Regulators should take bolder steps to expand the Wealth Management Connect scheme and encourage more investments in Hong Kong products by mainland China-based investors, according to a finance lobby group. The government’s recent adjustments are “steps in the right direction”, but further relaxations are needed, as the support provided now is “not significant” enough to…
/cloudfront-us-east-2.images.arcpublishing.com/reuters/PJ73PTEPNFOV5HR7MHPVF5JJYI.jpg "Mediobanca says no wealth management deal in sight as profit beats consensus")
A logo of Mediobanca is pictured at Mediobanca headquarters in Milan, Italy, November 12, 2019. REUTERS/Flavio Lo Scalzo Register now for FREE unlimited access to Reuters.com Register MILAN, May 11 (Reuters) – Mediobanca (MDBI.MI) on Wednesday ruled out the prospect of a wealth management acquisition in the immediate future, after reporting higher than expected quarterly…
/cloudfront-us-east-2.images.arcpublishing.com/reuters/O5XSUGS2SFOSRG5NOWI3ZOLLUY.jpg "Credit Suisse poised to revamp senior management, NZZ am Sonntag reports")
The logo of Swiss bank Credit Suisse is seen at an office building in Zurich, Switzerland February 21, 2022. REUTERS/Arnd Wiegmann/File Photo Register now for FREE unlimited access to Reuters.com Register ZURICH, April 24 (Reuters) – Loss-making Credit Suisse (CSGN.S) could shake up senior management as new Chairman Axel Lehmann seeks to put the embattled…