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 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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HSBC has relaunched its search for a new chair after failing to finalize a shortlist from an initial pool of over 100 candidates, according to a report by the Financial Times. The
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Deutsche Bank CEO Christian Sewing is facing mounting scrutiny after being drawn into a €152 million civil lawsuit that alleges his involvement in a flawed internal audit linked to a high-profile financial
More The Bank for International Settlements (BIS) has issued a stark warning about the fragility of the modern global financial system, emphasizing that despite significant changes since the 2007–09 financial crisis, the core
More Deutsche Bank has revealed that it could face a significantly larger capital impact than previously expected under the upcoming Basel IV banking reforms, which overhaul how lenders calculate risk across their portfolios.
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