China Citic Bank International Ltd. and Aluminum Corp. of China Ltd. are marketing sales of dollar- denominated securities with no fixed maturity as bond risk in Asia slides to the lowest in almost seven months.
Sweden’s government said it won’t criticize banks for ladling out bigger cash rewards to shareholders while warning the industry to gird for tighter rules that will limit the scope for future dividends.
The Federal Reserve is giving banks an additional two years to comply with Volcker Rule standards for treatment of collateralized loan obligations after industry complaints that the requirements would lead to big losses.
VTB Group, Russia’s second-largest bank, said profit last year rose 18 percent, beating analysts’ estimates on higher fee income and lending to Russian households. Its fourth-quarter profit surged 80 percent to 54.5 billion rubles ($1.54 billion).
Industrial & Commercial Bank of China Ltd. and its competitors are poised to issue preferred shares as soon as this year to shore up finances as slowing profit growth curbs their ability to retain earnings as capital.
Oversea-Chinese Banking Corp. offered HK$38.4 billion ($5 billion) to buy Wing Hang Bank Ltd. in the biggest takeover of a Hong Kong lender since 2001 to gain a foothold in the expanding Chinese financial hub.