BANKERS in New York and London are brac.ing for year-end bonuses that recruiters estimate are 30 per cent to 50 per cent lower, while some may receive none at all as dealmaking sputters and economic gloom sets takes hold.
JPMORGAN Chase is upping its climate ambitions, announcing a slew of new emissions reductions targets for its financing to carbon-intensive businesses, including airlines and cement manufacturers.
THE Swiss National Bank (SNB) bought 12.8 billion Swiss francs (S$18.7 billion) of foreign currencies during the third quarter of this year, data showed on Thursday (Dec 22), a surprise after the central bank sold 52 billion francs of forex in the first half.
CREDIT Suisse has sold one of its buildings in the heart of Geneva for just over US$217 million to an investment foundation, the foundation confirmed on Thursday (Dec 22).
GLOBAL private banks are rushing to hire advisers for India’s rich, as China’s slowdown and a gloomier global outlook turn the nation into a bright spot for wealth management.
JAPAN will again resort to bond issuance to help fund another year of record spending, with the Bank of Japan’s surprise policy move this week set to put pressure on borrowing costs going forward.
EVEN by the extreme standards of cryptocurrency trading, the past few weeks have been a wild ride for Binance, the world’s biggest exchange for crypto assets.
FEDERAL prosecutors on Wednesday (Dec 21) said they have charged Caroline Ellison, the former CEO of Alameda Research, and Zixiao (Gary) Wang, the former Chief Technology Officer of FTX Trading Ltd. (FTX) with defrauding investors in the crypto trading platform.
FEDERAL prosecutors on Wednesday (Dec 21) said they have charged Caroline Ellison, the former CEO of Alameda Research, and Zixiao (Gary) Wang, the former Chief Technology Officer of FTX Trading Ltd. (FTX) with defrauding investors in the crypto trading platform.
REFINANCING, dealmaking and liquidity raising are expected to carry the US blue-chip corporate loan market in 2023, following this year’s decline from a record peak.
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