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Europe’s self-proclaimed investment banking champions are playing to their strengths, but remain far behind US peers
After quitting M&A and equity capital markets in Europe and the US last year, HSBC is striving to maintain global relevance — and London and New York still have a role to play
Deal raises questions about whether transaction was done at arm's length
Public pension schemes have sold shares in coal, oil and gas companies but are still funding expansion of the gas industry through infrastructure funds
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  • The Securities and Exchange Board of India has issued a consultation paper on real estate investment trusts (Reits) that eases some restrictions, in a bid to get the asset class off the ground.
  • The Singapore Exchange (SGX) said following a post-mortem into its longest trading disruption last week that it is yet to find out why its backup system failed to kick in after a hardware malfunction.
  • US territory the Commonwealth of Puerto Rico has triggered a failure to pay credit event, the International Swaps and Derivatives Association’s Determination Committee has ruled after a week of deliberation.
  • Oversea-Chinese Banking Corp has merged its two subsidiaries in the Mainland — OCBC Bank (China) and Wing Hang Bank (China) — in a bid to comply with the country’s single presence policy for foreign lenders.
  • The Singapore Exchange (SGX) is planning to create a separate subsidiary that will assume all of its front-line regulatory functions, as the bourse looks to separate its commercial and regulatory roles.
  • The Singapore Exchange (SGX) reopened for trading on Friday after a hardware glitch forced it to shut down for half of Thursday, in what was the longest trading disruption ever experienced by the bourse.