by Our Correspondent in Colombo Serious allegations have emerged in Sri Lanka against Hatton National Bank (HNB), a prominent private sector bank, with multiple customers claiming that the institution has been quietly
The chief executive of HSBC is considering a potential sale of the bank’s life insurance operations in Singapore, a move that could fetch more than $1 billion and mark another significant step
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BlackRock, the world’s largest investment manager, reported a fourth-quarter profit that comfortably exceeded Wall Street expectations, buoyed by a robust rally in American financial markets and surging fee income. Assets under management
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Goldman Sachs shattered Wall Street records in the final quarter of 2025, reporting $4.3 billion in equities trading revenue—a 25 percent increase year-on-year and the highest ever recorded by a bank. The
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International Monetary Fund Managing Director Kristalina Georgieva has thrown her support behind U.S. Federal Reserve Chair Jerome Powell, warning that eroding central bank independence risks economic stability at home and abroad. Speaking
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A group of the world’s most influential central banks, working alongside more than 40 major commercial lenders, is preparing to intensify testing of a digital payments platform designed to modernize how money
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Full-page advertisements published this week by Hatton National Bank and Commercial Bank have once again exposed a deeply entrenched culture in Sri Lanka where prestige is not earned but purchased. Splashing newspaper
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Michael Platt’s private investment firm, BlueCrest Capital Management, delivered a striking gain of about 73 per cent last year, capitalising on market volatility and comfortably outperforming major stock indices. The result reinforces
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Editor’s Note: This article draws on a detailed analytical bulletin issued by the Bank for International Settlements and authored by Iñaki Aldasoro, Sebastian Doerr and Daniel Rees, which examines how the global
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JPMorgan Chase has announced that its asset-management unit will sever all ties with external proxy advisory firms, a move described by The Wall Street Journal as unprecedented among major investment firms. Effective
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J.P. Morgan announced on Monday the creation of its Special Advisory Services unit, designed to provide strategic guidance on emerging themes including artificial intelligence, cybersecurity, digital assets, healthcare, geopolitics, supply chains, and
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