Billionaire Jack Ma seems unable to move beyond his controversial past. He paid dearly for his open critique of Chinese state-owned banks last October, when weeks later a furious President Xi Jinping personally decided to pull Ant Group Co’s $34 billion initial public offering. In April, his e-commerce giant Alibaba Group Holding Ltd was slapped with a record $2.8 billion ...

Bloomberg HSBC Holdings Plc isn’t about to throw away its pandemic-era ways of working. The bank, which is in the midst of a historic pivot and cost cutting program, predicts it will be operating in a profoundly different way after the virus outbreak ebbs, with as many as 70% of its staff backing a hybrid working model and with its ...

Bloomberg Goldman Sachs Group Inc is hiring bankers from rival firms Citigroup Inc and HSBC Holdings Plc as the US lender seeks to expand its business in the Middle East amid a surge in deals from the region. Jassim AlSane, a senior Citigroup banker, will join Goldman Sachs’ Dubai office in November as managing director and the co-head of investment ...