Barclays to hire 100 staff in private banking push

By Lawrence White LONDON, May 22 : Barclays will hire 100 new staff in its private bank as it launches its second attempt in the last seven years to win more business from wealthy clients, a source with direct knowledge of the plans told Reuters. The hires will be a mixture of relationship managers – […]

SoftBank boss follows Trump to Saudi to launch $100 bln fund

By Makiko Yamazaki TOKYO, May 19 : Some six months after his visit to Donald Trump’s Manhattan mansion cheered investors, Masayoshi Son, Japan’s richest man, is set to follow his friend to Saudi Arabia as the new U.S. president makes his first overseas trip since taking office. Son, head of Japan’s SoftBank Group Corp, travels […]

US Treasury’s Mnuchin: ‘We do not support breaking up banks’

By Pete Schroeder WASHINGTON, May 19 : US Treasury Secretary Steven Mnuchin told lawmakers on Thursday that the Trump administration does not support separating investment and commercial banks. The administration has previously expressed support for some return of the Glass-Steagall Act, which established a firewall between investment and commercial banking. But Mnuchin was explicit before […]

Regulators ask Deutsche Bank for Brexit trading rethink – source

By John O’Donnell FRANKFURT, May 18 : European supervisors want Deutsche Bank to prepare a fallback plan to lay out how it could shift the clearing of trades from London, one person with direct knowledge of the matter said, as the region seeks to guard itself against a possible hard Brexit. The European Central Bank, […]

China pledges $124 bln for new Silk Road, says open to everyone

By Brenda Goh and Yawen Chen BEIJING, May 14 : Chinese President Xi Jinping pledged $124 billion on Sunday for his ambitious new Silk Road plan, saying everyone was welcome to join what he envisioned would be a path for peace and prosperity for the world. China has touted what it formally calls the Belt […]