KEN Griffin’s Citadel Securities has opted to establish its own brokerage operation in China after failing in its bid for Credit Suisse’s onshore business and seeing no viable alternative takeover targets, sources familiar with the matter said.
- Advertisement -
Most Popular
Atome to get US$75 million from Lending Ark as credit demand grows
As traditional credit markets in the US and Europe falter, private credit investors are turning their attention to emerging markets, drawn by...
Nomura to shut branch in China as it scales back wealth business
The closure comes four years after Nomura announced the opening of the office in late 2021, when it was pushing to expand...
Japan confirms GDP contraction, backing Bank of Japan’s cautious stance
The central bank is widely expected to maintain its wait-and-see stance when it next meets on Jun 17
Revisions confirm Japan GDP contraction, backing Bank of Japan caution
Most economists expect the central bank to delay further rate hikes, with a majority anticipating no change in coming months
