Shares of Bank of East Asia<0023> surged for two consecutive days since Wednesday on market rumor which says Malaysian conglomerate Guoco Group<0053> might further buy into BEA to take over the territory's largest locally-owned bank by assets, sources reported.BEA denied the rumor yesterday and...
SHANGHAI, Sept 15 - Bank of East Asia Ltd (BEA), Hong Kong's fifth-biggest lender, plans to buy a minority stake in Golden Eagle Asset Management Co, seeking to tap rising demand for wealth management services...
Bank of East Asia (BEA)<0023>, Hong Kong's fifth biggest lender, on Friday said that it has signed a strategic investment agreement with Spain's Criteria CaixaCorp SA (Criteria) that provides a framework enabling Criteria to raise its strategic shareholding in BEA....
* HSBC, BEA to be first foreign lenders to issue yuan bonds * Chinese banks have been issuing yuan bonds in HK since 2007 * Bonds will help set pricing benchmark for foreign banks (Recast...
Bank of East Asia Ltd (BEA)<0023>, the largest independent local bank in Hong Kong, is extending the residential mortgage loan tenor for old flats by up to 10 years, said Kenneth Tsin Wai-lun, head of BEA's property loans department, the Standard reported.According to Tsin, the program, which is available to...
Bank of East Asia Ltd (BEA)<23>, the largest independent local bank in Hong Kong, plans to buy stake in ICEA Securities, the lender's joint venture with Industrial and Commercial Bank of China (ICBC)<601398><1398>, the South China Morning Post reported on Monday.The newspaper said the proposed...
Bank of East Asia (BEA)<23>, the largest independent local bank in Hong Kong, is likely to record net profit drop of more than 90% in 2008 because of the disposal of its collateralized debt obligation exposure, the Standard reported.The bank is expected to post earnings of between HK$11 million and HK$357 million...
Dec. 26, 2008 (China Knowledge) - The Hong Kong-based Bank of East Asia (BEA)<23>, the city's fifth-largest bank by market value , is reportedly considering to purchase stakes in smaller Chinese banks and widening its...
Bank of East Asia has bought into AIG's Taiwanese brokerage unit, making it the first Hong Kong bank to invest in a securities brokerage...
Dec. 24, 2008 (China Knowledge) - Bank of East Asia<23>, the largest independent local bank in Hong Kong, announced it has issued first RMB-denominated credit card through its locally incorporated banking unit of Bank of...