Showing posts with label Tread. Show all posts
Showing posts with label Tread. 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.