WITH just two weeks under his belt as the new chief executive officer of HSBC Holdings, Georges Elhedery has made it clear he’s looking to make his mark on the bank.
BITCOIN retreated ahead of a widely expected interest-rate reduction by the Federal Reserve, a looming policy change due later this week that has global markets on edge.
CITIGROUP plans to add talent in Hong Kong as it’s bullish on the city and its links with the surrounding Greater Bay Area in mainland China, according to its wealth chief.
PWC is making “tangible investments” to ensure the Big Four firm has high quality and sustainable business in China, it said in a memo to staff after Chinese regulators on Friday hit the company’s mainland unit with a record penalty.
THE focus of a lengthy probe into PricewaterhouseCoopers’s (PwC) China business now shifts to Hong Kong after the accounting firm was hit with a record fine in the mainland over its audit of failed developer China Evergrande Group.
THE world economy’s tectonic plates will shift this week when a US easing cycle begins, just as officials from Europe to Asia set policy against a backdrop of brittle markets.
SINGAPORE banks are unlikely to face any near-term impact from a proposal by Australia’s banking regulator to phase out the use of additional tier-1 (AT1) bonds, analysts said.
THE yen reached the highest level this year versus the dollar amid bets that Japanese monetary authorities will deliver further policy tightening this year, while markets braced for an expected interest-rate cut from the Federal Reserve next week.
HSBC Holdings is in talks to sell its South African corporate banking unit to FirstRand’s Rand Merchant Bank, people with knowledge of the matter said, as the UK lender sells non-core assets.
THE dollar fell on Friday (Sep 13) to its lowest level this year against the Japanese yen after media reports reignited the debate about an outsized Federal Reserve rate cut next week.
