Briefs: ASX and SGX co-locate, RBS Morgans talks and Bendigo has capital plans

26 July 2012 4:42PM

Briefs,

• The Australian Securities Exchange and the Singapore Exchange will co-locate their futures and equity derivatives trading platforms in each other's central hub from September, the Financial Review reported.

• The Financial Review reported that two "bulge bracket" investment banks are in talks to buy RBS Morgans, the Queensland-based broking business controlled by Royal Bank of Scotland. Malaysian bank CIMB earlier this year bought the he cash equities, equities capital markets and corporate advisory business of RBS in Australia and eight other markets in Asia. Ownership of the 50 per cent stake in RBS Morgans owned by RBS is still under negotiation.

• Bendigo and Adelaide Bank is likely to "undertake a range of capital-management initiatives", and is likely to redeem or convert reset preference shares at the next re-set date, in November, Standard & Poor's said yesterday. S&P also affirmed its A- long-term and A-2 short-term credit ratings for the bank.