SENIOR investment bankers at HSBC Holdings in Hong Kong could lose their private offices as the firm moves towards open-plan desks for the financial hub, causing angst among some executives who’ve complained about potential confidentiality risks.
ECONOMISTS at UK-based banks Barclays and NatWest believe that the US Federal Reserve (Fed) could ramp up the pace of its interest-rate rises in March by delivering a half-point hike, following key inflation data released on Friday (Feb 24).
JPMORGAN is proposing a new Asia credit index with slashed China weighting in parallel to its existing US$85 billion Asia credit index, two sources said. This comes amid growing geopolitical tensions and dimming appetite for Chinese property bonds.
CHINA’S Ant Group and Japan’s SoftBank Group Corp are seeking to sell their stakes in Indian digital payments firm Paytm in the open market, the Economic Times reported on Monday (Feb 27).
INCOMING Bank of Japan (BOJ) Governor Kazuo Ueda said on Monday (Feb 27) the central bank could exit its massive stimulus, but a shift to tighter policy would only come when the country’s trend inflation heightens significantly.
GOLDMAN Sachs Group’s leaders take the stage this week hoping to turn the page on a forgettable 2022, lay out new reasons for investors to rally around the stock and quell dissatisfaction within the firm’s ranks.
THE trio of Singapore banks wrapped up 2022 with record results, as they continued to post strong earnings in the fourth quarter of the year on the back of higher net interest income.
JPMORGAN Chase’s market capitalisation has a chance to more than double and hit US$1 trillion by 2030, according to Morgan Stanley analysts, reinforcing its position as the most valuable US bank.
HONG Leong Finance posted a 113.7 per cent rise in net profit to S$85.8 million for its second half ended Dec 31, 2022, from S$40.1 million the year before.
BROKERAGE firm UOB Kay Hian (UOBKH) posted a 10.6 per cent fall in net profit to S$52.6 million for the six months ended Dec 31, 2022, down from S$58.9 million previously.
