Citi fined $79 mln by UK regulators over trading failures
LONDON, May 22 (Reuters) – UK regulators fined Citigroup (C.N), opens new tab 61.6 million pounds ($78.5 million) for controls failings in its trading […]
HEDGE FLOW Hedge funds buy Chinese stocks for fourth consecutive week
HONG KONG, May 22 (Reuters) – Global hedge funds added to their holdings of Chinese equities for a fourth straight week, joining […]
JPMorgan CEO Jamie Dimon signals retirement is closer than ever
Jamie Dimon’s days as CEO of JPMorgan Chase are numbered — though it is unclear by how much. In a response to a question […]
Exclusive | Dubai prince Ali Al Maktoum returning to Hong Kong within weeks to open US$500 million family office, with chance to ‘clear the air’
A top Hong Kong aide of Dubai Sheikh Ali Rashed Ali Saeed Al Maktoum has reaffirmed a plan of his return to […]
The European Central Bank holds 20% of Atos bonds, La Lettre says
PARIS, May 20 (Reuters) – The European Central Bank holds about 20% of French IT consulting firm Atos’ bonds, making it the […]
Exclusive: Emirati bank FAB in advanced talks to buy Turkey’s Yapi Kredi
ISTANBUL, May 21 (Reuters) – First Abu Dhabi Bank (FAB) (FAB.AD), opens new tab is in advanced talks to acquire Turkish conglomerate Koc Group’s (KCHOL.IS), […]
China to nurture stock rally by masking live foreign flows data
China is set to switch off a live feed of foreign flows for stocks as early as Monday, the latest policy move […]
Exclusive | Hong Kong’s family office measures succeed in attracting global interest: JPMorgan Private Bank
Hong Kong’s tax breaks and immigration policies to attract tycoons to set up family offices have been quite successful, as they have […]
Goldman Sachs leads bullish chorus on Chinese stocks, as Morgan Stanley and JPMorgan’s private bank remain cautious
A spectacular run in Chinese stocks has divided global investment banks into two camps, with Goldman Sachs, UBS Group and HSBC Holdings […]
China’s capital markets set for ‘renewed growth for many years to come’ after Beijing’s rescue actions: investors
Consumer sentiment and business confidence will pick up now that China has introduced a series of “pragmatic” measures to revive the property […]
Global equity funds draw inflows on rate cut hopes, soft US economic data
May 17 (Reuters) – Global equity funds experienced strong demand for the third consecutive week, in the seven days to May 15, […]
Crypto lender Genesis to return $3 billion to customers in bankruptcy wind-down
NEW YORK, May 17 (Reuters) – Crypto lender Genesis Global received court approval on Friday to return about $3 billion in cash […]