OCTIFI'S press release late last month rolled easily off the list of accolades of its founder, Ed Chin. Veteran on Wall Street, specialist in trading distressed consumer and mortgage credit, and former managing director at Goldman Sachs.
WITH Asia primed to undergo a significant wealth transfer over the next decade, competition among banks to serve the region's ultra-rich families looks to intensify, with the next generation of wealth holders expected to further consolidate their banking relationships.
U.S.-listed shares of major cannabis producers surged on Thursday after Democratic vice president nominee Kamala Harris said the Biden administration would decriminalize marijuana at the federal level in the United States if they were elected.
Wall Street firms expect the Federal Reserve to start paring back its bond-buying next year, and phase it out completely by the second half of 2023, the New York Fed’s latest survey of primary dealers shows.
U.S. stocks ended higher on Thursday as comments by U.S. President Donald Trump fueled hopes of fresh fiscal support, while data underscored the view that the labor market recovery was struggling to gain momentum.
U.S. passenger railroad Amtrak said Thursday that without a new government bailout it could be forced to cut additional train service and cut spending that could lead to the loss of another 2,400 total jobs.
AT&T Inc's WarnerMedia is preparing a restructuring that aims to cut costs by as much as 20per cent and would result in layoffs, the Wall Street Journal reported on Thursday, citing people familiar with the matter.
GameStop Corp and Microsoft Corp on Thursday signed a multi-year partnership agreement under which the videogame retailer will use the software maker's cloud and hardware services to streamline its business.
Morgan Stanley will pay a US$60 million penalty after a U.S. banking regulator found the firm lacked proper oversight as it decommissioned two business data centers.
Hurricane Delta raked across the prime US offshore oil producing areas in the Gulf of Mexico on Thursday as energy companies pulled workers from offshore platforms and began securing coastal processing plants.
