Bloomberg
Citizens CEO on US Economy, SEC Proposals, Bank Mergers
Citizens Financial Group CEO Bruce Van Saun says US consumers are in good shape and the Federal Reserve has probably done enough. Speaking with Alix Steel and Guy Johnson on "Bloomberg Markets," Van Saun also comments on the recent bank...
Bloomberg
Indian Billionaire Uday Kotak Resigns as Bank CEO Earlier Than Expected
Uday Kotak has suddenly resigned Saturday as managing director and chief executive officer of Kotak Mahindra Bank Ltd. India's richest banker is becoming a non-executive director. Dipak Gupta, the joint managing director, will take...
Bloomberg
UBS Seeing Inflows Across Platforms, CEO Ermotti Says
UBS Group AG Chief Executive Officer Sergio Ermotti discusses the bank's strategy and its integration of Credit Suisse. The Swiss lender posted the biggest-ever quarterly profit for a bank in the second quarter as a result of the merger....
Bloomberg
China's Property Sector Needs to Shrink, Economist Andy Xie Says
"The issue is that the property sector is too big and needs to shrink." Andy Xie, a Shanghai-based independent economist, discusses the prospects for the Chinese economy, the challenges it faces, and the government's efforts to support...
Bloomberg
BNP Paribas: Moved Away From Chinese Banks Into Insurers
Manishi Raychaudhuri. Asia Pacific equity strategist at BNP Paribas, shares his views on Chinese stocks, the economy and the real estate market. He also discusses Federal Reserve policy and its market implications. He speaks with Haidi...
Bloomberg
China Cuts Down Payments in Property Stimulus Drive
China moved to allow its largest cities to cut down payments for homebuyers and encouraged lenders to lower rates on existing mortgages in its latest attempt to halt a slide in the country's residential property market. Jill Disis...
Bloomberg
Making Sense of China's Property Sector and Stimulus
Kevin Liu, managing director and strategist at CICC Research, discusses China's stimulus measures for the property sector, investor sentiment and his outlook for markets. He speaks on Bloomberg Television.
Bloomberg
Nomura's Subbaraman: Getting Worried About China's Banks
"It's not clear to us that these piecemeal policy measures are really enough to revive the economy." Rob Subbaraman, head of global macro research at Nomura, discusses China's policy support for the economy and where he's seeing bright...
Bloomberg
Standard Chartered Offers 20 Weeks Paid Leave
Standard Chartered will offer at least 20 weeks of paid leave to new parents starting next month, joining a wave of companies expanding benefits for dads and adoptive parents as well as moms. Sonali Basak reports on "Bloomberg Markets:...
Bloomberg
China Banks Enlisted in Stimulus Push
China may announce that the big state-owned banks are cutting rates on the majority of the nation's 38.6 trillion yuan ($5.3 trillion) of existing mortgages, according to people familiar with the matter. The reductions will only affect...
Bloomberg
Fidelity Says Chinese Equities Remain a 'Top Call'
"With Chinese valuations looking so attractive, that's where we're really finding the opportunities." Catherine Yeung, investment director at Fidelity International, shares her views on stocks in China, India and Japan. She speaks with...
Bloomberg
China Property Sales Will Continue to Decline: Jefferies
"China property sales will continue to decline due to trend of population, birth ratio and marriage." Shujin Chen, head of China financial & property research at Jefferies, discusses China's property market, mortgage rates and net...
Bloomberg
San Francisco Fed Bank-Supervision Chief to Retire
The Federal Reserve's head of bank supervision in San Francisco, which had oversight of lenders including Silicon Valley Bank, will resign at the end of October. Azher Abbasi was criticized for the collapse of SVB and other lenders....
Bloomberg
Bank of America Trading Desks Gain Ground
Bank of America has been quietly making headway in a bid to narrow the gap with its main competitors. Since Jim DeMare took over the bank's global markets division in a flurry of leadership changes three years ago, he and his colleagues...
Bloomberg
Fed Has Already Gone Too Far: Kayne Anderson's Rabil
"We're in for a rough road ahead," Kayne Anderson Capital Advisors CEO Al Rabil says. Speaking on "Bloomberg Markets: The Close," Rabil also comments on the private credit market.
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Bloomberg
Goldman Sachs to Enforce Five Days a Week Office Policy
Goldman Sachs is embarking on a fresh effort to enforce its policy of working from the office five days a week. Sri Natarajan and William Cohan, author of "Money and Power: How Goldman Sachs Came to Rule the World," react on "Bloomberg...
Bloomberg
Third Quarter Is Key for Goldman Sachs CEO, Cohan Says
William Cohan, Puck founding partner and author, talks about the power struggle in Goldman Sachs and what CEO David Solomon has to do to keep his job.
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Bloomberg
Shwab Will Cut Staff, Close Offices to Save $500 Million a Year
Charles Schwab Corp. aims to save at least $500 million in annual costs by cutting jobs and closing or downsizing some corporate offices. Vonnie Quinn reports on Bloomberg Television.
Bloomberg
Citi Weighs Split of Institutional Clients Group: FT
Citigroup Inc. Chief Executive Officer Jane Fraser is reportedly mulling a plan to break up the company's Institutional Clients Group, which made nearly three-quarters of the bank's profit last year, into three segments. Tom Metcalf...
Bloomberg
How Can Beijing Convince Investors That China Is a Safe Bet?
Redmond Wong, Greater China market strategist at Saxo, discusses the state of the Chines economy, policies, and the implications for financial markets. He speaks with David Ingles and Yvonne Man on "Bloomberg Markets: China Open."
Bloomberg
China Tech Recovery Still Uncertain: Earnings Week Ahead
NetEase and Baidu also announce results this week, hot on the heels of Tencent's revenue miss that was seen as a bad omen for the tech industry. Felix Tam reports on Bloomberg Television.
Bloomberg
Chinese Banks Disappoint With Smaller Lending Rate Cuts
Chinese banks made a smaller-than-expected cut to their benchmark lending rate on Monday and avoided trimming the reference rate for mortgages, despite the central bank putting pressure on lenders to boost loans. Jill Disis reports on...
Bloomberg
Crypto Is Becoming a Political Powerhouse, Says Demirors
Coinshares Chief Strategy Officer Meltem Demirors says the crypto industry is becoming more powerful in Washington. She's on "Bloomberg Crypto" from Aug. 8.
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Bloomberg
Goldman CEO Solomon's Leadership Under Scrutiny
There have been concerns about Goldman's consumer banking effort and questions around David Solomon's leadership as CEO. But a New York magazine article over the weekend took this all a step further, asking, "Is David Solomon Too Big a...