Credit Suisse Group AG

Barclays mulls possible merger with StanChart and even 'hypothetical combo' with DBS, reports FT

SINGAPORE (May 23): Barclays Plc has been exploring a potential merger with rival banks including Standard Chartered Plc, as part of wide-ranging contingency plans being weighed by senior board members following pressure from an activist investor, the Financial Times reported.

“Hypothetical combinations” with other banks have also been discussed by Barclays’s directors, including Deutsche Bank AG, Credit Suisse Group AG and DBS Group Holdings, the FT reported.

Sea selling shares at US$15 each in NYSE IPO

(Oct 20): Singapore’s Sea plans has priced its initial public offering of nearly 59 million American depositary shares at US$15 each to raise US$884 million ($1.2 billion), according to a press statement by the company on Friday evening.

See: Sea, former Garena, files for NYSE IPO

In addition, Sea has granted the underwriters a 30-day option to purchase up to an additional 8.8 million ADSs to cover over-allotment.

Malaysian KFC operator said to choose banks for US$500 mil IPO

KUALA LUMPUR (Nov 1): QSR Brands (M) Holdings Sdn, which operates KFC and Pizza Hut restaurants in Southeast Asia, picked banks to arrange a Malaysian initial public offering next year that could raise about US$500 million ($696 million), people with knowledge of the matter said.

Europe bankers see US$2.5 bil of bonuses vanish in stock rout

Europe bankers see US$2.5 bil of bonuses vanish in stock rout

LONDON (Aug 31): Investment bankers at Europe’s biggest securities firms are watching their bonuses melt.

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