China reduced its holdings of US Treasuries to an 18-year low in July, highlighting a broader retreat by foreign holders of American government debt as concerns over the sustainability of Washington’s finances
Inside JPMorgan Chase & Co.’s investment banking division, executives are sounding a note of caution on the rising optimism surrounding nuclear energy in the United States. “We’ve spent so much time on
More
In a potential pivot for India’s cryptocurrency stance, Finance Minister Nirmala Sitharaman on Friday stated that countries must “prepare to engage” with stablecoins, whether they are ready or not. Her remarks, made
More
by Our Economic Affairs Editor The Bank for International Settlements (BIS), a name that to the uninitiated might sound benign, bureaucratic, and perhaps faintly dull, has long been cloaked in a veil
More
Kuwait Petroleum Corp. (KPC) has enlisted JPMorgan Chase & Co. to advise on a potential leasing deal involving part of its pipeline network, according to people familiar with the matter. The state-run
More
HSBC faces a period of uncertainty as Mark Tucker prepares to step down as chair on Tuesday, ending an eight-year tenure at Europe’s largest lender. The departure leaves the bank without a
More
NDB Bank reaffirmed its commitment to supporting Sri Lanka’s exporters by hosting a successful Exporter Forum in Kandy, bringing together exporters, business leaders, and key stakeholders to share insights and explore strategies
More
HSBC Sri Lanka has agreed to sell its retail banking business to Nations Trust Bank PLC (NTB) in a landmark deal valued at LKR 18 billion. The transaction, announced today, includes HSBC’s
More
New Zealand is poised to appoint a woman to lead its central bank for the first time, a move aimed at restoring credibility after a period of leadership turmoil, according to a
More
Sherard Cowper-Coles, HSBC Holdings Plc’s former head of public affairs, is reportedly considering a senior role at the Asian Infrastructure Investment Bank (AIIB) in Beijing, according to people familiar with the matter,
More JPMorgan Chase & Co. is ramping up its mid-cap banking operations in Austria and central Europe, targeting private and family-owned businesses with dedicated relationship managers. The U.S. banking giant has appointed Philippe
More
Deutsche Bank (NYSE:DB) Chief Executive Officer Christian Sewing is facing a multimillion-pound lawsuit brought by former employees who claim that a flawed internal audit, overseen during his tenure as chief auditor, damaged
More
by Our Correspondent in Colombo A Sri Lankan state-owned bank has reportedly refused to open an account for a Russian diplomat posted in Colombo, drawing attention to possible implications for Sri Lanka’s
More
Bank of America Corp. is preparing a shake-up of its senior leadership as it looks to narrow the pool of potential successors to Chief Executive Officer Brian Moynihan, Bloomberg reported, citing people
More
China is preparing to address a massive backlog of unpaid bills owed by local governments to the private sector, estimated by some sources to exceed $1 trillion, according to people familiar with
More
When HSBC Holdings Plc’s departing chief executive Noel Quinn walked out of the bank’s London headquarters for the final time in September 2024, he shared a heartfelt hug with his successor, Georges
More