 | | | | China's banking regulator has asked lenders to stop selling investment products linked to commodities futures to mom-and-pop buyers, three people with knowledge of the matter told Reuters, to curb investment losses amid volatile commodity prices. | | | | | | Wealth manager St. James's Place (SJP.L) said gross inflows for the five months to May would be around 23% higher year on year, with its clients more confident now than in early 2020 when fears over the pandemic's economic impact hampered sentiment. | | | | | | Wall Street bank chiefs will tout the role their institutions have played in getting the pandemic-hit U.S. economy back on track when they appear before Congress this week, but are likely to face tough questions on hot-button social and economic issues. | | | | | | Investment bankers' business of putting together mergers and acquisitions (M&A) has never been stronger. Neither has their fear of missing out on meeting clients. | | | | | | Japan's JX Nippon wants to sell its British North Sea oil and gas assets including stakes in some of the basin's biggest fields in a deal that could fetch up to $1.5 billion, five banking sources said. | | | | | | After a failed union-organizing effort at Amazon.com Inc (AMZN.O) last month, labor advocates are looking to the company's annual shareholder meeting on Wednesday, hoping for a chance to get a worker on the board of directors of the world's largest online retailer. | | | | | | China's largest bank Industrial and Commercial Bank of China (601398.SS) (ICBC) said on Tuesday its unit had received approval to set up a foreign-controlled wealth management firm with Goldman Sachs Asset Management. | | | | | | Westpac Banking Group (WBC.AX) on Tuesday reopened Australia's big banks bond-market taps for the first time in more than a year, with a $2.75 billion deal that also marked their first use of a non-USD Libor benchmark rate to price the debt. | | | | | | Former Aviva Plc (AV.L) Chief Financial Officer Tom Stoddard joined Bank of America Corp (BAC.N) as vice chairman of investment banking, according to an internal memo, returning to his advisory roots after a stint in the insurance industry. | | | | | | Wells Fargo & Co (WFC.N) said on Monday consumer finance veteran Ulrike Guigui will become the head of payments strategy at the bank, starting June 1. | | | | | |
