SINGAPORE-based multi-family office Farro Capital says it has amassed more than US$1 billion in assets under management just four months after it launched, highlighting the city-state’s rise as a hub for wealthy clans.
BANKS and asset managers have set up a new task-force to study whether Europe should keep up with Wall Street by halving the time it takes to settle share trades.
THE world’s ultra-richest saw their fortunes shrink by 10 per cent in 2022, due to the war in Ukraine, a study said on Wednesday, but the outlook for them this year is bright.
ROYAL Bank of Canada on Wednesday (Mar 1) posted a decline in first-quarter profit, as the lender set aside higher provisions to brace for potential loan defaults amid a challenging macro environment.
Bank of England Governor Andrew Bailey said on Wednesday that it was possible the central bank had already come to the end of its rate-rising cycle, although it was too soon to be sure about the future path of policy.
GERMANY’S Bundesbank recorded its first loss in over four decades last year as a string of European Central Bank rate hikes reduced the value of its bond holdings and also generated a loss on ultra cheap loans to commercial banks, it said on Wednesday (Mar 1).
INTEREST rates on the latest issuance of Singapore Savings Bonds (SSBs), which opened on Wednesday (Mar 1), have risen again, following a series of declines in recent months.
PAN-EUROPEAN bourse Euronext has withdrawn an indicative 5.5 billion euro (S$7.9 billion) offer for investment platform Allfunds Group, after both sides were unable to agree on the terms of a takeover.
GOLDMAN Sachs raised its estimate for a peak interest-rate hike by the European Central Bank (ECB) for the second time in as many weeks; it now expects rates to go up by 50 basis points (bps) at the central bank’s May meeting.
GOLDMAN Sachs raised its estimate for a peak interest-rate hike by the European Central Bank (ECB) for the second time in as many weeks; it now expects rates to go up by 50 basis points (bps) at the central bank’s May meeting.
