JPMORGAN and Standard Chartered won Chinese regulatory approval on Thursday to expand operations in China as it encourages expansion by foreign companies after lifting its restrictive Covid-19 policies.
FTX’s controversial FTT token surged by more than 40 per cent after the bankrupt company’s new chief executive, John J Ray III, said that he’s exploring the possibility of restarting the crypto exchange.
JPMORGAN Chase & Co kept chief executive officer Jamie Dimon’s total compensation at US$34.5 million for his work in 2022, a year in which the firm’s profit fell by almost a quarter and the stock notched its worst annual performance in over a decade.
UBS Group is recommending investors to buy European credit amid signs of distress in the US loan markets, cracks emerging in private credit and a potentially severe downside risk in US high-yield debt.
NEXO Capital has agreed to pay US$45 million in penalties to settle charges from the US Securities and Exchange Commission (SEC) and state regulators that the crypto firm failed to register its crypto asset lending product, the SEC said on Thursday.
CAPITAL One Financial eliminated hundreds of technology positions this week, the result of the credit-card giant spending years investing in systems meant to improve its efficiency.
BANK of England Governor Andrew Bailey said that two months of declines in the UK’s headline inflation rate is a signal that the economy may be getting past the worst in a cost-of-living squeeze.
THE dollar slipped on Thursday (Jan 19), after a raft of data showed the US economy is losing momentum, while the yen rebounded as traders continued to bet the Bank of Japan (BOJ) would shift away from ultra-loose monetary policy.
EUROZONE government bond yields rose on Thursday (Jan 19) after European Central Bank President Christine Lagarde poured cold water on speculation about a slowdown in its monetary tightening path.
