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
JPMorgan Chase & Co. is exploring a significant risk transfer involving a $2 billion portfolio of loans used to finance private jets, according to people familiar with the matter. The potential size
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HSBC Holdings Plc plans to take its Hong Kong-based subsidiary, Hang Seng Bank Ltd., private in a deal valued at approximately $37 billion, signaling a major bet on the city’s financial recovery
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Goldman Sachs Group Inc. is pursuing a significant risk transfer tied to about $5 billion of corporate loans, according to a Bloomberg report citing people familiar with the matter. The move marks
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JPMorgan Chase & Co. is once again grappling with the aftershocks of its ill-fated 2021 acquisition of the student-loan startup Frank—this time in the form of a staggering $115 million in legal
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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
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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
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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
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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
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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
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