Japan’s financial regulator has sounded out top domestic banks about China risks and whether they have plans in place if Sino-Western tensions escalate, according to multiple sources with direct knowledge of the matter.
Britain’s Financial Conduct Authority (FCA) has restricted the movement of cash and assets from Odey Asset Management to restore order at the firm after the removal of founder Crispin Odey, the Financial Times reported.
A new China-focused hedge fund, led by a former Hillhouse Capital Management fund manager, has raised between $100 million and $150 million, marking one of the strongest launches for a China-focused fund this year.
SVB Financial Group said on Sunday it has entered into an agreement to sell its investment banking division, SVB Securities, to a group led by Jeff Leerink and backed by funds managed by The Baupost Group.
UBS’s Chief Executive sought to reassure Switzerland on Saturday over its new banking giant, created by the Swiss bank’s historic takeover of former rival Credit Suisse .
A former senior analyst at asset manager Janus Henderson and four others on Friday pleaded not guilty in a London court to being part of a 15-month insider dealing and money laundering conspiracy.
One of the two pillars of a global corporate tax overhaul due to come into force next year is at risk of collapsing as plans over how to share taxing rights on the 100 biggest, most profitable multinationals fall victim to domestic U.S. politics.
Russia’s dominant lender Sberbank on Friday said it had finalised the sale of its Austrian subsidiary to an Austrian company controlled by Stefan Zochling, withdrawing completely from the European banking market.
