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...These are rebased MSCI net return indices, in dollars, for each country, and the MSCI USA and World indices....
...A version of this article was first published by Nikkei Asia on February 27. ©2024 Nikkei Inc. All rights reserved....
...Asia remains a lucrative market for global banks looking for growth. HSBC will take over Citigroup’s China consumer wealth portfolio to accelerate its expansion there....
...At HSBC’s offices the mood may be a bit cheerier: the group stands out for increasing its company-wide bonus pool by 12 per cent....
...Solidatus’ clients currently include banks Citi and HSBC, which are also investors in the group. It has begun to expand outside Europe, opening a US base in 2022....
...Mentioned in this podcast: Shortage of young accountants leads BDO USA to double offshore workforce Brazil’s jewellery scandal adds to Jair Bolsonaro’s legal woes UK banks tighten up on work from home...
...Jerry Rizzieri, head of Mizuho Securities USA, told the Financial Times the acquisition would contribute to Mizuho’s goal “to be solidly inside the top 10 corporate investment banks within three years”,...
...In October, Citi sold its Chinese consumer wealth business to HSBC....
...More broadly, “from a macro perspective it’s hard to argue that there won’t be any volatility this year,” which central banks may be unable to help out with, unlike in the days of quantitative easing....
...Credit Suisse, Deutsche Bank, Goldman Sachs and HSBC reported losses in their China-based units in 2022....
...However, the executive said the move would reduce choice for investors, given that many French banks prioritise ISR products, and questioned if that would meet customers’ needs....
...“Citi has a number of very good businesses,” said Noor Menai, who spent more than a decade as an emerging markets banker at Citi and is now the chief executive of CTBC Bank USA....
...HSBC USA is in the process of selling hundreds of millions of dollars of commercial real estate loans, potentially at a discount, as part of an effort to wind down direct lending to US property developers...
...Central banks never really understood de-equitisation....
...HSBC now makes more than $1bn in annual profits in the country....
...Altice USA’s chair Alexandre Fonseca has also stepped back....
...A small number of traders at Citigroup, Deutsche Bank, HSBC, Morgan Stanley and Royal Bank of Canada unlawfully shared sensitive information, including on pricing and strategies, in chat rooms on Bloomberg...
...They will become the first funds to take advantage of a rule change allowing the umbrella structure, a decision taken by the Central Bank of Ireland, the country’s financial regulator, in 2018....
...Proxymity has attracted investments from JPMorgan Chase, HSBC and Deutsche Bank and in 2022 raised funds from Mediant, which Broadridge has identified as one of its few proxy service competitors....
...First Abu Dhabi Bank sold its payments arm to Canadian asset management firm Brookfield while keeping a large minority stake last year....
...HSBC offloaded its US branches to Citizens Bank. France’s BNP Paribas disposed of its US unit Bank of the West to Bank of Montreal (BMO)....
...HSBC USA is in the process of selling off hundreds of millions of dollars of commercial real estate loans, potentially at a discount, as part of an effort to wind down direct lending to US property developers...
...On Monday, HSBC became the latest big tenant to announce plans to leave the east-end Docklands....
...Goldman Sachs, HSBC, Credit Suisse and Deutsche Bank reported losses in their China-based units in 2022 and Morgan Stanley’s profits fell....
...In the bottom right quadrant are banks with high levels of HQLA/deposits but lower levels of retail deposits, such as BNP Paribas, Barclays and HSBC, which are strong commercial banking players with lots...
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