Investment banks expand
Article Abstract:
Four investment banks have been expanding and embarking on new deals in Asia amid the current financial crisis and a bear market in the region. Morgan Stanley Asia Ltd., Goldman Sachs Asia LLC, Merrill Lynch (Asia Pacific) Ltd., and Lehman Brothers Asia Ltd. are betting on their bullish regional prospects, seeing opportunities brought by the Asian economic turmoil. The four investment banks are offering complex products such as fixed-income derivatives, instead of the usual stock broking and new share issues. The four investment banks have global operations and deep pockets, with the money earned in the bull markets of Wall Street and Europe; and their size can influence in closing deals, compared to weaker regional banks.
Comment:
Is among investment banks expanding & embarking on new deals in Asia amid current financial crisis & a bear mkt in the region
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1998
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Niche gives lender a boost
Article Abstract:
Aeon Credit Service Ltd has remained one of Asia's most established credit card companies through its expansive business relationship and overwhelming performance in niche markets. The company's credit program is aimed at providing financial help to middle class investors, who are charged with 36% interest annually. Aside from affinity cards, Aeon also issues Mastercards to low-income entrepreneurs and housewives.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
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