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M&A on cusp of post-COVID-19 surge

M&A on cusp of post-COVID-19 surge 20:00 | 20/04/2021 Global M&A dealmaking has got back its momentum in the first quarter. Photo: Shuttlerstock According to the first-quarter global review by Refinitiv, a global provider of financial market data, mergers and acquisitions (M&A) activity hit $1.3 trillion globally in the period, an increase of 94 per cent compared to the same period in 2020. Cross-border activity more than doubled and was the strongest opening quarter for cross-border deals on record, with the technology, financial, and industrial sectors accounting for almost half of cross-border M&A. Meanwhile, an EY Global Capital Confidence Barometer survey of more than 2,400 executives in 52 countries found that over half of corporates are looking to actively pursue M&A in the next 12 months – the highest since 2012 and beating the 11-year average of 44 per cent. In particular, almost half (46 per cent) of corporates expect that Southeast

Global banking leaders targeting growth in SE Asia

Global banking leaders targeting growth in SE Asia 12:00 | 23/02/2021 Global banking leaders targeting growth in SE Asia, illustration photo HSBC will be naming a new head for its Singapore operation, along with its expansion plan in the region. Europe’s largest lender is preparing to announce the outcome of a strategic review next week, alongside its full-year results. According to Bloomberg, HSBC is seeking to gain a bigger slice in Southeast Asia where it has been struggling to compete with dominant players such as DBS Group Holdings and Standard Chartered. “HSBC wants to further raise its capability and presence in South Asia, and Singapore is central to this drive and ambition,” said Peter Wong, HSBC’s top executive in Asia.

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