Tuesday, 23 July 2019

People & Markets

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  • Former CLSA Australia capital markets head launches boutique

    Mark Dorney, CLSA’s former head of corporate finance and capital markets for Australia and New Zealand, has launched his own boutique advisory firm, Chevalier Capital.

  • 1MDB: Pair sentenced to jail in UAE

    Two prominent executives have been handed prison sentences in the United Arab Emirates of at least a decade each over their role in the scandal at Malaysian state investment fund 1MDB, the Wall Street Journal reported.

  • Credit Suisse: SFC fine over research lapses

    Hong Kong’s securities regulator has censured Credit Suisse for failing to disclose its investment banking relationship with companies that were the subject of certain research reports.

  • ANZ New Zealand CEO leaves amid expenses row

    Australia and New Zealand Banking Group’s chief executive for New Zealand David Hisco has stepped down following an internal review of his personal expenses.

  • CLSA's Johnson to join Jefferies

    CLSA’s Australia banking analyst Brian Johnson is joining Jefferies, adding to a growing number of staff deserting the Chinese-owned brokerage.

  • National Australia Bank: A$2bn tech lending pledge

    National Australia Bank has said it will set aside A$2bn (US$1.38bn) in funding over the next five years to help technology companies.

  • Deutsche plots Asia cuts

    Deutsche plots Asia cuts

    Deutsche Bank is planning to overhaul its trading operations, which will include shrinking or shutting equity and rates trading businesses in Asia, a source close to the matter has said.

  • China JVs report combined loss in 2018

    Citigroup boasted the most profitable China securities joint venture last year among international banks for the third year in a row despite recently agreeing to sell up, while new entrant HSBC slumped to a loss, according to data released last week.

  • Baoshang's creditors escape haircuts

    Practically all of Baoshang Bank’s creditors have been repaid in full only a few weeks after China’s takeover of the ailing bank prompted concerns that it would impose heavy losses on liability holders.

  • UBS caught in China backlash

    UBS caught in China backlash

    UBS’s expansion plans in China have hit a speed bump after a public outcry over comments made by one of its senior economists that some have interpreted as culturally insensitive.