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JPMorgan switches Chen to private wealth

  Bloomberg JPMorgan Chase & Co’s Michelle Chen, a former senior China technology banker, will join the bank’s asset and wealth management division in Hong Kong, according to a memo seen by Bloomberg News. Chen, the bank’s former co-head of China technology, media and telecommunications, will lead the bank’s 23 Wall efforts in North Asia, reporting to Natacha Minniti, the ...

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Swedish housing showing signs of calming, says Riksbank chief

Bloomberg Sweden’s ailing housing market may be entering a calmer phase after being battered by rising interest rates and soaring costs of living, Riksbank Governor Erik Thedeen said. “If you look at some of the indicators, the decline may have subsided,” Thedeen said at a residential real estate conference in Stockholm. “Perhaps there are signs of some form of stabilisation ...

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UK overtakes India as world’s sixth-biggest equity market

  Bloomberg The UK has surpassed India as the world’s sixth-largest equity market for the first time in almost nine months as a weaker pound boosted the appeal of heavyweight exporters trading in London and Adani Group-led jitters weighed on stocks in Mumbai. The combined market capitalisation of the primary listings in the UK, excluding ETFs and ADRs, reached about ...

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