Standard Chartered is seeking to sell at least $4.4bn of assets in Asia, people with knowledge of the matter said, as the bank pares its balance sheet after booking record impairments.
After the worst start to a year since 2008, hedge funds repaired some of the damage in March as investments in equities, fixed income and commodities fueled the best monthly gains in two years.
Corporate defaults could be about to rise, according to Deutsche Bank (DB)’s closely watched annual default study, launched this morning.
Blackstone Group, the asset manager run by Stephen Schwarzman, will shutter a mutual fund that allocates money to hedge fund managers as the vehicle’s main backer, Fidelity Investments, is pulling out.
I knew it was getting pretty boring sitting at the old desk twiddly my thumbs, but I never imagined that financial services would boast one of the highest levels of non-productivity in the land.
Barclays is denying claims that the bank's senior staff want employees to boost morale with a friendship survey.
Goldman Sachs defended its strategy of waiting out the downturn in fixed-income markets, issuing a preemptive strike ahead of first-quarter earnings against those who argue that revenue from the business doesn’t justify the investment.
Britain’s competition regulator has called on the European commission to block the owner of Three’s £10bn acquisition of O2 or force the combined mobile phone operator to break itself up to protect consumers.
Andrea Orcel, head of UBS’s securities unit, said tougher financial regulation and negative interest rates are sapping global confidence as investors question investment banks’ ability to earn money.
The German government has denied it is considering injecting billions of euros into beleaguered Deutsche Bank, following reports from a German newspaper it was preparing an emergency rescue package.
Wells Fargo’s CEO John Stumpf, struggling to quell a scandal and demands for management accountability, plans to offer House lawmakers the same apology he gave Senators last week.
The market for initial public offerings has had a year it would rather forget as it tried to deal with global political uncertainty, but a new report estimates that a strong bounce-back in activity is expected in 2017.