Finance

Former SAC Capital Asia Head to Join Dymon Hedge Fund

2012-04-17 12:25:19

Dymon Asia Capital (Singapore) Pte, the best-performing large hedge fund in Asia last year, hired Jay Luo, former head of SAC Capital Advisors LP’s Asia-Pacific operations, allowing Dymon’s founder to focus on investing.

Opera’s Premiere CMBS Default Tests Creditors: Mortgages

2012-04-17 12:24:21

Europe’s first commercial mortgage- backed securities to default on maturity are the focus of competing proposals today as creditors seek to recover some of the about 600 million euros ($788 million) they’re owed.

Citigroup May Wait for Capital Plan on Dividend, Buybacks

2012-04-17 12:22:56

Citigroup Inc. (C), the bank that’s been paying a 1-cent quarterly dividend since last year, may wait until it submits a 2013 capital plan to the Federal Reserve before seeking approval to boost the payout or buy back shares.

Greece’s Lazard Banker Unlocks Deals Over Secret Meetings

2012-04-17 12:20:14

The world of Michele Lamarche, one of Lazard Ltd. (LAZ)’s top advisers to Greece on its debt restructuring, is full of meetings that never happened, officially at least.

Swedish Banks Get No Capital Respite as Recession Looms

2012-04-16 09:06:49

Sweden’s banks are unlikely to get any respite on a government plan to impose stricter capital rules at home than in the rest of the world even as the nation teeters on the brink of a recession.

Oversea-Chinese Banking Corp. (OCBC)’s Samuel Tsien, who became chief executive officer of Southeast Asia’s second-largest lender yesterday, aims to boost the company’s revenue from China and Indonesia.

2012-04-16 09:05:08

“We can create a better presence there, we can do more business there, and we can achieve a high level of performance in those markets,” Tsien, who took over as CEO from David Conner, said in an interview. He declined to comment on what proportion of revenue he’s targeting from the countries or a timeframe.

Hong Kong Takeovers Loom Large With Banks Lending Yuan

2012-04-16 09:03:56

As Hong Kong establishes itself as a hub for offshore trade and investment in China’s currency, the city’s family-owned banks can be acquired at some of the lowest valuations since the global financial crisis.

Goldman Sachs Said to Raise $2.5 Billion in ICBC Sale

2012-04-16 09:02:26

Goldman Sachs Group Inc. (GS) is selling a $2.5 billion stake in Industrial & Commercial Bank of China (601398) Ltd., said two people with knowledge of the matter.

Temasek President Lee Sues to Shut Primus Over Rent Dues

2012-04-11 10:26:30

Lee Theng Kiat, president of Temasek Holdings Pte (TMSK), sued the Singapore unit of Primus Pacific Partners Ltd. (PPPTLZ), a Hong Kong-based private-equity firm, seeking to shutter the unit for failing to pay rent on a bungalow.

Goldman Dealmaker Zaoui Retires From Firm After 24 Years

2012-04-11 10:25:52

Yoel Zaoui, named co-head of global mergers and acquisitions at Goldman Sachs Group Inc. (GS) less than a year ago, is leaving after 24 years at the bank, the eighth management committee member to depart in 12 months.

Carlyle Is Said to Seek Value of Up to $8 Billion in IPO

2012-04-11 10:25:16

Carlyle Group, the second-biggest U.S. private-equity firm, will seek a valuation of $7.5 billion to $8 billion in its initial public offering, according to people with knowledge of its plans.

Shadow Banks on Trial as China’s Rich Sister Faces Death

2012-04-11 10:24:09

When a Chinese court sentenced 28- year-old Wu Ying, known as “Rich Sister,” to death for taking $55.7 million from investors without paying them back, it sparked an unexpected firestorm that has drawn in China’s top leadership.

Evan Greenberg Says Businesses Face Regulatory ‘Assault’

2012-04-10 08:21:07

Ace Ltd. (ACE) Chairman and Chief Executive Officer Evan Greenberg said regulators in the U.S. and Europe are stymieing private-sector growth as he expands the Swiss insurer’s operations in Asia and Latin America.

Bernanke Sees Need for More Curbs on Shadow Banking

2012-04-10 08:20:21

Federal Reserve Chairman Ben S. Bernanke called on regulators to stem risks from “shadow banking” operating beyond traditional oversight and favored steps to promote the “resiliency” of money market funds.

Ally Dismisses 33 as Broker-Dealer Ends Mortgage Activity

2012-04-10 08:19:24

Ally Financial Inc. (ALLY), the home and auto lender majority owned by U.S. taxpayers, will cease underwriting and trading mortgage-backed securities at its broker-dealer and dismiss most of its 33 traders and analysts.

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37.5g ABC Luong Bar
4,544.10	4,194.10
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100g ABC Bullion Bar
12,043.70	11,063.70
1kg ABC Bullion Silver
1,481.60	1,131.60