JPMorgan outsources a $500b custody business to StanChart and HSBC in Taiwan and Hong Kong.
With assets worth more than $500 billion, JPMorgan Chase has chosen HSBC and Standard Chartered to run its custody businesses in Hong Kong and Taiwan,
African nations are trapped in a debt cycle, as Chinese loan repayment exceeds the amount they receive in new loans.
China's position as a major lender to developing countries has changed over the past ten years, with fresh loans to poorer nations drastically declining while
Amazon fined $2.5 billion for duping millions of customers with Prime subscription. – FTC.
A historic order has been obtained by the Federal Trade Commission from Amazon.com, Inc., Senior Vice President Neil Lindsay, and Vice President Jamil Ghani. This
Nigeria crackdowns on cryptocurrencies in a bid to salvage the Naira detains Binance executives.
The Financial Times reported on Wednesday, that two senior executives of Binance had been detained in Nigeria as the nation cracks down on cryptocurrency exchanges.
Chinese-made “smart cars” can be used to gather sensitive information about Americans at scale.
The Biden administration says it will look into Chinese-made “smart cars” that potentially collect private data on Americans who use them, citing possible threats to
Gottesman’s widow donates $1b to a New York medical school, the highest on record.
Samuel Woo, a first-year student, was thinking about going into cardiology so he could pay off his medical school debt, but last week he learned
Swisscom to build synergy by acquiring Vodafone Italia in an $8.65b merger deal.
Swisscom, a telecom company, announced on Wednesday that it is in discussions with Vodafone Group to acquire its Italian business for a potential 8 billion
Barclays leverages credit risk transfer with the sale of $1.1b US credit card debt to Blackstone.
Barclays has agreed to sell Blackstone around $1.1 billion in credit card debt in the US. The British bank claimed that this transaction would free
SK Telecom partners with Perplexity AI search firm to oust Google in Korea.
The largest telecom company in South Korea, SK Telecom, has partnered with the American artificial intelligence startup Perplexity to provide its consumers with an AI-powered
Broadcom is set to announce the sale of an end-user computing unit to KKR for $3.8b this week.
Chipmaker Broadcom is closing on a $3.8 billion deal to sell its business, which enables customers to access desktops and applications from any device to
US judge rules that Barclays must answer to the shareholders’ lawsuit on the $17.7b debt sale blunder.
On Friday, an American judge said that Barclays would have to deal with a proposed class action from investors who claimed the British bank had
Egypt’s battered economy gets $35b investment from UAE to boost forex.
Egypt announced on Friday that it has signed an agreement with the United Arab Emirates to develop a desirable portion of its north coast in
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