Showing posts with label Can’t Afford. Show all posts
Showing posts with label Can’t Afford. Show all posts

Wednesday, August 15, 2012

Asian Banks Rush In Where Westerners Can’t Afford to Tread • Matthew Miller


CIMB Group Holdings, Malaysia’s second-biggest financial services company, is finding opportunity at home from Europe’s debt struggles abroad. In June the Kuala Lumpur–based lender completed most of its $250 million acquisition of Royal Bank of Scotland’s equity holdings and investment banking businesses for Southeast Asia and Greater China. CIMB also is taking a stronger role in recent debt and equity fundraisings, serving as the principal adviser to last month’s $2 billion initial share sale by IHH Healthcare in Malaysia and Singapore.