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...UK ministers are working on a threshold for foreign state ownership to allow “passive” investment from sovereign wealth funds run by countries such as Norway and Singapore....
...against collusion from The Wealth of Nations: “People of the same trade seldom meet together even for merriment and diversion, but on those occasions when they meet the conversation ends in a conspiracy...
...While Singapore’s open, trade-reliant economy has proved resilient to external shocks such as rising global protectionism and supply chain fragmentation, the raid comes at a sensitive and destabilising time...
...Other global banks have reported sharp falls in the profits of their Chinese investment banking entities and are becoming more cautious about doing business in the country....
...Banks in Singapore are stepping up scrutiny of customers from a range of countries including China and intensifying efforts to identify the sources of wealth as the city-state reels from a ballooning S$2.4bn...
...You can say what you want about scandals in the banking system over the years, but it has been a long time since a major bank failed because the people in charge simply took all the customers’ deposits and...
...Unhedged: Turning back to banking for a second, it seems to me that some of the big banks are doing OK, despite all the regulation. Bank of America and JPMorgan are reporting quite good profits....
...Most, but not all, of these bets are in the basis trade, which is routinely used by managers such as Citadel, Millennium Management and Rokos Capital Management....
...Investors are warming to Goldman as a top pick to benefit from a potential rebound in investment banking activity in 2024, a business where David Solomon’s bank still outearns Morgan Stanley....
...institutions such as pension funds....
..., the exclusive all-male venue in Mayfair....
...Half of its assets are now from institutional clients such as Middle Eastern sovereign wealth funds and large pension funds, just over a third comes from the private banking arms of large lenders including...
...The bank lost $911mn from the implosion of Archegos and still faces probes by US regulators and federal prosecutors over its handling of block trades....
...Take banking. The total number of licensed banks in the city dropped to 155 last year from 164 in 2019, according to the Hong Kong Monetary Authority....
...International expansion followed and from its 24-storey headquarters on São Paulo’s famous Paulista Avenue, the group’s flagship entity is Brazil’s fifth-largest private sector bank by assets....
...trade of the year is set to pay off....
...Seco declined to outline any conditions under which two entities would not be considered “legally independent”. “Such questions will be analysed from case to case....
...You would think this would send a signal to their competitors, but sadly the highest-ranking firms are all “pulling away from the pack”....
...The Peronist-led banking union accused Milei of “electoral terrorism” and the banks called on candidates to avoid “unfounded statements which generate uncertainty and volatility” but Milei shrugged off the...
...Moritz will now focus on running Sequoia Heritage, a separate legal entity founded in 2010 to manage the wealth of “the greater Sequoia community”....
...There could, however, now be more pushback from regulators and from the Bank of England, whose governor Andrew Bailey has already warned against City deregulation....
...Three of the largest have secured commitments in recent weeks to receive additional funding from backers including Canadian pension giant Omers, Australian investor Macquarie and Singaporean sovereign wealth...
...Tucker recommends a new approach to preventing deposit runs from toppling banks and the banking system: they should be required to pre-position collateral with central banks to cover 100 per cent of their...
...Too late for the textile workers who lost good jobs. There are starker examples, such as the ocean-going ships that enabled the transatlantic slave trade. There are subtler ones too....
...Alex Scaggs, whose excellent regional-banks primer will publish later today on Alphaville, shows this chart from Dario Perkins of TS Lombard....
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