The bank’s US arm was hit by a ransomware attack that disrupted trades in the US Treasury market last Thursday.
FINANCE
Bank of America’s Top China FIG Banker Hsueh Is Said to Depart
Bank of America Corp.’s head of investment banking for its financial institutions group in greater China, Michael Hsueh, has left the US lender, according to people familiar with the matter.
Alibaba and JD’s decision to withhold Singles Day data punctures last chance to see a China consumption revival this year
A postman sorts parcels at the Postal Express logistics business department in Lianyungang, Jiangsu province, China on Nov. 12, 2023. Chinese postal companies handled 600 million packages on Singles …
China Oct new bank loans fall to 738.4 bln yuan, beat forecasts
BEIJING, Nov 13 (Reuters) – Chinese banks extended 738.4 billion … Broad M2 money supply grew 10.3% from a year earlier, central bank data showed on Monday, in line with analyst forecasts in the …
Senators propose China disclosure rule for private equity
Private equity and venture capital funds could be facing more regulations on their investments into China, due to a new bill introduced by Sens. Bob Casey (D-Pa.) and Rick Scott (R-Fla.). Why it …
This year’s Biden-Xi summit has better foundation but South China Sea and Taiwan risks won’t go away
The course of events in the year since the last meeting between Presidents Joe Biden and Xi Jinping offers cautious hope that they will have better luck this time around.
China Oct new bank loans fall sharply, above forecast
New bank lending in China fell less than expected in October from the previous month, even after policymakers ramped up measures including cutting banks’ reserve requirement ratios to get the shaky …
China Injects $130 Billion Into Financial System As Year-End Liquidity Crunch Looms
China is set to bolster its financial system with a hefty infusion of funds this week, amid concerns over a looming year-end liquidity squeeze. The Peoples Bank of China (PBOC) is expected to offer …
China Set to Add Liquidity Support to Stave Off Cash Squeeze
China will probably add more cash into the financial system this week as the largest amount of policy loan in a year come due. Some market watchers also expect a near-term reduction in banks’ reserve…
Marketmind: China news flow turns into torrent
Asian markets should get the week off to a blistering start on Monday, propelled higher by Wall Street’s powerful rally on Friday that saw the Nasdaq rise more than 2% for its best day since…
China’s Singles Day festival wraps up with $156B in estimated sales, Alibaba and JD.com reporting growth amid low expectations
Workers at an e-commerce logistics industrial park sort parcels during the Singles Day event in Lianyungang, China this week. Costfoto/NurPhoto via Getty Images China’s largest e-commerce player Alibaba Group said it recorded year-on-year growth over…
China’s Middle East Clout Has Limits
Asian country’s economic influence won’t grow endlessly as its overseas-investment and energy-demand growth slow down.
China’s top financial regulator stresses bottom line of no systemic financial risks to be held after key meeting
The National Financial Regulatory Administration (NFRA) stressed on Saturday that it will comprehensively strengthen financial regulations and effectively forestall and defuse financial risks, with …
