Posts by Yurie Miyazawa
Morgan Stanley widens gap as banks’ wealth units add US$5 trillion
MORGAN Stanley’s record quarter in wealth management capped a banner period for one of Wall Street’s most-profitable businesses. Client assets at retail brokerage Charles Schwab and the wealth arms of the six largest US banks surged US$5 trillion in the 12 months through September. That represented a 23 per cent jump as the group’s…
Read MoreJamie Dimon charts JPMorgan expansion plan into Africa
JPMORGAN Chase, the largest US lender, plans to enter Kenya and Ivory Coast this year and grow its footprint in Africa, CEO Jamie Dimon told Reuters. International markets are a growth area for JPMorgan, which has more than US$4.2 trillion in assets and operates in over 100 countries. That compares with Citigroup, which does business…
Read MoreEntertainment firm Neon picks banks for Singapore IPO to raise up to S$500 million
Immersive entertainment group Neon has picked financial advisers for its potential initial public offering in Singapore, according to people with knowledge of the matter. Neon has chosen DBS Group Holdings, HSBC Holdings, Morgan Stanley and UBS Group to help with the first-time share sale, the people said, asking not to be identified as the process…
Read MoreKKR to launch sale of Goodpack, valued at around US$1.8 billion: sources
KKR is set to launch the sale of Singapore-based Goodpack in a deal that could value the provider of shipping containers and logistics services at around US$1.8 billion, people with knowledge of the matter said. The private equity giant has hired Deutsche Bank and Rippledot to advise on the sale and a formal process will…
Read MoreHorizon Robotics seeks US$696 million in Hong Kong IPO, in what would be city’s largest in 2024
CHINESE autonomous driving firm Horizon Robotics is aiming to raise up to US$696 million in a Hong Kong initial public offering (IPO), as the city’s listings market shows signs of renewed activity after a nearly two-year slump. The company will sell 1.36 billion shares in a price range of HK$3.73 to HK$3.99 each, according to…
Read MoreGoldman’s Saudi Arabia CEO to leave after decade in role
He is also the managing director of the US bank’s asset management division in the country GOLDMAN Sachs’ top executive in Saudi Arabia will leave the bank after nearly a decade running its operations in the Middle East’s biggest economy, sources said. Khalid Albdah, chief executive officer of the company’s Saudi Arabia operations since 2015,…
Read MoreReits results at a glance
S-Reits and business trusts financial results for period ended June 30, 2024
Read MoreTrump’s crypto platform falters on first day of sales
FORMER US president Donald Trump’s cryptocurrency platform had a faltering sales launch Tuesday, with only a fraction of its digital tokens that went on the market finding a buyer. The Republican candidate announced in mid-September that he, along with his sons and entrepreneurs, would launch the platform named World Liberty Financial. Some 20 billion digital…
Read MoreStocks to watch: SIA, CDLHT, Straits Trading, Civmec, Food Innovators
THE following companies saw new developments that may affect trading of their securities on Wednesday (Oct 16):
Read MoreExceptional circumstances behind government’s no-go stance on Allianz’s bid for Income: observers
They say the state is right to focus on Income’s social mission, and do not believe the blocked deal will put a chill on the insurance M&A scene WHILE the deal between Allianz and Income Insurance seems faultless from a monetary perspective, market observers have said that the government is right to focus on Income’s…
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