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Insider Trading Allegations Hit Asia's 'Block-Trade King' for Global Banks - Vimarsana News

Insider Trading Allegations Hit Asia's 'Block-Trade King' for Global Banks

(Bloomberg) -- To the outside world, Simon Sadler was the “block-trade king” in Asia, running a hedge fund that produced stellar returns for many years. Inside his firm’s Hong Kong headquarters, it was a pressure cooker for investment staff. Most Read from BloombergIsrael Says a Cease-Fire Plan Backed by Hamas Falls ShortJack Dorsey Leaves Bluesky Board, Calls X ‘Freedom Technology’At $2 Million Per Minute, Treasuries Mint Cash Like Never BeforeEx-Trump Controller Says Cohen Repaid From Personal

Source: yahoo.com
UBS Weighs Cutting About 90 Jobs at Asia Wealth, Banking Teams - Vimarsana News

UBS Weighs Cutting About 90 Jobs at Asia Wealth, Banking Teams

(Bloomberg) -- UBS Group AG is looking to cut about 90 jobs in Asia private wealth and investment banking in March as China’s stock market rout and a slump in dealmaking have eroded revenue, people familiar with the matter said.Most Read from BloombergTrump Risks Losing More Than Half of Swing-State Voters If Found GuiltyDeutsche Bank Plans To Cut 3,500 Jobs And Lift PayoutsHouse Passes $78 Billion Business, Child Tax Break BillDonald Trump Loses London Case Against Ex-MI6 Spy Over Kremlin Dossi

Source: yahoo.com
China's factory activity moderates in September, private survey shows • BusinessMirror - Vimarsana News

China's factory activity moderates in September, private survey shows • BusinessMirror

A private gauge of China’s manufacturing activity slowed its pace of expansion in September, suggesting there’s still room for caution as the nation charts its economic trajectory for the rest of the year. The Caixin manufacturing purchasing managers’ index was 50.6 last month, Caixin and S&P Global said in a statement Sunday—dipping closer to the

Haitong Securities Considers Taking Hong Kong Unit Private, Sources Say - Vimarsana News

Haitong Securities Considers Taking Hong Kong Unit Private, Sources Say

(Bloomberg) -- Haitong Securities Co. is mulling to take private its Hong Kong-listed investment banking unit, people familiar with the matter said, as it seeks to gain full control to turn around the loss-making arm.Most Read from BloombergDimon Warns 7% Fed Rate Still Possible, Times of India SaysChina Puts Evergrande’s Billionaire Founder Under Police ControlRepublican Moderates Turn to Rare Maneuver to Avoid Lengthy Government ShutdownIndians Have Five Days to Deposit $3 Billion in Soon-to-B

Source: yahoo.com
UBS to Dispose of Riskiest Credit Suisse Loans to Asian Clients - Vimarsana News

UBS to Dispose of Riskiest Credit Suisse Loans to Asian Clients

(Bloomberg) -- UBS Group AG is planning to exit billions of dollars in loans to Credit Suisse’s clients in the Asia Pacific region, as the Swiss bank works to neutralize risks to its profitability and reputation from the defunct lender.Most Read from BloombergLots of US Homeowners Want to Move. They Just Have Nowhere to GoAsia’s Richest Families Fuel Race for Lucrative Finance JobsBurning Ship’s Operator Says Almost 500 EVs Are on BoardChina Stops Short of Direct Consumer Support to Spur Economy

Source: yahoo.com