Hello frankie262,
To show you how to find out about the sales of banks, I have
investigated some previous sales internationally, especially in Asia.
There are a few newsfeeds (for a subscription fee) which give you the
latest headlines and press releases on any financial-related subject
you wish. The EIN News allows you to choose other newsfeeds by region,
including many Asian and Pacific countries, and even South Africa and
other regions in Africa. It's a very helpful tool! You can also
specify which specific newsfeeds relating to those countries you
specifically want to concentrate on, such as Mergers and Acquisitions
or Banking. You can find it here:
EIN News
http://www.einnews.com/
The parts of Africa that are included are:
Africa
African Island Nations
Central Africa
East Africa
Horn of Africa
North Africa
Southern Africa
West Africa
The Asian and Pacific countries included in the newsfeeds are:
Asia
Australia & New Zealand
China, Taiwan & Hong Kong
India & Pakistan
South Asia
South-East Asia
Afghanistan
Australia
Bangladesh
Bhutan
Brunei
Cambodia
Inside China Today
East Timor
Hong Kong
India
Indonesia
Japan
Laos
Malaysia
Mongolia
Myanmar
Nepal
New Zealand
North Korea
Oceania
Pakistan
Philippines
Singapore
South Korea
Sri Lanka
Taiwan
Thailand
Vietnam
There are many business-related resources which, if read religiously
(and especially if you read more than one), would most likely serve to
inform you of all the latest bank-sale happenings in the world. These
include The Economist, The Financial Times and The Wall Street
Journal. The BBC is also helpful for international news.
International--
The Ecomomist
http://www.economist.com/index.html
If you subscribe, you can sign up to receive email alerts on banking topics.
The Financial Times
http://www.ft.com/
If you subscribe, you can receive tailored email and desktop alerts
for certain business stories.
The Wall Street Journal
http://online.wsj.com/public/us
BBC World Business Report
http://news.bbc.co.uk/2/hi/business/1143010.stm
Bloomberg also has sections on different parts of the world and their
financial news.
Bloomberg Asia
http://www.bloomberg.com/news/regions/asia.html
Bloomberg China
http://www.bloomberg.com/news/regions/china.html
Bloomberg India
http://www.bloomberg.com/news/regions/india.html
Bloomberg Japan
http://www.bloomberg.com/news/regions/japan.html
Bloomberg UK
http://www.bloomberg.com/news/regions/uk.html
Bloomberg Europe
http://www.bloomberg.com/news/regions/europe.html
Personally, I prefer The Economist and find it endlessly enlightening
and useful. I HIGHLY recommend it.
Many times, a way that a bank "sells" itself is by issuing shares of
stock and selling them to shareholders, rather than directly to one
buyer. It can raise more capital this way.
Chinese banks that would sell shares would most commonly be listed on
the Hong Kong Stock Exchange or the Shanghai Stock Exchange.
Hong Kong Stock Exchange
http://www.hkex.com.hk/index.htm
Shanghai Stock Exchange
http://www.sse.com.cn/sseportal/en_us/ps/home.shtml
The China Merchants Bank just did this in Hong Kong, raising $2.4
billion in going public in a stock sale last week.
However, a much larger sale is coming up, which will be a dual
exchange in both cities.
"All of them pale before the upcoming offering of Industrial and
Commercial Bank of China (ICBC), the country's largest bank. This is
likely to set a new record, with about $20 billion-worth of shares
sold. The bank's total value will exceed $100 billion."
--The Economist
"Selling the family China"
Sep 21st 2006 | HONG KONG
http://www.economist.com/finance/displaystory.cfm?story_id=E1_SJVDTTJ
A listing of additional international stock exchanges can be found on
Yahoo! Finance.
Yahoo Finance Stock Exchange Listing
http://quote.yahoo.com/m2?u
India--
There is also an upcoming share sheme in India. The State Bank of
India is going to offer shares to raise 35 billion rupees.
Bloomberg India
September 28, 2006
"State Bank of India's Biggest Units to Sell Shares"
http://www.bloomberg.com/apps/news?pid=20601091&sid=aMz41uPlUZ1o&refer=india
Indonesia--
Currently, many of Indonesia's banks are being sold in a bid to pay
back the government for bailing them out of hard times a few years
ago. The government set up the IBRA, Indonesian Bank Reconstruction
Agency, and the IBRA has been slowly conducting sales of the banks for
a few years. They will be conducting bank sales in the future. Here
are their contact details.
Head Office Address : INDONESIAN BANK RESTRUCTURING AGENCY
(IBRA)/BADAN PENYEHATAN PERBANKAN NASIONAL (BPPN)
Wisma Danamon Aetna Life, Lantai 15
Jl. Jenderal Sudirman kav. 45 - 46
Jakarta 12930
Phone : (62 - 21) 577 0952, 577 2776
Fax : (62 -21) 577 2274, 577 2301
Source:
Qualisteam Banking and Finance Portal
http://www.qualisteam.com/Detailed/4301.html
Additonally, there is a press release section on Bank Indonesia's website here:
Bank Indonesia Press Releases
http://www.bi.go.id/web/en/Siaran+Pers/
Additonal sources for this type of news would be:
Yahoo News in Asia
http://asia.news.yahoo.com/
Internional Banking Systems Journal
http://www.ibspublishing.com/ibs_journal.htm
Sources:
The Economist
"Grip of the dead hand"
Sep 14th 2006 | BANGKOK
http://www.economist.com/finance/displaystory.cfm?story_id=E1_SJTQJGT
BBC News
"Political fuss sours Indonesia sell-off"
March 6, 2002
http://news.bbc.co.uk/2/hi/business/1857602.stm
Search terms:
site:economist.com bank sale
hong kong stock exchange
icbc share offering
shanghai stock exchange
indonesia selling banks
indonesian bank restructuring agency
bbc world business report
african banking news
international banking news
international stock exchanges
If you need any additional help or clarification before rating, let me
know and I'll be glad to help.
Cheers,
--keystroke-ga |
