GLOBAL investment banks in London are expected to move hundreds of billions of dollars more in assets and risk transfers to the euro area at the urging of the European Central Bank.
BLACKSTONE’S first-quarter profit fell as dealmaking at the world’s largest alternative-asset manager slowed in a tumultuous stretch when rising interest rates roiled markets.
BRITAIN’S financial watchdog said on Thursday (Apr 20) it would use new, tougher consumer protection powers from July 31 to ensure banks pass on increases in interest rates to savers, and further action was not ruled out.
LARGE China-based fund managers are setting up shop in Hong Kong for the first time, seeking to fill Chinese investors’ appetite for US dollar-based products and international exposure after the country reopened its borders.
JAPAN’S Rakuten Bank amended the filing of its US$625 million initial public offering (IPO) after investors pushed for details on the risks from its exposure to money-losing parent Rakuten Group, two people said.
CHINA’S commercial lenders kept their benchmark lending rates unchanged on Thursday (Apr 20) after the central bank held back from easing monetary policy this month as the economy rebounds.
GOLDMAN Sachs Group has been hit by additional departures in its Asia equities team, with key exits in Tokyo and Hong Kong to rival banks and hedge funds.
THE US Federal Reserve will deliver a final 25-basis-point interest rate increase in May and then hold rates steady for the rest of 2023, according to economists in a Reuters poll, which also showed a short and shallow recession this year was likely.
AN INDEPENDENT review of the Reserve Bank of Australia (RBA) has recommended creating a specialist board to manage monetary policy that would be chaired by the governor and have a dual mandate of price stability and full employment.
BARCLAYS is axing nearly half of its US-listed exchange-traded notes (ETNs) a year after revealing a paperwork error tied to its products that cost the bank hundreds of millions of dollars.
