INDIA’S biggest merger ever will likely take away from the rupee bond market one of its top issuers, an absence that may weigh on debt sales and arrangement fees for banks.
NOMURA Holdings is set to offer wealth management services in Dubai as the Japanese firm expands its Middle East presence to tap a growing pool of rich clients and flow of funds to the region.
GOLDMAN Sachs Group plans to stop originating unsecured consumer loans, a source familiar with the move told Reuters on Monday (Dec 12), in another sign the bank is stepping back from its consumer business.
INDIA could attract close to US$10 billion in renewable energy investment in 2023, a bright spot as public markets remain largely shut to big-ticket capital raising, according to Bank of America’s top executives in the country.
THE Bahamas police have arrested former FTX CEO Sam Bankman-Fried, the country’s attorney general said in a statement on Monday, adding that The Bahamas has received formal notification from the United States of criminal charges against him. REUTERS
THE dollar eased on Monday (Dec 12) but its losses were contained by data last week that showed US wholesale inflation rose more than expected last month, reinforcing the view that the Federal Reserve may have to keep interest rates higher for longer.
CHINA’S credit expanded at a slightly slower pace than expected in November after plunging in the previous month, despite efforts by the central bank to boost lending and ease restrictions on property loans.
CREDIT Suisse Group’s chief executive officer of Greater China, Carsten Stoehr, is leaving the embattled bank, marking the most senior departure for its China business.
