Thailand Financial News

SunGard today announced that it has acquired Inmatrix, a leading provider of credit risk analysis and business forecasting solutions. Inmatrix, based in Melbourne, Australia, offers two credit management solutions: Optimist, which helps evaluate the credit worthiness of borrowers; and Portfolio Strategist, which helps banks develop a portfolio view of their exposure. (more…)

MasterCard Incorporated today announced strong fourthquarter and full year results for the Asia/Pacific, Middle East & Africa (APMEA)1 region. For the quarter ending 31 December 2009, the region witnessed double-digit growth in gross dollar volume (20.3%), purchase volume2 (18.6%), purchase transactions (19.4%), cash transactions (31.9%) and cards issued (11.2%), versus the same period in 2008. (more…)

Shinsei Bank, Limited, a leading diversified financial institution to both institutional and individual customers in Japan, today announced consolidated cash basis net of 35.7 billion yen (consolidated reported basis net income of 22.2 billion yen) for the nine month period ended December 31, 2009 compared to a consolidated cash basis net loss of 23.3 billion yen (consolidated reported basis net loss of 32.1 billion yen) for the nine month period ended December 31, 20098. (more…)

Barclays Wealth, the global wealth management division of Barclays PLC, today announces the appointment of three senior bankers to its South Asia team based in Singapore. Effective today, Vikram Malhotra joins as Managing Director, Head of South Asia. (more…)

TMB becomes the first commercial bank in Thailand that provides credit card EDC (Electronic Draft Capture) service which is enabled with Thai Baht-Arab currency unit conversion function. There are six Arab currencies* supported by the multi-currency TMB EDC, making it the service which can convert as many as 21 currency unit – the highest available in the country. (more…)

The 2010 year-to-date tally of global corporate defaults remains unchanged at 10 this week, said an article published today by Standard & Poor’s. By region, the year-to-date default tallies are seven defaults in the U.S., two in the emerging markets, and one in the other developed region (Australia, Canada, Japan, and New Zealand).

So far this year, distressed exchanges account for five defaults, and missed interest or principal payments are responsible for three defaults, according to the article, titled “Global Corporate Default Update (Jan. (more…)

Fitch Ratings-London-05 February 2010: Fitch Ratings will host a seminar on the credit outlook for US, Asian and Latin American banks and the region’s banking system in London on Thursday, February 11.

Senior Fitch financial institutions analysts will give presentations providing key insights into the sectors and outlooks for the coming year. (more…)

February 4, 2010, Beijing - Citigroup (”Citi”) announced today that it has been granted approval by the China Banking Regulatory Commission (”CBRC”) to open a branch in the city of Guiyang. The Guiyang branch will be Citi’s tenth branch in China, and will officially open in the first half of 2010. (more…)

London / New York / Tokyo / Hong Kong, February 4, 2010 – Deutsche Bank today announced its appointment as depositary bank for the Level I American Depositary Receipt (ADR) program of Daiwa Securities Group Inc. Daiwa Securities Group Inc. (the “Group) is a comprehensive financial services company with securities-related operations as a foundation. (more…)

TRIS Rating Co., Ltd. has upgraded the company rating of Sansiri PLC (SIRI) to “BBB+” from “BBB” and has also upgraded the rating of SIRI’s existing debentures to “BBB” from “BBB-”. The rating outlook is “stable”. The upgrades reflect SIRI’s improving financial profile. (more…)