Thursday, 2 June 2022

AXA registers Shanghai fund unit as city seeks revival from COVID

AXA registers Shanghai fund unit as city seeks revival from COVID

AXA Investment Managers has completed registration for a private fund unit in Shanghai, as Chinese regulators streamline processes to help foreign and local asset managers revive businesses amid COVID-19 outbreaks.

China banks appeal for relaxation of documentation rules to ease funds flow-sources

Banks in China are urging regulators to relax rigid documentation rules as companies there have not been able to fulfill them due to COVID-19 lockdowns, forcing the lenders to halt services such as loan disbursements, sources said.

Australia's ASX appoints Helen Lofthouse as first female chief

Australian bourse operator ASX Ltd on Thursday appointed internal candidate Helen Lofthouse as its first female chief executive officer, replacing Dominic Stevens.

AIB to pay NatWest 5.4 bln euros for Irish tracker mortgage book

Allied Irish Banks will pay NatWest Group 5.4 billion euros ($5.75 billion) to acquire its Irish tracker mortgage book as the British lender moves towards completing its exit from Ireland.

BoE's Cunliffe seeing evidence of slowdown in housing market

Bank of England Deputy Governor Jon Cunliffe said on Wednesday the central bank was seeing evidence of a slowdown in the housing market.

Wells Fargo CEO sees $1 billion opportunity in growing investment bank

Wells Fargo & Co's Chief Executive Officer Charlie Scharf said Wednesday he wants to grow Wells' corporate and investment banking business on Wednesday by $1 billion opportunity.

Caixabank hires CBRE to sell Madrid headquarters, source says

Spain's Caixabank has hired real estate firm CBRE to sell its headquarters in downtown Madrid after it moved part its operations to a tower it bought from rival Bankia last year, a source with knowledge of the matter said.

EXCLUSIVE Credit Suisse weighs options to strengthen capital - sources

Credit Suisse is in the early stages of weighing options to bolster its capital after a string of losses has eroded its financial buffers, two people with knowledge of the matter told Reuters.

Shareholder Harris says Credit Suisse doesn't need equity rise

Major Credit Suisse shareholder Harris Associates sees no need for the Swiss bank to raise fresh equity capital, it said on Tuesday after Reuters reported the bank was weighing options to shore up its balance sheet.

Russia's Sberbank says working as usual despite new EU sanctions

Russia's largest lender Sberbank said on Tuesday new European sanctions would not impact its operations after European Union leaders agreed to cut bank that was already under sanctions from the SWIFT messaging system.

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