HONG KONG, Feb 12 - Bank of East Asia Ltd
executives defended on Thursday a planned capital
raising which is under pressure from hedge fund Elliott
Management Corp, in a case that pits one of Hong Kong's last
family-owned banks against an activist fund.
HONG KONG/SINGAPORE - Standard Chartered is selling its Hong Kong and Shenzhen consumer finance businesses to a consortium that includes a Chinese state firm, in the biggest asset disposal by the emerging markets-focused lender as part of a restructuring.