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...Marc Filippino Kaye Wiggins is our Asia financial correspondent. Thanks, Kaye. Kaye Wiggins Thank you....
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...The payouts to shareholders reflected “four years of hard work and the strength of our balance sheet in a higher interest rate environment”, said the bank’s chief executive Noel Quinn....
...Still they face a completely different challenge to the one they had when sharing out the spoils of the Wall Street bank....
...kaye.wiggins@ft.com...
...The Bank of England’s financial stability committee met today, and the subsequent report indicates that it remains antsy about the engorged size of Treasury basis trades....
...HSBC and Bank of China, two of the world’s biggest banks, have already lent Micro Connect millions of dollars against the small stores’ cash flows — and Li is targeting hedge funds and asset managers next...
...This came after Ma, once China’s richest person, made a speech in Shanghai accusing China’s state-owned banks of having a conservative “pawnshop” mentality that was stopping smaller companies and individuals...
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...Credit Suisse took a majority stake in the securities venture in 2020 after China’s regulators introduced reforms enabling international banks to have full control of their mainland units....
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