After retreating to the safety of yen deposits in the wake of the financial crisis, Japan's wealthy investors are slowly regaining their appetite for risk and are eyeing foreign currencies and bonds for higher returns.
Britain's top share index rose on Thursday, helped by gains in mining stocks on firmer metals prices and a surprise quarterly profit from U.S. aluminium producer Alcoa (AA.N).
Hong Kong stocks rose for a fourth day on Thursday, with HSBC (0005.HK) advancing after itresumed talks with Royal Bank of Scotland (RBS.L) over thepurchase of RBS units in Asia.
Julius Baer's purchase of ING's Swiss private banking assets marks the start of a consolidation wave in the wealth management industry, insiders told the Reuters Global Wealth Management summit.
HSBC Holdings Plc is in advanced discussions to acquire the banking assets of Royal Bank of Scotland in three Asian countries, the Wall Street Journal online reported on Wednesday.
HSBC Holdings Plc is in advanced discussions to acquire the banking assets of Royal Bank of Scotland in three Asian countries, the Wall Street Journal online reported on Wednesday.
Britain's top share index eased in mid-session trade on Wednesday, with weakness in energy and food retailers offsetting some strength in miners and banks, as investors await the start of the third-quarter corporate results season in the United States.
Julius Baer , bulking up in its home market, has won the auction to buy the Swiss private banking assets of Dutch financial services group ING for around $500 million, two sources with knowledge of the deal said.
Julius Baer Group AG expects an outcome soon on the sale of ING Group NV's Swiss private banking assets and is hopeful the terms of the sale are in its favor, Baer's chief executive said on Monday.
Hong Kong stocks erased earlier
losses to close up 0.26 percent on Monday, as investors hunted
for bargains after shares fell to three-week lows, but concerns
about the state of the U.S. economy capped gains.
HSBC Chief Executive Michael Geoghegan is cautious about growing too fast because he fears a second economic downturn could force the bank to make write-downs, he said in an interview with the Financial Times.
Israeli holding company IDB Holding Corp said on Saturday it was close to signing a deal to acquire from HSBC the bank's headquarters in Manhattan for $330 million.
Julius Baer has emerged as the frontrunner to acquire Dutch ING's Swiss private banking assets, two people familiar with the matter said, and a deal could be announced as early as next week.
Manufacturing activity surged across Asia in September as demand picked up, although plans by Japanese manufacturers for record cuts in capital spending cast doubts on the strength of a recovery in the industrialized world.
Manufacturing activity surged across Asia in September as demand picked up, although plans by Japanese manufacturers for record cuts in capital spending cast doubts on the strength of a recovery in the industrialized world.
A survey of small and mid-sized companies in 12 major global markets showed growing confidence in the state of global trade, Europe's biggest bank, HSBC, said on Tuesday.
A fund-raiser for Barack Obama, Hillary Clinton and other Democrats who was charged last month with defrauding Citigroup Inc is being sued by HSBC for deceiving it into lending him $100 million.
Global revenues from climate-related businesses such as energy efficiency rose by 75 percent in 2008 to $530 billion and could exceed $2 trillion by 2020, HSBC Global Research estimated on Friday.
HSBC Bank Plc has increased the size of its planned Samurai bond issuance to 117 billion yen ($1.3 billion), nearly double an initial estimate of Y60 billion yen, documents filed with Japanese financial authorities showed on Friday.
Global banking giant HSBC and Warren Buffett's Berkshire Hathaway should be paying staff the biggest bonuses, according to a new bonus model from a management consultant.
British bank HSBC has made a bid of about 1 billion pounds ($1.63 billion) for Dutch financial group ING's private banking businesses, according to a report in The Sunday Times.
Latin American stocks and currencies posted losses on Friday after U.S. consumer sentiment weakened unexpectedly in August, raising questions about the strength of the economic recovery and increasing global aversion to risk.