Jack Mae laid siege Ant Group Co. is planning to fold its financial operations into a holding company, which, according to people familiar with the situation, could regulate its bank more like a single bank while developing more profitable units. Fintech Giant plans to move any unit that needs a …
Read More »China ordered Ant to return to its origins in payment services
Healthy L Street sees a bright side in the ‘healthy’ tech selfoff
NEW YORK (Reuters) – Some of Wall Street’s biggest players are looking at the stock market’s recent tech-led selloff as a means of instability rather than a long slide – and they don’t see it as a reason to run. The door. File photo: February 10, 2009, A street sign …
Read More »China approves joint venture of BlackRock, Temasek and CCB
FILE PHOTO: A sign for BlackRock Inc hangs above his building in New York US, July 16, 2018. REUTERS / Lucas Jackson BEIJING (Reuters) – China has approved a joint wealth management venture between US asset manager BlackRock Inc (BLK.N), Singapore investor Temasek Holdings (Pte) Ltd and China Construction Bank …
Read More »Large U.S. companies form group to encourage minority hiring in New York
PHOTO PHOTO: Jamie Dimon, Chairman and CEO of JP Morgan Chase & Co., Speaking at the Bloomberg Global Business Forum in New York City, New York, USA, September 25, 2019. REUTERS / Shannon Stapleton (Reuters) – Leaders of major U.S. corporations, including banks and tech giants, have formed a group …
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