Sinn Fein leads in poll ahead of election

Bloomberg Sinn Fein looks set to become the largest party in Northern Ireland’s assembly, potentially marking a historic shift in the region’s political balance, according to a poll ahead of next week’s election. The nationalist party, whose ultimate goal is a united Ireland, drew 26% support in LucidTalk’s final poll for the Belfast Telegraph ahead of the May 5 vote. ...

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House panel plans eight hearings on Capitol riot

Bloomberg The findings of a House select committee’s investigation into the January 6, 2021 insurrection at the Capitol will be presented to the nation in eight separate public hearings spread out over June, the panel’s chairman said. Planning is under way for a mixture of televised hearings in prime-time and others to occur during the daytime, Representative Bennie Thompson, a ...

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UBS becomes third global bank to lose China boss this month

  Bloomberg UBS Group AG’s David Chin is stepping down as China country head, the third senior executive at a global lender in the nation to exit this month as bankers are hobbled by a strict Covid Zero strategy and a crackdown on private enterprise. After two years in the role, Chin will be succeeded by Eugene Qian, chairman of ...

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HSBC warns of China headwinds, more real estate loan losses

  Bloomberg HSBC Holdings Plc, the largest foreign bank in China, warned of further potential hits from the nation’s battered real estate market as defaults continue to climb amid a worsening Covid-19 outbreak. “It’s a big call to say that we’ve seen the worst,” Ewen Stevenson, HSBC’s chief financial officer, said in an interview with Bloomberg News. “Do I think ...

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Santander delivers earnings beat fired by rates, currencies

  Bloomberg Banco Santander SA’s earnings beat estimates, with the retail banking giant’s geographical reach providing a buffer against growing economic risks in Europe from the war in Ukraine. Spain’s biggest lender posted net income of 2.54 billion euros ($2.72 billion) in the first quarter, exceeding the analyst consensus of 2.26 billion euros, as rising lending revenue offset increased costs ...

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Nomura posts $242m net profit in Q1 2022

  Bloomberg Nomura Holdings Inc posted a fourth straight quarter of profit as Japan’s largest brokerage booked gains from a stake sale in one of its affiliated companies, offsetting further provisions for a legal case in the US. Net income totalled 31 billion yen ($242 million) in the three months ended March 31, the firm said in a statement. Nomura ...

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JPMorgan’s Southeast Asia ECM head quits

  Bloomberg Novan Amirudin, head of Southeast Asia equity capital markets at JPMorgan Chase & Co., is leaving after serving more than 15 years at the US bank, according to people familiar with the matter. Novan, who is also head of Malaysia investment banking at JPMorgan, tendered his resignation this week, said the people. He has started his gardening leave, ...

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Bets of easing crackdown spur rise in China technology stocks

Bloomberg Technology stocks led a broad rally in Chinese equities on Friday as the nation’s top leaders vowed to boost economic stimulus and as speculation grew about a possible easing of the continued crackdown on internet firms. The Hang Seng Tech Index jumped 10% in Hong Kong, the most since March 16, led by names like Alibaba Group Holding Ltd. ...

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Yen’s historic decline signals rewrite of global currency playbook

Bloomberg The yen’s plunge to a 20-year low threatens to leave it significantly weaker for years to come, shaking up global money flows and undermining Japan’s efforts to get its fragile economy back on track. The speed of the decline — it’s slumped 11% against the dollar in seven weeks — has caught policy makers off guard and exposed divisions ...

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FAB’s net profit up 107% to AED5.1 billion in Q1 2022

  Abu Dhabi / WAM First Abu Dhabi Bank (FAB) has reported its financial results for the three-month period ended March 31. The group produced a strong set of results with a net profit of AED5.1 billion, up 107 percent from AED2.5 billion in the first quarter of 2022. The results represent the highest quarterly net profit in the bank’s ...

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