Temasek Holdings, Singapore's state-owned investment company, agreed to buy a 12percentt stake in Standard Chartered, the British lender, valued at about £2.3 billion ($4 billion).
If the price was only $30,000, for example, the lender will value it at $30,000, and the down payment will only be 15.8%.
Mark Logue, the president of Thoroughbred Mortgage, an affiliate of Wells Fargo and Houlihan Lawrence, said that in the aftermath of the real estate market crash, appraisers felt pressure from skittish lenders to value homes conservatively.
Another would require lenders to value all their sovereign debt holdings at current market prices, as part of a "stress test" to ensure that Europe's banks have enough capital to insure against large-scale losses if the crisis were to spread.
If Binksty can bring on a wide array of lenders, its value will be two-fold.
The index's 48 members now include Industrial and Commercial Bank of China, the world's largest lender by market value, and the PetroChina Company, Asia's biggest company by market value.
THERE are two radically different tales doing the rounds about HSBC, Europe's biggest lender by market value.
Crédit Agricole said it would make a cash offer for the Greek lender Emporiki Bank, valuing it at 3.1 billion euros ($3.9 billion), or 23.50 euros ($29.64) a share.
lender by market value, offered in February the region's first Uridashi bond, which are foreign-currency securities sold to Japanese investors.
BNP Paribas, France's largest lender by market value, may seek acquisitions in the U.S. to expand in an economy that's growing more than twice as fast as its home market, Chief Executive Officer Baudouin Prot said.
