For global banks, India could soon be worth it

For global banks, India could soon be worth it

A man walks out of the Bombay Stock Exchange (BSE) building in Mumbai, India, January 3 2020. REUTERS/Francis Mascarenhas Acquire Licensing Rights BENGALURU, Nov 7 (Reuters Breakingviews) – Global banks’ CEOs have descended on Hong Kong for a financial leaders summit hosted by the city’s monetary authority but investment bankers based in the hub are … Read more

US Treasuries basis trades seen as less profitable as funding costs rise

US Treasuries basis trades seen as less profitable as funding costs rise

The Wall Street sign is pictured at the New York Stock exchange (NYSE) in the Manhattan borough of New York City, New York, U.S., March 9, 2020. REUTERS/Carlo Allegri/File Photo Acquire Licensing Rights NEW YORK, Nov 3 (Reuters) – A hedge fund arbitrage trading strategy that likely exacerbated a crash in the world’s biggest bond … Read more

JPM CEO asks Texas to stop pushing anti-business bond laws – Bloomberg News

JPM CEO asks Texas to stop pushing anti-business bond laws – Bloomberg News

Jamie Dimon, Chairman of the Board and Chief Executive Officer of JPMorgan Chase & Co., speaks during the event Chase for Business The Experience – Miami hosted by JP Morgan Chase Bank for small business owners at The Wharf in Miami, Florida, U.S., February 8, 2023. REUTERS/Marco Bello/File Photo Acquire Licensing Rights Nov 1 (Reuters) … Read more

Crypto giant Binance’s US affiliate halts direct dollar withdrawals

Crypto giant Binance’s US affiliate halts direct dollar withdrawals

Smartphone with displayed Binance logo and representation of cryptocurrencies are placed on a keyboard in this illustration taken, June 8, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing Rights Oct 17 (Reuters) – The U.S. unit of cryptocurrency exchange Binance has halted withdrawal of dollars by its clients from the platform, its updated terms showed on Monday. … Read more

US SEC does not plan to appeal court decision on Grayscale bitcoin ETF -source

US SEC does not plan to appeal court decision on Grayscale bitcoin ETF -source

The headquarters of the U.S. Securities and Exchange Commission (SEC) are seen in Washington, July 6, 2009. REUTERS/Jim Bourg/File Photo Acquire Licensing Rights NEW YORK, Oct 13 (Reuters) – The U.S. Securities and Exchange Commission (SEC) will not appeal a recent court ruling that found it was wrong to reject an application from Grayscale Investments … Read more

Wall St bonuses may drop 16% as higher rates threaten businesses – NY Comptroller

Wall St bonuses may drop 16% as higher rates threaten businesses – NY Comptroller

[1/2]The Wall Street sign is pictured at the New York Stock exchange (NYSE) in the Manhattan borough of New York City, New York, U.S., March 9, 2020. REUTERS/Carlo Allegri/File Photo Acquire Licensing Rights Oct 12 (Reuters) – Wall Street bonuses could fall 16% this year as interest rates possibly staying higher for longer threatens the … Read more

Marketing automation firm Klaviyo’s shares set to jump up to 23%

Marketing automation firm Klaviyo’s shares set to jump up to 23%

Trader works on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., March 30, 2023. REUTERS/Brendan McDermid Acquire Licensing Rights Sept 20 (Reuters) – Shares of Klaviyo (KVYO.N) were set to open up to 23% above their IPO price on Wednesday, giving the marketing automation company a potential valuation of … Read more

US Treasury: Financiers’ ‘net zero’ pledges must align with temperature limits

US Treasury: Financiers’ ‘net zero’ pledges must align with temperature limits

[1/3]U.S. Treasury Secretary Janet Yellen speaks during an interview in New York City, U.S., September 18, 2023. REUTERS/Shannon Stapleton/File Photo Acquire Licensing Rights NEW YORK, Sept 19 (Reuters) – “Net-zero” financing commitments from banks and asset managers should align with goals to limit the global average temperature increase to 1.5 degrees Celsius and be backed … Read more

Exclusive: Klaviyo leans towards raising IPO price range amid market euphoria

Exclusive: Klaviyo leans towards raising IPO price range amid market euphoria

NEW YORK, Sept 15 (Reuters) – Marketing automation firm Klaviyo Inc is in advanced discussions to raise the indicative price range of its initial public offering (IPO), people familiar with the matter said on Friday, as strong investor demand emboldens stock market hopefuls. Klaviyo, which is seeking an $8 billion fully diluted valuation at the … Read more

DBS chief says wealth management business benefiting from inflows

DBS chief says wealth management business benefiting from inflows

[1/2]DBS CEO Piyush Gupta speaks during a Reuters Newsmaker event in Singapore September 14, 2023. REUTERS/Mindy Tan Acquire Licensing Rights HONG KONG, Sept 14 (Reuters) – DBS Group’s (DBSM.SI) wealth management business has benefited from inflows from across Asia, the Middle East and European regions recently, Chief Executive Piyush Gupta said on Thursday. Gupta, speaking … Read more