Investment Banking
Weekly Global News Wrap: Wells Fargo slimming down mortgage business; Swiss central bank reports biggest annual loss ever
And US banks expected to report lower earnings as they brace for economic slowdown.
Weekly Global News Wrap: Wells Fargo slimming down mortgage business; Swiss central bank reports biggest annual loss ever
And US banks expected to report lower earnings as they brace for economic slowdown.
Weekly Global News Wrap: Cash use down to 15% of British shopping transactions; Goldman Sachs to cut senior bonuses
And Credit Suisse closes $4.25b capital raising.
DBS Hong Kong names Wallace Nam as head of institutional banking
Prior to joining DBS, Nam served various leadership roles in HSBC.
Weekly Global News Wrap: Goldman Sachs promotes 80 bankers to partners; Citi to buy Deutsche Bank's Mexican license
And Sweden's central bank encourages banks to moderate dividends.
Standard Chartered taps ex-Citi head of markets as global head of international banking
James Lye will begin his role on 1 November.
JP Morgan names India corporate banking head as interim India CEO
PD Singh has served as corporate banking head since 2021.
J.P. Morgan names Navin Wadhwani as India’s head of investment
He joins from Indian conglomerate Reliance Industries.
Singapore unveils industry guidelines for sustainable private banking
The industry group sustainability taskforce has also developed a training benchmark.
60 largest banks need $210.2b to cover future fossil fuel losses: Finance Watch
Basel’s current framework encourages continued build up of risk, the nonprofit warned.
MUFG names Angus St. John as head of financial sponsor coverage in APAC
St. John has over 25 years of experience in the financial services industry.
Weekly Global News Wrap: Investment banks’ trading income to shrink; Citi introduces new diversity goals
And Morgan Stanley unit pays $35m for mishandling customer data.
Goldman Sachs axes 25 investment bankers in Asia: report
Those affected are majorly junior level bankers involved in Greater China deals.
J.P. Morgan appoints Wai Mei Hong as senior country officer for Singapore
She has over 25 years of experience in the banking industry.
Maybank sets financed emission baseline, adopts ESG transition strategy
It is the first bank in Malaysia to do so.
Citi Global Wealth APAC clients invest $5b in bonds in May-July
Majority of investments flowed to fixed income funds and hedge funds.
Hong Kong’s ZA Bank launches investment fund service
All subscription fees are waived until 31 December 2022.
Thailand plays catch up with global green finance goals
Banks are calling for legislators to impose carbon tax and a common taxonomy of goals.