Recent Posts

Deutsche Bank pulls out of Wirecard bank sale over price

Bloomberg Deutsche Bank AG has dropped its pursuit of Wirecard AG’s banking unit and related assets after balking at the price sought by the payments company’s insolvency administrator. Wirecard’s insolvency administrator, Michael Jaffe, had been seeking at least $119 million to proceed with a sale of the assets rather than a liquidation. Deutsche Bank had submitted a bid for some ...

Read More »

Rich Asians are hoarding cash for post-virus deals, says DBS

Bloomberg Asia’s wealthy are readying cash to take advantage of opportunities in financial markets and private equity once the impact of the coronavirus pandemic subsides, according to the head of private banking at Southeast Asia’s largest lender. Clients have increased cash holdings to about 40% of their portfolios in recent months, up from about 30% before the pandemic, Joseph Poon, ...

Read More »

BOJ considers upgrading its economic assessment

Bloomberg The Bank of Japan (BOJ) is likely to consider upgrading its economic assessment amid signs of a rebound from the economy’s worst contraction on record last quarter, people familiar with the matter said. Any changes would acknowledge that Japan’s slump has bottomed, rather than indicate optimism about the outlook, according to the people. BOJ officials continue to see Japan’s ...

Read More »
Send this to a friend