Cempaka Business and Economy: Royal Bank of Scotland to Shut Down Indonesian Equities Division in Asian Asset Sell Off

"A Summary" – Apr 2, 2011 (Kryon channelled by Lee Carroll) (Subjects: Religion, Shift of Human Consciousness, 2012, Intelligent/Benevolent Design, EU, South America, 5 Currencies, Water Cycle (Heat up, Mini Ice Ace, Oceans, Fish, Earthquakes ..), Middle East, Internet, Israel, Dictators, Palestine, US, Japan (Quake/Tsunami Disasters , People, Society ...), Nuclear Power Revealed, Hydro Power, Geothermal Power, Moon, Financial Institutes (Recession, Realign integrity values ..) , China, North Korea, Global Unity,..... etc.) - (Text version)

"The Timing of the Great Shift" – Mar 21, 2009 (Kryon channelled by Lee Carroll) - (Text version)

“ … Here is another one. A change in what Human nature will allow for government. "Careful, Kryon, don't talk about politics. You'll get in trouble." I won't get in trouble. I'm going to tell you to watch for leadership that cares about you. "You mean politics is going to change?" It already has. It's beginning. Watch for it. You're going to see a total phase-out of old energy dictatorships eventually. The potential is that you're going to see that before 2013.
They're going to fall over, you know, because the energy of the population will not sustain an old energy leader ..."

"Update on Current Events" – Jul 23, 2011 (Kryon channelled by Lee Carroll) - (Subjects: The Humanization of God, Gaia, Shift of Human Consciousness, 2012, Benevolent Design, Financial Institutes (Recession, System to Change ...), Water Cycle (Heat up, Mini Ice Ace, Oceans, Fish, Earthquakes ..), Nuclear Power Revealed, Geothermal Power, Hydro Power, Drinking Water from Seawater, No need for Oil as Much, Middle East in Peace, Persia/Iran Uprising, Muhammad, Israel, DNA, Two Dictators to fall soon, Africa, China, (Old) Souls, Species to go, Whales to Humans, Global Unity,..... etc.)

"The Recalibration of Awareness – Apr 20/21, 2012 (Kryon channeled by Lee Carroll) (Subjects: Old Energy, Recalibration Lectures, God / Creator, Religions/Spiritual systems (Catholic Church, Priests/Nun’s, Worship, John Paul Pope, Women in the Church otherwise church will go, Current Pope won’t do it), Middle East, Jews, Governments will change (Internet, Media, Democracies, Dictators, North Korea, Nations voted at once), Integrity (Businesses, Tobacco Companies, Bankers/ Financial Institutes, Pharmaceutical company to collapse), Illuminati (Started in Greece, with Shipping, Financial markets, Stock markets, Pharmaceutical money (fund to build Africa, to develop)), Shift of Human Consciousness, (Old) Souls, Women, Masters to/already come back, Global Unity.... etc.) - (Text version)

“… The Shift in Human Nature

You're starting to see integrity change. Awareness recalibrates integrity, and the Human Being who would sit there and take advantage of another Human Being in an old energy would never do it in a new energy. The reason? It will become intuitive, so this is a shift in Human Nature as well, for in the past you have assumed that people take advantage of people first and integrity comes later. That's just ordinary Human nature.

In the past, Human nature expressed within governments worked like this: If you were stronger than the other one, you simply conquered them. If you were strong, it was an invitation to conquer. If you were weak, it was an invitation to be conquered. No one even thought about it. It was the way of things. The bigger you could have your armies, the better they would do when you sent them out to conquer. That's not how you think today. Did you notice?

Any country that thinks this way today will not survive, for humanity has discovered that the world goes far better by putting things together instead of tearing them apart. The new energy puts the weak and strong together in ways that make sense and that have integrity. Take a look at what happened to some of the businesses in this great land (USA). Up to 30 years ago, when you started realizing some of them didn't have integrity, you eliminated them. What happened to the tobacco companies when you realized they were knowingly addicting your children? Today, they still sell their products to less-aware countries, but that will also change.

What did you do a few years ago when you realized that your bankers were actually selling you homes that they knew you couldn't pay for later? They were walking away, smiling greedily, not thinking about the heartbreak that was to follow when a life's dream would be lost. Dear American, you are in a recession. However, this is like when you prune a tree and cut back the branches. When the tree grows back, you've got control and the branches will grow bigger and stronger than they were before, without the greed factor. Then, if you don't like the way it grows back, you'll prune it again! I tell you this because awareness is now in control of big money. It's right before your eyes, what you're doing. But fear often rules. …”

Wednesday, March 21, 2012

Royal Bank of Scotland to Shut Down Indonesian Equities Division in Asian Asset Sell Off

Jakarta Globe, Vikram Subhedar and Saeed Azhar, Reuters, March 20, 2012

Related articles

Hong Kong/ Singapore. Royal Bank of Scotland is closing its equity capital market and corporate finance units in South Korea and cash equities businesses in Indonesia, Korea and Singapore in the latest move to cut the size of its struggling investment bank.

The decision sheds light on the British lender’s recent agreement with CIMB Group Holdings for the sale of Asian assets, signalling that Malaysia’s second-biggest bank is eyeing RBS’s Hong Kong, India and Australian businesses to boost its investment banking presence in Asia. The plan is in line with Chief Executive Nazir Razak’s ambitions to make CIMB a leading Asian financial services firm.

CIMB has in recent years significantly boosted its presence in Southeast Asia through banking and brokerage assets acquisitions in Indonesia, Singapore and Thailand. CIMB said earlier this month that it had entered into exclusive talks with RBS to acquire some of its Asia-Pacific cash equities and investment banking businesses.

“The main idea behind the acquisition is for CIMB to secure a presence beyond ASEAN,” said Chris Eng, head of research at Malaysian broker OSK. “The main markets that will benefit them from RBS are places they don’t have, such as Hong Kong, Australia and Northeast Asia.”

An RBS spokeswoman said 70 employees would be impacted by the closure of the units and that it would work closely with CIMB to conclude the deal for the other Asian units.

“For commercial reasons, we have agreed with CIMB that the cash equities, ECM and corporate finance businesses in Korea and cash equities in Indonesia and Singapore will not ultimately transfer as part of the sale,” RBS said. “We have therefore made the decision to initiate steps to wind down these businesses commencing today.”

A significant chunk of RBS’ operations are in Hong Kong, Singapore, Australia and India. It has offices in 11 countries across the region, including China. North Asia is a lucrative market for brokers as a recent study by Greenwich Associates showed that of the Asian equity commissions paid by institutions to brokers, approximately 42 percent originated with trades of Hong Kong and Chinese stocks, compared with 41 percent recorded in 2010.

South Korea is a distant second with a 14 percent share of Asian equity commission payments, followed closely by India at 13 percent. Southeast Asia accounts for a small portion of commissions although allocations have increased in 2011 from 2010, the report said. But it is unlikely to be easy sailing for CIMB in Hong Kong, where Wall Street and European banks control a sizeable portion of the cash equities and investment banking business. The deal with CIMB came after an auction for the sale of Asian assets of RBS attracted interest from firms including Bank of China and Japan’s Mizuho Financial Group.

RBS has halved the size of its investment bank as part of a major retreat since its 2008 taxpayer bailout, and has been forced by the British government and lower profitability across the industry to extend the retreat further. Earlier this year, the bank had said it would exit its cash equities, corporate broking, equity capital markets and mergers and acquisitions businesses globally.

Reuters

Cempaka Business and Economy

Pages

Wednesday, March 21, 2012

Royal Bank of Scotland to Shut Down Indonesian Equities Division in Asian Asset Sell Off

No comments:

The Jakarta Post: Review/Outlook 2010