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
Editor’s Note: The following article is based on an interview with JPMorgan Chase CEO Jamie Dimon conducted by CBS Evening News. JPMorgan Chase CEO Jamie Dimon speaks with the authority of a
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Swiss lawmakers have privately assured senior UBS executives that they intend to moderate the toughest elements of the government’s proposed “too big to fail” reforms, according to people familiar with the discussions,
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A detailed investigation by The Wall Street Journal has revealed that four of the largest private-credit funds—managed by Apollo Global Management, Ares Management, Blackstone, and Blue Owl Capital—have more exposure to software
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Bank of America has reached a $72.5 million settlement to resolve a class-action lawsuit accusing the bank of facilitating the sex-trafficking operations of convicted financier Jeffrey Epstein. Court filings on Friday indicated
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UBS has suspended withdrawals from a €400mn European real estate fund for up to three years, in a dramatic move that underscores growing investor anxiety over global economic instability linked to escalating
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JPMorgan Chase is intensifying its scrutiny of private credit as turbulence in the software sector rattles investors and fund managers, according to reporting by the Wall Street Journal. Chief Executive Jamie Dimon,
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The former top lawyer at Goldman Sachs has come under intense scrutiny after it emerged that her compensation rose to $25 million last year despite mounting controversy over her links to Jeffrey
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The Bank of England kept UK interest rates unchanged at 3.75 per cent today, but governor Andrew Bailey signaled that persistent energy disruptions from the ongoing US-Israeli war with Iran could trigger
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JPMorgan Chase has begun monitoring the digital activity of its junior investment bankers to assess whether their reported working hours accurately reflect their actual workload, as part of a new effort to
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Goldman Sachs Group Inc. and JPMorgan Chase & Co. are offering hedge fund clients ways to bet against the private credit market, according to people familiar with the matter. Both banks have
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