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
JPMorgan Chase has hired a record number of senior commercial and investment bankers over the past year, in a sweeping recruitment campaign aimed at boosting its market share across key sectors and
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The US Department of Justice (DOJ) has asked a court to dismiss allegations that it failed to properly investigate sanctions violations by Standard Chartered, a case that has drawn attention at the
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JPMorgan Chase is opening the doors to its new $3 billion headquarters in midtown Manhattan, a 60-storey tower that has been described by employees as a monument to chief executive Jamie Dimon’s
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The Commonwealth Bank of Australia (CBA) has scrapped plans to eliminate 45 customer service roles after pressure from the Finance Sector Union (FSU), which challenged the bank’s reliance on artificial intelligence as
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U.S. equities tumbled this week, with the S&P 500 shedding roughly $1 trillion in market value as a tech-driven selloff intensified ahead of anticipated Federal Reserve guidance on interest rates. The S&P
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National Australia Bank Ltd. (NAB) said it will take a one-off charge of A$130 million ($85 million) and launch a comprehensive review of its payroll systems after discovering that a range of
More JPMorgan Chase is weighing plans to construct a new tower at Canary Wharf as it assesses the long-term future of its European headquarters in London. The US banking giant is examining whether
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Banks and companies across emerging markets are rushing to international debt markets at the fastest pace in four years, taking advantage of lower borrowing costs as investors demand the smallest premium over
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HSBC, Europe’s largest bank and Hong Kong’s biggest lender, has flagged nearly three-quarters of its commercial property loans in Hong Kong as risky, highlighting growing concerns amid a prolonged slump in retail
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HSBC has reported a sharper-than-expected fall in profits, weighed down by multi-billion-dollar charges linked to its Chinese operations. According to Times UK, Europe’s largest bank saw its pre-tax profits tumble by 26.7%
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Reinforcing its commitment to accelerating digital transformation among small and medium-sized enterprises (SMEs), NDB Bank recently hosted a dynamic SME Digital Forum in Avissawella. The event marked another milestone in the bank’s
More HSBC Holdings Plc is reducing its equities sales and trading team in Germany as part of a broader effort to streamline its global investment banking operations under CEO Georges Elhedery’s ongoing restructuring
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Borrowing costs for top-rated emerging market (EM) governments and corporations have dropped to levels not seen since before the 2008 global financial crisis, as investors increasingly move away from traditional safe assets
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McKinsey & Company has reportedly instructed its China operations to cease consultancy work related to generative artificial intelligence (AI), effectively sidelining itself from one of the fastest-growing and potentially most lucrative markets
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UK fintech firm Wise is facing a shareholder rebellion after co-founder Taavet Hinrikus publicly opposed the company’s proposed shift of its primary stock listing to the United States, citing concerns over corporate
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