ING, SocGen to test LNG trading with blockchain in months


Banks ING and Societe Generale are in talks with traders to test liquefied natural gas (LNG) trading based on blockchain, the technology starting to shake up the traditional energy industry. Blockchain, which originates from digital currency bitcoin, works as an electronic transaction-processing and record-keeping system that allows all parties to… Read more »

India: Fairfax takeover bid for Catholic Syrian Bank gets RBI nod

The Reserve Bank of India (RBI) has given an in-principle approval to Canadian billionaire Prem Watsa’s Fairfax Financial Holdings picking up a 51% stake in Kerala-based Catholic Syrian Bank, two people aware of the development said. This will be the first takeover of an Indian bank by a non-banking financial… Read more »

Cryptocurrency intiative R3 blockchain group adds five more banking heavyweights

BNP Paribas, Wells Fargo, ING, MacQuarie and the Canadian Imperial Bank of Commerce will join 25 other banks including JPMorgan and Citi in the initiative, led by New York-based financial tech firm R3 that is researching how the technology that underpins bitcoin, a controversial, web-based “cryptocurrency”, can be used in finance.

Philippines’ BDO Unibank sets up $2b MTN programme

BDO Unibank Inc, the Philippines’ largest lender in terms of assets, has set up a $2 billion medium-term note programme and mandated Standard Chartered as lead arranger, IFR reported on Monday. ANZ, Goldman Sachs, Barclays, HSBC, Nomura, Citigroup, ING, Standard Chartered, Daiwa, JP Morgan, UBS, Deutsche Bank and Mizuho Securities… Read more »