Vanguard Group Inc., the US asset management giant, has decided to shutter its remaining business in China after a retreat two years ago, according to people familiar with the matter, abandoning a 27 trillion yuan ($3.9 trillion) fund market that global competitors are embracing.
Crypto exchanges are rushing to fill the void left by FTX, once one of the largest derivatives exchanges for digital assets, as the cash market faces declining volume and liquidity.
Ransomware gangs didn’t come out with any big new innovations last year, but “what 2022 lacked in innovation it made up for in volume,” according to a report by a financial services group.
Thanks to swift central bank action to stamp out financial sector troubles, the investment case for European bank shares could be set for a complete reset. One where bulls are back in charge.
Taiwan confirmed that President Tsai Ing-wen will transit through the US, with Biden administration officials warning Beijing not to overreact to the visit.
One of Credit Suisse Group AG’s biggest shareholder groups says the rushed merger of its bank with UBS Group AG over the weekend is an unprecedented breach of shareholder rights that may scare off institutional investors.
Chinese President Xi Jinping touted close ties with Russia on the second day of his state visit to Moscow Tuesday, inviting Vladimir Putin to make a return visit later this year.
Rent increases for US single-family homes eased for a ninth straight month in January, pushing the annual rate to the lowest since the spring of 2021, according to CoreLogic.
US officials are studying ways they might temporarily expand Federal Deposit Insurance Corp. coverage to all deposits, a move sought by a coalition of banks arguing that it’s needed to head off a potential financial crisis.
Japanese Prime Minister Fumio Kishida traveled to Ukraine for talks with President Volodymyr Zelenskiy, becoming the final Group of Seven leader to visit the country since Russia launched its invasion over a year ago.
