Banking
Banking giants race to Riyadh as MBS steps up pressure campaign
WHEN Deutsche Bank last month brought back its former CEO for the Middle East and Africa, the reappointment came with a twist: Unlike his prior stint at the German...
OCBC should be seen as ‘financial conglomerate’ unlike local banking peers, says chairman
OCBC should be seen as a financial conglomerate of many parts, setting it apart from the other two local banks in Singapore, said its chairman Andrew Lee.
Speaking at...
Barclays says it’s winning Asia banking business from US firms
BARCLAYS said it’s gaining market share in Asia from some US rivals after it hired almost a dozen senior sales and trading staff in the past year to accelerate...
Barclays says it is winning Asia banking business from US firms
BARCLAYS said that it is gaining market share in Asia from some US rivals after it hired almost a dozen senior sales and trading staff in the past year...
Basel Committee adds climate risks to banking supervision standards
THE Basel Committee on Thursday approved an update of its banking supervision guidelines that includes risks from climate changes and the digitalisation of finance.The changes to its “core principles...
Deutsche Bank has cut dozens in Asia private banking overhaul
DEUTSCHE Bank trimmed 10 private banking roles in Asia over the past week, adding to dozens of cuts in recent quarters as it zooms in on more profitable markets...
Morgan Stanley, HSBC cutting dozens of Asia investment banking jobs as deals slump
MORGAN Stanley and HSBC are cutting dozens of investment banking jobs in the Asia Pacific this week, sources with knowledge of the matter said, as weaker deal activities and...
Morgan Stanley’s profit rises as investment banking recovers
MORGAN Stanley’s profit rose in the first quarter, lifted by a resurgence in investment banking.
The Wall Street bank on Tuesday (Apr 16) reported net income of US$3.4 billion, or...