* Ant's IPO set to be the world's biggest
NEW YORK/HONG KONG Large Wall Street banks have been running "war game" drills in their trading businesses and preparing clients for unexpected scenarios around the U.S. election next week, hoping to avoid liquidity crunches or technical errors as markets react to news of who will be running the White House and Congress, industry sources said.
HONG KONG/Zurich Swiss private bank Julius Baer Gruppe AG plans to set up business in China in partnership with a local financial firm as part of its strategy to boost growth in Asia, people with direct knowledge of the matter told Reuters.
HONG KONG/LONDON Standard Chartered posted a smaller-than-expected 40% slide in third-quarter profit as it lowered loan loss expectations linked to the coronavirus pandemic, but warned it would take longer to hit a key profitability target.
HONG KONG/LONDON HSBC Holdings PLC on Tuesday signalled it would embark on a pandemic-induced overhaul of its business model, seeking to flip its main source of income from interest rate to fee-based businesses. | Video
Hongkong/London Europas größte Bank HSBC verschärft nach einem Gewinneinbruch ihren Sparkurs und baut ihr Geschäftsmodell um.
HONG KONG/NEW YORK, Sept 22 Asian shares were
broadly weaker Tuesday as possible delays in expanded U.S.
stimulus and concerns about fresh pandemic lockdowns in Europe
dented the recent positive sentiment towards global equity