JPMorgan cuts at least six investment banking jobs in Hong Kong
The U.S. bank laid off at least six bankers in Hong Kong this week, the sources said, who declined to be named as they are not authorised to speak to media.
The U.S. bank laid off at least six bankers in Hong Kong this week, the sources said, who declined to be named as they are not authorised to speak to media.
INDIA-MARKETS-Rupee flat as traders remain wary of central bank intervention at weaker levels
Voting in India's national elections began on April 19 and will conclude on June 1, with counting on June 4. Typically, government spending slows during polls and picks up only after a new government is in place and a budget is presented.
SWISS-SNB/Swiss National Bank exploring ways to tokenise financial assets
Macquarie's Banking and Financial Services Group, which contributed 15.5% to the infrastructure investor's fiscal 2023 net operating income of A$19.12 billion ($12.33 billion), said the change will not impact existing customers. Car loan applications through direct as well as broker and novated leasing channels are required to be settled before May 17, Macquarie said.
"The capital markets union is higher on the European policy agenda than it has been for years," Sewing, who is president of the German private bankers association BdB, told the German banking day on Monday.
The Swiss government this month set out proposals aimed at making the banking sector more robust and in particular to prevent UBS from suffering the kind of collapse that hit its long-term rival Credit Suisse. UBS bought Credit Suisse after its implosion, stirring fears that the enlarged bank had the potential to upend the economy.
INDIA-MARKETS/BONDS (UPDATE 1, PIX)UPDATE 1-India's 6-week long national election leaves cenbank with liquidity dilemma
INDIA-EXCHANGES-India's exchanges spar for dominance in hot derivatives market
Kotak's net interest income, the difference between interest earned and paid out, increased 21% on-year to 260 billion rupees.
HSBC's chairman Mark Tucker reassured shareholders at the annual meeting that the bank has no immediate plans to sell more assets, signaling a shift in strategy for the banking giant. This comes after CEO Noel Quinn's unexpected retirement and a series of asset sales in Western markets as HSBC refocuses on its Asian operations.