Business
Global central bankers defend Fed’s Powell after Trump threat
Central bankers fear that political influence over the Fed would erode trust in the bank’s commitment to its inflation target Central Bank…
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Bankers
Business
Inside Singapore’s AI bootcamp to retrain 35,000 bankers
The Government is working hand in glove with the country’s largest banks to teach new technology skills Kelvin Chiang knew the five…
Business
Asia bankers fear US scrutiny of loans involving chips, China
The backlash against US capital flowing into an AI ecosystem linked to Chinese firms can be swift SOME bankers in Asia are starting to…
Business
HSBC’s senior bankers hid behind co-head roles, CEO Georges Elhedery says
Since taking charge, he has nearly halved the size of the bank’s operating committee HSBC’s chief executive officer Georges Elhedery said…
Business
Nomura sends bankers to New York, London in asset manager push
Nomura Asset Management plans to relocate dozens of staff from its Tokyo headquarters to offices in cities such as London and New York to…
Business
Race for talent is on as bankers brace for IPO boom in Vietnam
Vietnam’s potential upgrade to emerging-market status by FTSE Russell in September has investment banks bulking up staff in anticipation…
Business
Bankers groan at UK tax rise even as lenders rally after budget
New tax rates for dividends, property and savings income and a decision to tinker with the treatment of cash savings accounts added to the…
Business
HSBC’s Swiss private bank boosts some bankers pay to stem exits
The Swiss arm has been increasing compensation of staff, including relationship managers HSBC Holdings’ Swiss private bank is boosting the…
Business
Comcast Taps Bankers to Explore Bid for Warner Bros. Discovery Assets
Comcast has taken a step closer to making an offer for parts of Warner Bros. Discovery — but not WBD in its entirety — with the retention…
Business
Goldman Sachs loses senior bankers after leadership reshuffles, dealmaking pause
Despite the departures, Goldman still tops Wall Street’s league tables for mergers and acquisitions Goldman Sachs has lost more than a…
Business
MUFG is hiring more bankers in Japan wealth management push
Backing the shift to this strategy is the government’s multi-year drive to get households to invest more Japan’s largest bank is…
Business
Westpac to hire hundreds of bankers in business lending push
The bank is expanding its presence with three new service centres in regional New South Wales, Victoria and Tasmania Westpac Banking plans…
Business
ANZ bankers learn about job losses after e-mail error: report
The Melbourne-based bank is in the midst of a major restructure under new chief executive officer Nuno Matos Some ANZ Group Holdings…
Business
Wall Street hires more senior bankers as growing confidence spurs deal rebound
Wall Street banks have hired dozens of senior executives in recent months, as improved economic sentiment has spurred mergers and IPOs…
Business
US Fed’s Jackson Hole exposes hard road ahead for central bankers
The US Federal Reserve’s annual gathering in the Rocky Mountains is usually a time for central bankers and their wonky friends to kick…
Business
Junior bankers win up to 30% pay hikes in Hong Kong deals boom
Citic Securities and other Chinese brokers are raising pay levels again for junior bankers in Hong Kong to boost retention and handle a…
Business
Why have bankers had convictions quashed and what happens next?
Two former City traders, Tom Hayes and Carlo Palombo, have had their convictions for rate-rigging overturned by the UK's Supreme Court.…
Business
Citi targets Middle East ultra-rich with push to hire private bankers
Citigroup’s private bank is planning a hiring drive for the Middle East region as part of the Wall Street giant’s global expansion of its…
Business
Citi joins Goldman in asking junior bankers to reveal if they accepted other jobs
Citigroup’s move echoes steps by other investment banks to dissuade analysts from leaving after short stints Citigroup is asking its new…
Business
Julius Baer seeks to cut bonuses of bankers with risky books: sources
The move comes as the Swiss lender’s top management seek to reset and put the bank on a path for growth after a string of missteps Julius…
Business
Singapore’s future bankers vie for coveted spots at university finance clubs
At Singapore’s universities, undergraduates are fighting for the golden ticket they believe will get them a coveted banking job years…
Business
DBS targets hiring 40 private bankers for North Asia market
Group, Singapore’s largest lender, is targeting hiring about 40 private bankers this year in Hong Kong and Singapore to cater to wealthy…
Business
Blackstone’s ASK plans to hire 70 wealth bankers in India
The group has over 745 billion rupees in assets across alternative investment funds, portfolio management services and private wealth…
Business
Hong Kong bankers on edge over US$11 billion New World refinancing
Hong Kong bankers have become fixated on an US$11 billion loan deal with unusually high stakes for the financial hub. New World…