Why Charles Schwab became a financial ‘supermarket’
Charles Schwab Corp. is the largest publicly traded brokerage business in the United States with $7.5 trillion of client assets, and is a leading service provider for financial advisors, among…
World Bank raises outlook for East Asia, says banking sector is sound
The World Bank said “the most immediate challenge” for the region is the growing division between the U.S. and China. Anadolu Agency | Anadolu Agency | Getty Images The World…
Alibaba’s revamp plans put renewed focus on Ant Group’s IPO
Chinese technology stocks led gains in Asia-Pacific on Wednesday’s as Hong Kong listed shares of Alibaba jumped, one day after the company announced a major revamp to split the tech…
Sergio Ermotti returns as UBS CEO to oversee Credit Suisse takeover
UBS appointed Sergio P. Ermotti as its group Chief Executive Officer following its agreement to acquire Credit Suisse. Harold Cunningham | Getty Images News | Getty Images UBS named Sergio…
SVB collapse was ‘Lehman moment for technology’: Goldman Sachs
The collapse of Silicon Valley Bank was a “Lehman moment” for the technology industry, according to a top Goldman Sachs deal-maker. Cliff Marriott, co-head of technology, media and telecoms in…
Money manager tackles SVB fallout on ETFs
There’s speculation the Silicon Valley Bank collapse could expose problems lurking in ETFs tied to specific sectors. Astoria Portfolio Advisors CIO John Davi has financials topping his watch list. “You…
Investors wary of contagion amid banking crisis fears
A Credit Suisse logo seen displayed on a smartphone with broken screen and an illustrative stock chart background in Athens, Greece on March 15, 2023. (Photo illustration by Nikolas Kokovlis/NurPhoto…
Regional bank stock plunge creating key entry point for investors, top analyst says
The dramatic drop in regional bank stocks is a key entry point for investors, according to analyst Christopher Marinac. Marinac, who serves as Director of Research at Janney Montgomery Scott,…
HKEX CEO Nicolas Aguzin on new IPOs, China, Middle East and Aramco
Nicolas Aguzin, chief executive officer of Hong Kong Exchanges & Clearing Ltd., speaks at event on the sidelines on the opening day of the World Economic Forum (WEF) in Davos,…
India’s largest insurer LIC may review stake in Adani after meeting
India’s largest insurer says it “might” review its stake in the embattled Adani Group after meeting with the management. Life Insurance Corporation Chairman M.R. Kumar told CNBC in an exclusive…