BRITISH insurer and asset manager Legal & General has shelved a plan to obtain a China business licence and more than halved onshore headcount, two sources said, joining a list of global financial firms scaling back in an uncertain market.
- Advertisement -
Most Popular
Large US banks can weather hypothetical downturn, several raise dividends: Fed
The Fed’s “stress test” shows banks stay above minimum requirements despite a 1.6-percentage-point capital drop
