HSBC’s 2024 financial report reveals a 3% decline in its global workforce as the bank focuses on cost-cutting measures and major restructuring initiatives under the leadership of new CEO Georges Elhedery. The
Catastrophe bonds (cat bonds) have been consistently outperforming high-yield debt markets, and now, these high-return investments are about to be more accessible to a wider range of investors. In a significant development,
Diamondback Energy announced on Tuesday that it has agreed to acquire certain units of energy producer Double Eagle, backed by EnCap Investments, in a cash-and-stock deal valued at approximately $4.08 billion. This
Australian insurance stocks suffered significant losses on Monday after Peter Dutton, leader of the Liberal Party, threatened to break up the country’s major insurers, accusing them of exploiting consumers. The statement comes
The Bank of Japan (BOJ) is poised to complete the sale of millions of dollars’ worth of stocks purchased from troubled banks during the financial crisis much earlier than previously planned. According
A sharp increase in insurance sales in Taiwan is raising concerns about potential capital outflows, which could drag the local currency, the Taiwan dollar, to levels not seen since the global financial
Swiss Life, a leading financial services provider based in Switzerland, has announced the acquisition of ZWEI Wealth, a wealth management advisory firm. The deal, which is effective immediately, aims to enhance Swiss
Novo Banco SA, a Portuguese bank majority-owned by US private equity firm Lone Star, has initiated steps for its long-awaited initial public offering (IPO). The bank has selected Bank of America Corp.,
The Bangko Sentral ng Pilipinas (BSP) surprised markets by keeping its interest rates unchanged after three consecutive rate cuts, citing heightened uncertainty surrounding US trade policies. The Monetary Board of the BSP
Chile’s central bank adopted a more hawkish stance in its latest meeting, emphasising its commitment to controlling inflation and ensuring it reaches the target. In the minutes of its January 28 meeting,
