Tag: banking

Surging U.S. yields and a surfeit of cash in the local banking system have pushed the Hong Kong dollar to its weakest since late-2019, near levels at which the central bank might be forced to defend ... ( read original story ...)

Wall Street bank Goldman Sachs reported rival Morgan Stanley to Hong Kong's financial regulator over a series of block trades, or large sales of shares, the Financial Times reported on Thursday, ... ( read original story ...)

The Hong Kong stock market has finished lower in two straight sessions, retreating more than 570 points or 2.5 percent along the way. The Hang Seng now rests just beneath the 20,950-point plateau and ... ( read original story ...)

FTI Consulting, Inc. (NYSE: FCN) today announced the addition of Senior Managing Director Jackie Yu and Managing Director Lilian Sin to the firm’s Financial Crime Compliance practice within the ... ( read original story ...)

Should it achieve the high end of its price target, it would be in a two-horse race for biggest IPO of 2022 with private equity firm PAG, which is also aiming for up to US$2 billion according to ... ( read original story ...)

JPMorgan Chase & Co. was removed as the most senior underwriter for Kingsoft Cloud Holdings Ltd.’s Hong Kong stock offering after one of the bank’s analysts cut the share-price target for the Chinese ... ( read original story ...)

Hong Kong stocks opened in the red on Wednesday ... The Reserve Bank of India (RBI) has tightened norms for non-banking finance companies (NBFCs), barring them from lending to businesses that ... ( read original story ...)

Asia-Pacific stocks were mixed in Tuesday trade, with shares in Hong Kong leading losses regionally as the Hang Seng index fell nearly 2%. The People's Bank of China announced Monday it will increase ... ( read original story ...)

There was a strong storm in NYC last night. The wind howled like a hurricane, waking me up several times. My patchy sleep was similar to Asian markets, which were mixed overnight. ( read original story ...)

The Shanghai Composite index lost less than 0.1 percent to 3,194.03, while most other regional markets advanced. Tokyo’s Nikkei 225 index rose 0.7 percent to 26,985.09 and the Kospi in Seoul added 1 ... ( read original story ...)

Faster Payment System (FPS) reached 10.1 million registrations in March The pandemic has accelerated digitisation, CEO of virtual bank Livi says Registrations for a digital payments system developed ... ( read original story ...)

Singapore-based, Hong Kong-listed BOC Aviation has appointed Chan Mui Sin as head of treasury, replacing Peter Davis, who will remain with the company until his retirement on 31 May to ensure a smooth ... ( read original story ...)

SINGAPORE: A 73-year-old Singaporean man was charged in Hong Kong on Saturday (Apr 16) for allegedly robbing a bank in Kowloon, escaping with HK$14,000 (S$2,400) in cash. According to Hong Kong police ... ( read original story ...)

Stocks slide as trading resumes after a two-day holiday. Bad news comes in the form of weak easing signals from the People’s Bank of China and a slump in China Merchants Bank. ( read original story ...)