Dispatches: HSBC plans corporate finance recruitment
HSBC, Europe's biggest bank, plans to beef up its corporate finance business in Australia, according to the lender's local chief executive. The bank plans to grow its corporate finance business in Australia by hiring new bankers to work on its debt capital markets team and plans to expand its onshore leveraged acquisition and loan syndication operations. (The Australian)
ANZ is vowing not to abandon its ambitious strategy to be an Asia Pacific heavyweight, despite losing its main acquisition target in the region yet. The banking giant's shares rallied yesterday after management all but ruled out a bidding war for a majority stake in Korea Exchange Bank, triggering speculation ANZ would now ramp up its push into India. (Daily Telegraph)
The corporate regulator is poised to take legal action against some of Australia's largest banks over the collapse of Storm Financial after a breakdown in compensation talks. (Sydney Morning Herald)
National Australia Bank says it is working to fix technology issues which delayed the processing of some customer payments and transactions overnight. (News.com.au)
