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(Bloomberg) — With the clock ticking in the hunt for HSBC Holdings Plc’s next chairman, Europe’s largest bank is speeding its efforts to assemble a list of candidates for the role. Chairman Mark Tucker’s announcement last week that he would leave HSBC in September to take on a non-executive chairman role at AIA Group Ltd….
(Bloomberg) — Investors are so eager to buy the riskiest bank debt that they’re snatching up securities even from unproven borrowers. A UK bank rescued from collapse less than two years ago, a lender to small businesses and an online loan provider are among a swathe of firms selling their first Additional Tier 1…
Shares of India Glycols continued their upward momentum on Tuesday, May 13, jumping over 6 percent in intra-day trade to hit a fresh all-time high of ₹1,645. The multibagger stock extended its rally for the second consecutive session, gaining nearly 18 percent in just two trading days. The sharp gains in India Glycols shares come…
That said, the wealth and asset management segments – with huge growth runways – also continue to perform well and support the overall business. But what’s really driving this shift, and what opportunity could shape the next phase of growth? We unpack these details in this piece. Broking under pressure, distribution gains momentum The wealth…
(Bloomberg) — The global trade war is providing a boon for Asian consumer stocks, as investors take shelter in companies that cater to local buyers’ essential needs. Strategists at Goldman Sachs Group Inc. and Morgan Stanley recommended Asian consumer staples in reports released after the April 2 tariff barrage, urging investors to turn defensive. Fidelity…
In India, the Nifty 50 plunged over 5% in four days post tariff announcement, while the India Volatility Index (VIX) shot up 65.7% to 22.8 on 7 April —its sharpest single-day spike since 2007. Though US President Donald Trump partially rolled back tariffs on 9 April, offering a 90-day pause for most nations (excluding China)…