 | | | | HSBC has appointed Patrick Boumalham as its new global head of wealth sales within its markets division, effective in September, according to an internal memo seen by Reuters and confirmed by a company spokesperson. | | | | | | Billionaire hedge fund manager Ray Dalio's huge popularity in China has not only drawn local investors flocking to his funds but also spawned home-grown challengers using his "All Weather" strategy and brand to try to beat him at his own game. | | | | | | Private equity firm Carlyle Group Inc said on Sunday Chief Executive Kewsong Lee, 56, has stepped down with immediate effect months before the scheduled end of his five-year contract. | | | | | | Credit Suisse is not exposed to any large losses among lenders to embattled Mexican firm Credito Real , the Swiss bank said on Saturday, contradicting earlier media reports. | | | | | | State Bank of India on Saturday missed estimates with a 6.7% fall in first-quarter net profit hit by investment losses which India's largest lender said it expected to recoup over the course of the year. | | | | | | Morgan Stanley said on Friday it had reached agreements with two regulatory agencies to resolve record-keeping investigations about business communications on messaging platforms not approved by the bank. | | | | | | A U.S. judge on Friday threw out a former Deutsche Bank AG trader's conviction for conspiring to manipulate the global lending benchmark Libor, after an appeals court tossed the convictions of two former colleagues he testified against. | | | | | | Lebanon's banking association announced on Friday that banks would go on strike starting on Monday over what of the banking it said was a build-up of "populist, harmful stances" taken against the sector. | | | | | | The Brazilian subsidiary of Credit Suisse Group AG has named Marcello Chilov as its new CEO, the bank said on Friday. | | | | | | Talk of changes to the Bank of England's powers has revived a debate on whether central banks should be independent of governments and in what way. | | | | | |
