SEVERAL senior dealmakers are leaving Nomura Holdings in Asia as the investment bank reacts to a slump in fees with broader global cuts, according to people familiar with the matter.
JEFFERIES Financial Group said profit fell 57 per cent in the fiscal fourth quarter, amid a persistent deal slump that looks poised to crimp a key profit engine across Wall Street.
MORGAN Stanley chief operating officer Jon Pruzan, a longtime lieutenant to James Gorman and once considered a potential candidate to succeed him as chief executive officer, is exiting the firm.
A HONG Kong unit of state-backed China Citic Bank Corp. is offering free Covid-19 mRNA vaccinations to sign up wealthy new customers as the border between the financial hub and mainland China reopened after three years of travel and quarantine restrictions.
Eurozone government bond yields rose on Monday (Jan 9) after falling sharply the previous week, as investors scrutinised economic data for hints about the path of interest rates.
UBS Group predicts an increase in business for its the bank’s key wealth division in Asia this year after a difficult period last year and is looking to add talent, its Asia-Pacific president said.
THE Philippines is returning to the global bond market with a benchmark-sized US dollar bond offer with tenors of 5.5, 10.5 and 25 years, a term sheet showed on Monday.
CENTRAL banks aren’t giving up their inflation fight yet with the peak in interest rates still to come in most economies, but pauses will come at some point in 2023 — and perhaps even pivots.
GOLDMAN Sachs Group is embarking on one of its biggest round of job cuts ever as it locks in on a plan to eliminate about 3,200 positions this week, with the bank’s leadership going deeper than rivals to shed jobs.
JAPANESE Prime Minister Fumio Kishida said on Sunday (Jan 8) that the government and the central bank must discuss their relationship with each other in guiding economic policy, when a new Bank of Japan (BOJ) governor is chosen in April.
