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Morgan Stanley beats quarterly profit estimates

MORGAN Stanley beat analysts’ estimates for fourth-quarter profit on Tuesday (Jan 17) as the investment bank’s trading business got a boost from market volatility, offsetting the hit from sluggish dealmaking.

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Morgan Stanley profit beats on strength in trading business

MORGAN Stanley beat analysts’ estimates for fourth-quarter profit on Tuesday (Jan 17) as the investment bank’s trading business got a boost from market volatility, offsetting the hit from sluggish dealmaking.

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Credit Suisse chair signals bonus cuts after ‘horrifying year’

CREDIT Suisse Group chairman Axel Lehmann has warned employees to brace themselves for bonus cuts, as the Swiss lender embarks on a painful and costly turnaround following a grim year that forced it to tap shareholders for fresh funds.

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Ailing Singapore crypto firm Vauld gets more time to restructure

A SINGAPORE court has extended the creditor protection period for crypto lender Vauld to Feb 28, as the company has yet to come up with a revival plan, said a source familiar with the matter.

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Hugosave’s parent to set up digital bank in Pakistan

A SINGAPORE-BASED consortium led by Atlas Consolidated, the parent company of wealth and savings app Hugosave, has obtained a no-objection certificate by the State Bank of Pakistan.

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Nomura cuts around 18 Asia banking jobs as dealmaking slows: sources

NOMURA Holdings has cut 18 Asian banking jobs, most of them China-focused investment roles, as a result of a sharp slowdown in dealmaking activities, according to two sources with direct knowledge of the matter.

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Investcorp targets Indonesia to expand South-east Asia footprint

BAHRAIN-based Investcorp is working on multiple initiatives in Indonesia, including one in partnership with the nation’s sovereign wealth fund as it seeks to expand its footprint in South-east Asia, the firm’s co-chief executive officer said on Monday (Jan 16).

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Bank Indonesia nears end of rate-hike cycle but to add 25 bps on Jan 19: poll

BANK Indonesia will deliver another 25 basis points interest rate hike on Thursday as it tries to bring inflation under control without having a big impact on economic growth, a Reuters poll of economists forecast.

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Bank Indonesia nears end of rate-hike cycle but poised to deliver 25 bps interest rate hike: poll

BANK Indonesia (BI) will deliver another 25 basis points interest rate hike on Thursday (Jan 19) as it tries to bring inflation under control without having a big impact on economic growth, a Reuters poll of economists forecast.

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Goldman, UBS join bullish bets on global assets as China reopens

GLOBAL markets got a sugar rush when China reverted to pro-growth policies in late 2022, and some are arguing it’s not too late to join the rally.

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