Category: International Banking News
Goldman Sachs profit misses estimates on trading weakness
Goldman Sachs Group Inc (GS.N) reported a lower-than-expected quarterly profit as gains in investment banking were offset by weak trading revenue. [...]
Daewoo Shipbuilding’s Bailout Plan Cleared by Pension Fund
South Korea’s National Pension Service agreed to restructure 1.55 trillion won ($1.4 billion) of bonds issued by Daewoo Shipbuilding & Marine [...]
Trump’s message to bankers: Wall Street reform rules may be eliminated
President Donald Trump told a group of chief executives on Tuesday that his administration was revamping the Wall Street reform law known as Dodd- [...]
Economic Watch: Chinese economy shows signs of firming, pressure remains
China's economy, a vital engine of global growth, has showed more signs of firming, reinforced by a string of upbeat data, but domestic and extern [...]
Exclusive – ‘Dollars and euros’: How a Malaysian firm helped fund North Korea’s leadership
Over the past two decades, North Korean-born Han Hun Il, the founding chief executive of a Malaysian conglomerate, funneled money to the leadershi [...]
Daily Briefing: Policy noise gets louder at the ECB
The tug of war over the direction of ECB policy spilled into public last night as Germany's two representatives on its main policy-making body - J [...]
Exclusive: HSBC to boost China staff by up to 1,000 in 2017, mostly in Pearl River Delta
HSBC (HSBA.L) plans to add as many as 1,000 new employees to its Chinese retail banking and wealth management arm this year, the business's region [...]
Protectionism may raise, not cut, trade deficits: ECB
Protectionist trade policies may increase, rather than reduce, a country's trade deficit, the European Central Bank said in a study on Wednesday, [...]
G20 should resist protectionism, keep markets open: Bundesbank
The world's biggest economies should recommit to maintaining open markets and cross-border trade as a fresh wave of protectionism and deregulation [...]
HSBC to Name AIA CEO Mark Tucker as Chairman, Sources Say
LONDON -- HSBC Holdings PLC is set to name AIA Group Ltd. Chief Executive Mark Tucker as its next chairman, the first time the bank has hired from [...]