JPMorgan turns heads after signing powerhouse $28B team from Merrill
Reportedly generating $10 million in annual revenue, the powerhouse the Gray-Polverini team is led by Eric Gray and Lance Polverini. They have […]
China’s Ping An sells HSBC shares in US$50 million tantrum after reported protest vote against CEO Noel Quinn
China’s largest insurer Ping An Insurance (Group) has sold HK$392 million (US$50 million) worth of its shares in London-based HSBC in an apparent tantrum days after […]
Bangladesh acts to tame inflation as IMF pledges $1.1bn loan
DHAKA — In a coordinated move economists are hailing as a necessary intervention, Bangladesh has taken three significant steps to tame its […]
ASEAN banks grapple with uncertain U.S. Fed interest rate cuts
SINGAPORE — Banks in the Association of Southeast Asian Nations are grappling with uncertainty over their loan books as evidence of persistent […]
Japan stocks have ‘more upside’ amid weak yen: BlackRock’s Larry Fink
TOKYO — Japan’s economy seems to have “turned a corner,” and its stock market remains inexpensive versus most of its peers, CEO Larry […]
Yellen urges action to curb US mortgage market risks
“The vulnerabilities of nonbank mortgage companies can amplify shocks in the mortgage market and undermine financial stability,” said Yellen at an open […]
US banks face climate risk data challenges, Fed analysis shows
WASHINGTON, May 9 (Reuters) – U.S. banks face significant data and modeling challenges in predicting the impact of climate change on their […]
Azimut posts drop in adjusted net profit, selects spin off staff
May 9 (Reuters) – Italian asset manager Azimut Holding (AZMT.MI), opens new tab said on Thursday it was confident of exceeding its profit target […]
Porch sues China Construction Bank in US over reinsurance fraud losses
May 10 (Reuters) – U.S. insurance and home inspection software provider Porch Group is suing China Construction Bank Corp (CCB) (601939.SS), opens new […]
Egypt’s foreign debt rises $3.5 billion in last quarter of 2023
CAIRO, May 9 (Reuters) – Egypt’s foreign debt climbed by $3.5 billion in the three months to the end of December, according […]
Stocks making the biggest moves after hours: Airbnb, Robinhood, Arm Holdings, Equinix and more
Airbnb — The hoteling company issued disappointing forward guidance, dragging shares down 8%. Airbnb said second-quarter revenue would range between $2.68 billion and […]
British neobank Monzo boosts funding round to $610 million to crack U.S. market, launch pensions
British neobank Monzo said Wednesday that it’s raised another $190 million, lifting the total it’s raised so far this year to $610 […]