Bloomberg Scions from two of Singapore’s most prominent families are boosting their involvement in digital assets. Whampoa Group, a multi-family office anchored by principals from the Lee family that founded Oversea-Chinese Banking Corp. and Amy Lee, the niece of the city-state’s founding prime minister, wants to spin out its asset-management business for digital investments. Family offices tend to be ...

Bloomberg Goldman Sachs Group Inc is embarking on its biggest round of jobs cuts since the start of the pandemic. The Wall Street titan plans to eliminate several hundred roles starting this month, according to people with knowledge of the matter. While the total number is less than some previous rounds, the reductions are a resumption of Goldman’s annual culling ...

Bloomberg China’s credit growth recovered in August from a record low after the central bank cut rates and pushed banks to lend more, although still anemic household borrowing and the return of shadow banking suggest that real demand for loans is still not strong. Aggregate financing to the economy, which is a broad measure of new credit, was triple the ...