Page 391 


HSBC's ties to tycoon reaps benefits

Hong Kong

HSBC has shot to second rank among banks advising Asian firms on merger deals, its highest ever, due to ties to one man: Hong Kong tycoon and the region's richest man, Li Ka-shing.

Billionaire hedgie buys $200m condo complex!

Hedge Fund

Hedge fund billionaire Ken Griffin has purchased several floors of a new condo tower in Manhattan for around $200 million, in what is believed to be the most expensive single residential real estate deal in U.S. history.

Standard Chartered said looking for new investment bank head

Standard Chartered Shanghai Towers

Standard Chartered is working with an executive search firm to find an external candidate to replace Mark Dowie to head its corporate and institutional business as part of Chief Executive Officer Bill Winter’s management overhaul, according to a person with knowledge of the matter.

Challenging times for 'the Goldman Sachs of China'

Pointing Finger

By launching a probe into possible insider trading at Citic Securities, China’s biggest and most prestigious brokerage, President Xi Jinping’s government has signalled the financial services industry is fair game for its anti-corruption drive after a stock market bust wiped out $5 trillion in market value.

People News: HSBC, JPMorgan


An economist for HSBC in Moscow became the latest to join a Russian state institution as profits in the financial industry suffer from the country’s first recession since 2009.