Bank of Singapore, the private banking unit of Oversea-Chinese Banking Corp (OCBC), is expanding its family office business in Hong Kong, as it is bullish about its growth prospects in the city and mainland China. It has increased its headcount, mainly relationship…
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NEW YORK, May 22 (Reuters) – The U.S. Commodity Futures Trading Commission is expected as soon as Wednesday to announce a $100 million settlement with JPMorgan Chase & Co (JPM.N), opens new tab over trade reporting lapses, a source with direct knowledge…
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Singapore’s central bank is stepping up a green finance collaboration with its counterpart in China, it said Tuesday, as it separately announced plans to sell up to US$1.9 billion of sovereign bonds to fund environmental projects. The Monetary Authority of…
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MILAN, May 22 (Reuters) – UniCredit (CRDI.MI), opens new tab studies every possible acquisition target for the bank, Chief Executive Andrea Orcel told the Financial Times in an interview, ruling out interest in Societe Generale (SOGN.PA), opens new tab. Citing people with knowledge…
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U.S.-based restaurant chain Red Lobster has filed for Chapter 11 bankruptcy protection in a Florida court after securing US$100 million in financing commitments from its existing lenders, the company said on Sunday. The company listed its assets and liabilities to be between…
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May 22 (Reuters) – Admiral Acquisition (ADMR.L), opens new tab will buy North American engineering and lab-testing services provider Acuren in a $1.85 billion deal, the blank-check company co-founded by dealmaker Martin E. Franklin said on Wednesday. The deal, which is expected…
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While the resumption of China’s central bank’s treasury-bond trade has stirred fierce debate over Beijing’s leaning towards quantitative easing, a prominent researcher affiliated with the Ministry of Finance has called for purchases in the primary market to foster better alignment…
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NEW YORK, May 20 (Reuters) – BlackRock (BLK.N), opens new tab was sued for $20 million by a whistleblowing former vice president who said it fired him after he objected to a colleague’s self-dealing, and was forced to shut down a search…
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MADRID, May 21 (Reuters) – Spanish holding company Criteria plans to raise its stake in Telefonica (TEF.MC), opens new tab to 10%, matching the government’s recently acquired stake in the telecoms company, news website El Confidencial reported on Tuesday, citing unidentified sources.…
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TORONTO, May 21 (Reuters) – Canadian banks are expected to set aside money for challenging days, which will hurt quarterly earnings, as investors await commentary on how the lenders will navigate a prolonged high interest-rate environment that has dented credit…
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