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 world’s biggest hedge funds are obtaining “substantially higher” leverage in bond markets than their smaller competitors, thanks to access to near-zero haircuts on repo transactions provided by major dealers, the Bank
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After one of India’s weakest years in decades, some of Wall Street’s biggest names are forecasting a market rebound next year, according to Bloomberg. Morgan Stanley, Citigroup Inc., and Goldman Sachs Group
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Singapore state investment firm Temasek Holdings is in advanced negotiations to acquire a minority stake in Quest Global Services, a deal that would value the engineering solutions provider at approximately $4.6 billion,
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OpenAI may need to raise more than $200 billion in fresh capital by the end of the decade to keep pace with soaring computing demands and global AI competition, according to new
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BlackRock Inc., the world’s largest asset manager, is planning a rapid expansion of its investments in Saudi Arabia and the broader Middle East over the coming years, aiming to capitalize on the
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Since the start of the year, foreign investors have completed $8 billion in Indian banking deals, up from $2.3 billion last year and $1.4 billion in 2023, Dealogic data cited by the
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SitusAMC, a New York-based vendor for real estate lenders, confirmed in a statement on Saturday that it experienced a cyberattack on November 12, compromising certain information from its systems and potentially affecting
More HSBC Holdings Plc is overhauling its trading division as part of Chief Executive Officer Georges Elhedery’s drive to transform the bank into a debt financing powerhouse. According to a memo seen by
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HSBC Holdings Plc Chief Executive Georges Elhedery has warned that the world is becoming increasingly fragmented, with certain high-value assets such as semiconductors, next-generation AI code, and data being treated as national
More HSBC Holdings Plc announced on Thursday that Andrew Wild, its chief executive officer for continental Europe, will step down from his role at the end of the year, citing family reasons. The
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