The chairman of British bank NatWest was criticised by a leading opposition politician for being out of touch on Friday after he said it was not “that difficult” to be able to afford to buy a house in Britain.
Chinese wealth manager Zhongzhi Enterprise Group has filed for bankruptcy liquidation after failing to repay debt, as the firm grapples with a deepening property market downturn.
BlackRock Inc has appointed Hua Fan, formerly general manager of its majority-owned China asset management unit, as head of China, two sources with knowledge of the matter said.
U.S. investment giants Pimco and Vanguard have bought local Turkish assets in recent months, betting that the country will maintain high interest rates after years of erratic policymaking under President Tayyip Erdogan.
Diminishing lure for perpetual bonds is likely to prompt Indian state-run banks switch to the equity market for raising funds in coming months, five banking sources told Reuters this week.
BlackRock on Thursday named Leigh Farris its global head of corporate communications, bolstering its ranks at a time when the asset management giant faces intense heat for its stance on socially and environmentally conscious capitalism.
Deutsche Bank has named former Citigroup dealmaker Alison Harding-Jones as its new global head of mergers and acquisitions, the German lender said on Thursday.
Billionaire investor Cliff Asness’s AQR Capital Management finished 2023 with double digit returns in several of its funds, buoyed by stock selection, bonds, European natural gas and iron ore, a source familiar with the matter said on Thursday.
Indian banks disbursed some employee benefits through the digital rupee in December, helping the Reserve Bank of India meet its target of one million daily transactions by end-2023, three sources directly familiar with the development said.
