Banking & Finance
Visa-only Games highlights Europe’s payments headache
[MILAN] Anyone trying to buy a souvenir at the official Olympic stores at the Milano Cortina Games will have been exposed to an issue troubling Europe’s policymakers: the dominance of foreign payment ...
Wall Street banks are paying their CEOs like it’s 2006 again
The payouts reflect a banner year for the industry, with the nation’s top financial firms posting their biggest annual earnings since 2021
Deutsche Bank’s private bank eyes hiring push in emerging markets
Global financial wealth reached an all-time high of US$305 trillion in 2024
Hong Kong grapples with banker shortage to keep up with IPO boom
Banks are hard pressed to meet regulatory guidelines and are under increased scrutiny over the quality of IPO paperwork
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Blackstone leads the race to unlock US$7 trillion of cash in Japan
The firm and rivals are trying to coax them to put more of it in private equity and credit
Citigroup CEO Jane Fraser’s pay rises to US$42 million after banner year
Fraser received US$34.5 million in total compensation in 2024
Coinbase posts surprise loss on crypto trading slowdown
Its transaction revenue fell to US$982.7 million in Q4, from US$1.56 billion a year earlier
Blackstone folds hedge fund seeding into US$60 billion business
SAF typically gives emerging managers locked-up startup capital in the region of US$150 million, in exchange for a cut of their revenue
UBS joins foreign banks expanding India global capability hubs
The Swiss bank plans to add “2,000 professionals in the coming months” at the new facility
UK’s digital bonds to be issued using HSBC blockchain platform
The plans also come as large financial institutions around the globe ramp up efforts to tokenise other financial instruments
