HSBC plans new round of investment bank job cuts next week, starting in Asia, say sources
HSBC Holdings Plc is kicking off a fresh round of job cuts at its investment bank as new Chief Executive Officer Georges ...
Why are U.S. banks flying gold from London to New York?
JPMorgan and HSBC – who have access to huge gold supplies in London – often lend out bullion to borrowers who need to use it ...
BusinessMirror12h
2 Pinoys nabbed in HK for trying to withdraw US$10B with fake docs
THE Department of Foreign Affairs has confirmed that two Filipinos were arrested in Hong Kong for trying to withdraw US$10 billion using fake documents. Citing a report from the Philippine Consulate ...
The Edge Singapore15h
With ‘ample’ fiscal ammo, HSBC expects ‘generous’ Budget 2025
Apart from fiscal policy, HSBC expects the Monetary Authority of Singapore (MAS) to remain on pause for the remainder of 2025 ...
Global Trade Review (GTR)18h
Shriram Finance bags untied Sace facility
Indian non-bank lender Shriram Finance has struck a US$500mn agreement with a group of banks and Italy’s export credit agency ...
Pound Climbs to 2025 High After Worst Start to Year Among Peers
The pound climbed to its highest level this year against the dollar as traders covered short positions built up during a ...
Procter & Gamble stock leads Dow Jones lower
Procter & Gamble (PG) stock was the worst performer in the Dow Jones Industrial Average (DJIA) on Friday. Normally a less ...
Ameriprise Financial: Strong Asset Growth and Client Cash Revenue Expected Ahead; Valuation Intact
The company’s diversification across wealth management, asset management, and insurance muddies the company’s financials, and investors might discount the company’s valuation because of this.
Crypto Biz: Goldman Sachs stacks ETH, BTC
The investment bank’s first foray into crypto ETFs was in the second quarter of 2024, when it purchased $418 billion worth of ...