BEIJING, Sept 1- Banks accounted for 53 percent of the orders for the World Bank's first batch of Special Drawing Rights bonds in China's interbank market, the lender said on Thursday. Central banks and official institutions accounted for 29 percent of the orders, followed by securities companies and asset managers with 12 percent, and insurance companies with...
Chinese outward investments could hit $150 billion this year and some rejections were to be expected, says American Enterprise Institute's Derek Scissors.
A participant in Morgan Stanley's retirement-savings plan sued Friday, alleging its investment options are poor, including some funds the bank runs.
There's still time yet to set up the Shenzhen-HK Stock Connect in 2016, Charles Li told CNBC.
While Brexit's impact on Asia might be limited, it will affect Asian financial centers such as Hong Kong and Singapore the most, says Jefferies' Sean Darby.
The Fed will not be raising rates this year, so U.S. banks won't be earning more on net interest margins, says Wedbush Equity Mgmt's Steve Massocca.
Moody's Investors Service's Srikanth Vadlamani explains that consolidation of Indian state banks might create larger risks than benefits.
Britain's government has scrapped plans to sell stakes in Royal Bank of Scotland and Lloyds Banking Group this year in the wake of the Brexit vote, sources told Reuters.
Deutsche AM's Sean Taylor says China's new regulation, which allows foreign firms to issue shares on mainland markets, is part of its market reform.
A number of US companies are exposed to risks from a Brexit — for a variety of reasons. Here’s a breakdown.
JPMorgan's Adrian Mowat identifies the areas China needs to reform before it can become a globally investible emerging market.
Andersons on Wednesday rejected a $1 billion all-cash offer from HC2 Holdings, a company run by former hedge fund manager Philip Falcone.
Yahoo's management team and directors have given a warm welcome to Starboard Value Chief Executive Jeffrey Smith since he joined the company's board.
Atish Davda, EquityZen CEO, talks about investing in the secondary market, and his company's aim of helping private shareholders and early investors free up liquidity.
Nomura Holdings has announced it will restructure its business in Europe and the Americas, closing some operations in Europe.
The departure of Tepper to Florida has gotten so much attention that lawmakers are calling for changing the state's tax structure.
China's foreign reserves fell for a third straight month in January, as the central bank dumped dollars to defend the yuan and prevent an increase in capital outflows.
There will be Fed hikes this year, but they'll be done with sensitivity to events in markets, Philip Wee, senior FX economist at DBS Bank, predicts.
BlackRock on Friday reported quarterly profit that was weaker than analysts expected, due to higher compensation costs.
Seven of the biggest investment banks operating in London paid little or no tax in Britain last year.