Bloomberg Hong Kong’s leader said the city will cut ties with any group that gets involved in politics, as authorities in the Asian financial hub ramp up pressure on civil society organisations critical of the government. Chief Executive Carrie Lam said at a regular press briefing on Tuesday that she supported the existence of a “pluralistic society” but that several ...

Bloomberg The recent flood of US regional bank deals may be drying up. After announcing $76 billion in mergers and acquisitions so far this year — the most since 2008 — US lenders are now running out of potential partners, according to executives and investment bankers. Fewer buyers exist following takeovers by Citizens Financial Group Inc, PNC Financial Services Group ...

Bloomberg Goldman Sachs Group Inc’s asset-management division hired Maria Vassalou, who most recently ran her own firm and spent years at Perella Weinberg Partners, to help manage funds at a $200 billion unit. Vassalou is the deputy chief investment officer at Goldman’s multi-asset solutions group, according to people familiar with the matter, who asked not to be identified discussing personnel ...