Deutsche Bank

The move follows a trading surge in Asia and the increasing importance of the Chinese yuan.

The participating banks include ABN AMRO, ANZ, CIMB, Deutsche Bank, Lloyds, Maybank, OCBC and UOB.

Stock loans are nothing new. This form of financing requires borrowers to put up shares as collateral in exchange for a loan. However, the global financial crisis (GFC) in 2008 changed all of that.

(Jan 12): US stock positioning is near extreme levels as investors price in improving worldwide economic growth, according to Deutsche Bank AG.

(Dec 27): Banks around the world are unveiling the biggest round of job cuts in four years as they slash costs to weather a slowing economy and adapt to digital technology.

SINGAPORE (July 15): The US Department of Justice (DOJ) is investigating Deutsche Bank as part of a broadened probe of Malaysia’s scandal-plagued 1Malaysia Development Bhd (1MDB) investment fund, according to a person with knowledge of the matter.

(July 9): Deutsche Bank laid off staff from Sydney to New York on Monday as it began to slash 18,000 jobs in a 7.4 billion euro ($11.3 billion) “reinvention” that will lead to yet another annual loss, a plan that knocked its already battered shares.

SINGAPORE (Aug 27): Shares in debt-laden commodities supplier Noble Group were up 33.9% in the week before a key vote on its restructuring. The Straits Times Index had gained 1.3% in the same period. Noble’s rebound may have been driven by Deutsche Bank

SINGAPORE (Aug 20): Richard Elman, the founder of Noble Group, will not take up the position as an executive director of the embattled commodities trader after its restructuring.

SINGAPORE (Apr 24): Deutsche Bank is turning positive on Asia Pacific’s shipping sector with the strongest preference for the container sub-segment, followed by tanker and dry bulk.