UK PAY growth cooled to a two-year low in the three months through July, another step down in wage pressures that keep the Bank of England on track to cut interest rates again this year.
DBS Group Holdings is considering forming insurance partnerships in India and Taiwan to expand its services in the region, according to people familiar with the matter.
FAMILY offices in the Asia-Pacific expect growth in both their family wealth and assets under management (AUM) despite geopolitical instability and uncertain market conditions, based on a report jointly released by Deloitte Private and Raffles Family Office on Tuesday (Sep 10).
CHINA is returning to the international debt market after a three-year hiatus, planning to sell euro-denominated bonds amid a likely interest rate cut by the European Central Bank (ECB).
GOLDMAN Sachs’ trading revenue will probably slip 10 per cent in the third quarter because of sluggish conditions last month, CEO David Solomon said on Monday.
THE biggest US banks would face a 9 per cent increase in capital requirements – a dramatic retreat from the original plan – after regulators agreed to sweeping changes to a proposed package of rules, according to sources familiar with the matter.
AUSTRALIA’S banking regulator has proposed lenders phase out the use of additional tier 1 (AT1) bonds – the kind of securities that were wiped out after Credit Suisse Group’s collapse – to strengthen their capital holdings in the event of a crisis.
LONG-DELAYED reforms to the Reserve Bank of Australia (RBA) could be dead in the water after the Liberal National opposition decided to oppose them in parliament, Treasurer Jim Chalmers said on Tuesday.
CITIGROUP’S investment banking fees are expected to jump 20 per cent in the third quarter from a year earlier, chief financial officer Mark Mason told investors at a conference in New York on Monday (Sep 9).
HSBC Holdings is weighing combining its commercial and investment bank divisions as part of new chief executive officer Georges Elhedery’s push to eliminate overlapping roles across the company and shed expenses.
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