Morgan Stanley cuts 9% China fund unit staff amid market rout: sources
MORGAN Stanley has laid off about 9 per cent of its employees at its asset administration enterprise unit in China, two folks with direct data […]
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Lippo unit under police probe over alleged fraud in case involving UOB loans
LIPPO Group is presently awaiting a court docket verdict on the quantity of damages it has to pay UOB after a protracted authorized battle which […]
Putin grants HSBC approval to sell Russian unit to Expobank
RUSSIAN President Vladimir Putin gave approval on Monday (Feb 19) for HSBC to promote its Russian unit to privately-owned Expobank, paving the best way for […]
India central bank extends deadline for Paytm banking unit wind-down
INDIAN lender Paytm Payments Bank obtained a much-sought after extension from the central financial institution to wind down its operations on Friday (Feb 16), whilst […]
India central bank extends deadline for Paytm unit wind-down to March 15
INDIAN lender Paytm Payments Bank bought a much-sought after extension from the central financial institution to wind down its operations on Friday (Feb 16), whilst […]
HSBC to improve ties with Hong Kong unit Hang Seng to mitigate risk
HSBC plans to tighten danger administration at Hong Kong unit Hang Seng Bank because of worries a few potential rise in unhealthy loans amid rising […]
Morgan Stanley to cut several hundred jobs in wealth unit
MORGAN Stanley is planning to get rid of a number of hundred jobs, the primary such transfer beneath chief govt officer Ted Pick. The cuts […]
Intel plans to IPO programmable chip unit within three years; stock rises after hours
Intel stated it is going to deal with its programmable chip unit as as a standalone enterprise, with an goal to spin it out by […]