Hana Financial Group Inc. for 372 billion won ($331 million), exiting its seven-year investment in the South Korean bank.
 

2012-02-14 11:19:44

Macquarie Group Ltd. (MQG), Australia’s biggest investment bank, cut about 10 percent of its investment banking workforce in Asia last week, two people with knowledge of the departures said.
 

2012-02-14 11:18:55

Foreign banks in Japan may resume hiring this year to advise local clients taking advantage of the stronger yen to acquire companies abroad, while cutting jobs for other investment banking services, a recruitment firm said.
 

2012-02-14 11:18:14

The world’s largest banks demanded a wish list of changes to a proposed U.S. ban on proprietary trading, seeking to escalate the lobbying effort against the Volcker rule five months before it takes effect.
 

2012-02-13 10:07:01

Scottish Widows Investment Partnership bought shares of U.S. banks and consumer-related companies on signs the world’s largest economy will sustain its recovery as Europe struggles to contain a debt crisis.
 

2012-02-13 10:04:22

The fallout of Denmark’s house price collapse is spreading through Danske Bank A/S (DANSKE)’s loan book as the country’s biggest lender watches losses grow at its retail unit, said outgoing Chief Executive Officer Peter Straarup.
 

2012-02-13 09:56:15

China’s eastern city of Wuhu suspended a decision to ease property curbs three days after its announcement, in a move that underscores the nation’s determination to cool prices.
 

2012-02-13 09:55:08

Australian home-loan approvals jumped in December by the most in seven months and exceeded economists’ forecasts as buyers responded to central bank interest-rate reductions.
 

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