HSBC considers merging commercial, investment banking to reduce costs
HSBC is exploring the possibility of combining its Commercial and Investment banking divisions to streamline…
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HSBC
WB raises $6.5b in record sustainable bond deal
The World Bank has raised $6.5 billion through a dual-tranche Sustainable Development Bond transaction, marking its…
World Bank issues $225m Amazon reforestation bond
The World Bank has successfully priced a groundbreaking 9-year, $225 million Amazon Reforestation-Linked Bond,…
UK banks can be wound down without public funds – BoE
The Bank of England (BoE) announced on Tuesday that Britain's top eight banks, including HSBC, Barclays, Lloyds,…
World Bank kicks off FY25 with $2.7b in sustainable bonds tied to SOFR rate
The World Bank initiated its fiscal year 2025 US Dollar Benchmark Programme by pricing two Sustainable Development…
India’s service activity expands to 60.5 in June – PMI
The HSBC India Services Business Activity Index rose to 60.5, indicating a sharp expansion in output.
UBS expands ME wealth management team with 10 hires
UBS announced on Tuesday the strengthening of its wealth management team in the Middle East with the addition of 10…
HSBC acquires China’s Citigroup’s consumer wealth portfolio
HSBC boosts its presence in mainland China by acquiring Citigroup's consumer wealth portfolio, adding over 300…
China’s CITIC cuts banker pay at CLSA
China's CITIC Securities is slashing base salaries for over 100 bankers at its Hong Kong-based platform, CLSA.
Aramco launches $10b offering
Saudi Arabia is set to launch a secondary offering of Aramco shares, aiming to raise over $10 billion, potentially…
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