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Category: Fintech and Finance

AMB :- Asia, Europe see a massive high of fintech investment in 2019

Laxman Pai, Opalesque Asia: While Europe saw a banner year of fintech funding in 2019, Asia saw relatively strong funding compared to historical norms, revealed a study. Europe set a new record for fintech funding

Banks need to look within to combat London’s IPO drought

Flotations in the City fell by more than half to 35 last year. With fewer joining than leaving, the number of public companies continues to fall

Financial Institution Developments

Posted by Edward D. Herlihy and Richard K. Kim, Wachtell, Lipton, Rosen & Katz, on Monday, February 17, 2020 Editor's Note: Edward D. Herlihy and Richard K. Kim are partners at Wachtell, Lipton, Rosen &

The week in review: China recovery on track, profit slump at banks eases, HK goes to WTO for ‘made in China’ dispute

In this round-up, the Purchasing Managers’ Index reading for October points to steady recovery momentum for the Chinese economy, profitability improves at the country’s largest state-owned lenders, and Hong Kong seeks help from the World

Former Apollo partner’s private equity firm makes debut deal

Iman Capital Partners has taken a majority stake in Crealsa Investments, a Spanish digital banking specialist

Luxembourg plans first European sovereign sustainable bond

The Grand Duchy of Luxembourg has become the first European country to publish a sustainability bond framework and has mandated banks to prepare a debut deal in the format.

ThyssenKrupp Elevator sees monster demand, paves the way for LBO lift-off

The huge demand seen for ThyssenKrupp Elevator’s buyout financing, the largest bridge loan left on banks’ books through the Covid-19 crisis, should reassure credit committees and capital markets operators that the LBO market is wide

BASF Construction Chemicals next bridge to drop after TKE blowout

Banks have launched the buyout funding for Lone Star’s purchase of BASF Construction Chemicals into market, as the storming execution of ThyssenKrupp Elevator shows the discount banks must take to exit pre-Covid positions is rapidly

MasMovil bookrunners derisk bond deal with boost to loan

Banks backing Cinven, KKR and Providence’s take-private of MasMovil have boosted the size of the euro loan tranche in the market this week by €500m, cutting down the planned bond which will fund the remainder

US regulator warns of lockdown threat to financial stability

The US Office of the Comptroller of the Currency (OCC) is urging local officials to ease their Covid-19 lockdown measures, warning that some banks are now suffering delinquency rates in the mid-double digits on their

A top US executive at SoftBank’s Vision Fund is stepping down

Michael Ronen joined the fund in 2017 after a 19-year career in investment banking at Goldman Sachs Group.

SoftBank took unusual route to investment in UK fintech Greensill

SoftBank’s investment was structured to avoid triggering checks from regulators in Germany and Australia

UK fintechs brush off Brexit attracting record investment

Fintech companies in the UK attracted $4.9bn in venture capital and private equity investment in 2019

Goldman Sachs promotes new head to European mid-market group

US bank’s investment banking for Spain chief steps up to Emea-wide role to win more M&A fees from smaller companies

Taiwan: banks don’t need lending guidelines

Taiwan’s Ministry of Finance has reportedly asked state-owned banks to take six steps to avoid lending to companies that will end up defaulting. Some of these steps are obvious, others are impractical – and all

UOB's former China CEO returns

Singapore banking veteran Eric Lian has returned to UOB in a senior position after a stint at OCBC.

UK picks syndicate to lead first ever 15 year

The UK Debt Management Office has chosen the banks to lead the first ever 15 year Gilt to be sold via syndication, which will hit the market next week

Mobile World dials banks for $100m loan

Vietnamese mobile device retailer Mobile World Investment Corp has made a rapid return to loans for another $100m.

ZhongAn serves up $300m bond in market return

ZhongAn Online P&C Insurance Co was back in the dollar market on Monday, less than two months after making its debut.

Singapore: a case study for Libor transition

Singapore has been a front-runner when it comes to moving away from Libor to a new benchmark, with its regulators, borrowers and banks playing an active role in preparing the market. The rest of Asia’s

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