Citigroup has agreed to sell its China consumer wealth portfolio, including clients, assets under management, and deposits, to HSBC. The de...

Marquee funds, including Axis Mutual Fund, Goldman Sachs, Citigroup, Morgan Stanley Asia, and Societe Generale were among the buyers in the...

Germany's largest bank said in a note dated June 9 and viewed by Reuters that it had uncovered a shortfall in the shares that back the depo...

The group had announced plans in April 2021 to exit its Chinese consumer banking business as part of a global strategy to withdraw from con...

"There is also the ability to reach a very large domestic market. Particularly given the dynamics of China and geopolitics, you don't want ...

Trading has emerged as a bright spot for Wall Street banks this quarter as clients look to rebalance their portfolios in the face of geopol...

Berkshire also finally exited Wells Fargo & Co, a 33-year-old investment that Buffett soured on after finding it too slow to address revela...

UniCredit has received several offers from Russian financial institutions to buy its local subsidiary since its chief executive, Andrea Orc...

"Goldman Sachs is winding down its business in Russia in compliance with regulatory and licensing requirements," the bank said in an emaile...

Buying into companies on the basis of environmental, social and governance (ESG) factors is one of the hottest trends in the fund managemen...

Central banks around the world are dealing with the aftermath of last year’s multiple interest-rate cuts and trillions of dollars in stimul...

The cuts have allowed the US shale producers to lock in margins and plan new investments.

“We are united, shoulder to shoulder,” Saudi Arabian Energy Minister Khalid Al-Falih said.

While Goldman expects Opec deal to ultimately succeed, it warns the surplus may reappear.

The deal to maintain the cut another nine months, hammered out this week in Vienna.

European finance ministers lined up behind proposals to rein in bank bonuses as governments sought to forge a common stance on overhauling ...

A day after ET reported that Sanjay Nayar, Citigroup’s CEO for South Asia, is moving out, the American banking major on Thursday named vete...