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Kwarteng signs off on $113b of bond buying by Bank of England

  Bloomberg Kwasi Kwarteng signed off on £100 billion ($113 billion) of bond buying by the Bank of England (BOE) as the market fall into turmoil last week, higher than the size of the plan announced by the central bank and an indication of the level of concern among officials about volatility in the gilt markets. The BOE took emergency ...

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HSBC exploring possible sale of Canadian unit for latest disposal

Bloomberg HSBC Holdings Plc is exploring a sale of its operations in Canada, the latest move to streamline the lender that is seeking to head off a call by its largest shareholder to split up. A potential sale of HSBC’s 100% equity stake in HSBC Bank Canada is among the options being explored, the lender said in a statement. The ...

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Five more private bankers leave Credit Suisse in HK

  Bloomberg Credit Suisse Group AG is struggling to halt departures from its private bank in Hong Kong, with more recent resignations amid the turmoil at the Swiss lender. Luke Chiu, a managing director and China market leader has resigned from the bank. Nelson Hui, a director and team leader for China has also resigned, along with two relationship managers. ...

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