Sumeet Chatterjee
Stories by Sumeet Chatterjee
HSBC targets globally mobile with $1.4t wealth business
The plan is to grow in the three major markets where HSBC has a scale, namely the UK, HK and Mexico.
HSBC to shrink i-banking business, cut 35,000 jobs in strategy overhaul
The restructuring is one of the largest undertaken by a blue-chip lender for more than a decade.
HSBC to shed assets worth $100b, lay off 35,000 people over three years
The bank is seeking to become leaner and more competitive as it tries to grapple with a swathe of challenges.
Bank of America to hire 50 bankers for Asia dealmaking team in 2020
BofA is aiming to break into the top four of Asian i-banking league tables in the next few years.
HSBC slashing around 100 staff in equities business
The cuts are said to be across the bank's equities research, sales, trading and back-office business departments.
Warburg Pincus said to eye up to $1.5b for first India-focused fund
Launches of India-focused private equity funds are rare, and big global buyout firms typically invest in a country mainly from their regional funds.
PE major KKR targets to raise record $15b Asia-focused fund in 2020
Buyout groups including Bain Capital, Blackstone, Carlyle, and KKR are increasingly focusing on Asian investments.
Credit Suisse hires CLSA analysts to launch China research team
Credit Suisse is hiring for its China Quantitative Insight team to produce data-driven thematic research reports.
Fosun-backed Henlius Biotech set to open down 4% in HK debut
Henlius last week priced its IPO in Hong Kong at the low end of the indicative price.
Allianz, Nippon in race to acquire Aviva’s Asia units for up to $2.5b
Canada's Sun Life Financial is also among roughly half a dozen suitors competing for the businesses.
