The Straits Times
Citi retail units seen fetching US$6 billion as sales kick off
Citigroup will exit 13 international consumer banking markets which contributed US$4.2 billion in revenue in 2020.PHOTO: REUTERS
Published2 hours ago
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The Straits Times
The collapse of Archegos has underscored the risks banks are taking with hedge fund clients.PHOTO: REUTERS
Published3 hours ago
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The Straits Times
On April 5, Credit Suisse started unloading stocks tied to the Archegos blow-up.PHOTO: REUTERS
UpdatedApr 6, 2021, 1:52 pm
PublishedApr 6, 2021, 7:08 am SGT
https://str.sg/JCbW
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The Straits Times
Indonesia s Bank Jago to offer loans to online merchants soon Bank Jago is set to launch its app this month once it gains final regulatory approval.PHOTO: ST FILE
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SINGAPORE (BLOOMBERG) - In the dog-eat-dog world of hedge funds, giving an internship to a 16-year-old is almost unheard of. But when local talent is hard to find, teaching a minor how to generate alpha can be a worthwhile investment.
And so last year, Raffles Girls School student Cao Yi Ke spent two weeks at Modular Asset Management, a nearly US$1 billion (S$1.34 billion) Singaporean hedge fund spun out of Millennium Management. She crunched data on spreadsheets, chatted with veterans and watched nerve-racking meetings where money managers defended their investment ideas from peers.
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