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
HSBC has launched bankruptcy petitions against Aidan and Howard Barclay, senior members of the Barclay family, as the bank seeks repayment for debts linked to the family’s collapsed logistics business, Times UK
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HSBC Holdings has hired former Citigroup executive Ida Liu to run its global private banking business, according to people familiar with the matter, marking a key leadership appointment as the bank reshapes
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SoftBank Group is racing to assemble a $22.5 billion funding commitment to OpenAI by the end of the year, turning to asset sales, balance-sheet cash and potential borrowing as founder Masayoshi Son
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India’s securities regulator, the Securities and Exchange Board of India (SEBI), is planning significant reforms to its merger and acquisition rules, including barring acquiring companies from offering higher prices or additional compensation
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JPMorgan Chase has withdrawn almost $350 billion in cash from its account at the Federal Reserve since 2023, redirecting much of the money into US government debt as it prepares for an
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Australia will lock in A$20 billion ($13.3 billion) in savings in its mid-year budget update to be released Wednesday, as the government moves to contain mounting spending pressures, Treasurer Jim Chalmers said.
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The military-led governments of Mali, Burkina Faso, and Niger have established a regional investment bank with an initial capital of 500 billion CFA francs ($895 million) to finance infrastructure, energy, and agricultural
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Japan’s SoftBank Group and U.S. chip giant Nvidia are in advanced talks to pour more than $1 billion into Skild AI, a fast-rising developer of foundation models for robots, according to sources
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Capital Group, the world’s largest active-only money manager, is stepping into a more high-profile phase, launching a strategic push to expand its private-market offerings and attract retail investors, Bloomberg reports. The $3.3
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HSBC Holdings has appointed interim chairman Brendan Nelson to the role on a permanent basis, marking an unexpected conclusion to the bank’s seven-month search for a successor to former chair Mark Tucker.
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