Recent Posts

Bank of East Asia considers $1 billion insurance asset sale

Bloomberg Bank of East Asia Ltd., (BEA) the Hong Kong lender that has been besieged by activist investor Paul Singer’s Elliott Management Corp., is considering options including a sale of insurance assets as part of its strategic review, according to people familiar with the matter. BEA could seek more than $1 billion from a sale of assets including its life ...

Read More »

BMO, CIBC join firms in moving traders amid outbreak of virus

Bloomberg Bank of Montreal (BMO) is splitting up its trading operations in Canada, the US, Asia and London, following other firms including Royal Bank of Canada (RBC) in taking measures to ensure business continues amid the coronavirus outbreak. “We are separating some of our critical trading staff to our business continuity plan sites in some locations as part of our ...

Read More »

JPMorgan to cut 140 jobs in Switzerland

Bloomberg JPMorgan Chase & Co. plans to eliminate as many as 140 positions at its private bank in Switzerland as it moves teams to cheaper locations to cut costs, according to a person familiar with the matter. The bank notified employees that it will be moving jobs in operations, technology and other support functions to locations including Scotland, the Philippines ...

Read More »
Send this to a friend