Close Brothers Group, a UK-based merchant bank, has recently signed an agreement to sell its wealth management division, Close Brothers Asset Management (CBAM), to funds managed by Oaktree Capital Management. The transaction is valued up to £200 million and signifies a notable strategic shift for
On Thursday, the share price of Commercial International Bank (Egypt) S.A.E. (LON:CBKD) witnessed a slight dip, declining by 0.6% to close at GBX 1.68 ($0.02) after trading as low as GBX 1.68 during the session. This decline marks a minor decrease from the previous session's closing price of GBX
The world stands at a critical juncture, with the necessity to mitigate climate change at odds with the ongoing financing of fossil fuels by global banks. Despite international agreements and a growing consensus on the imperative to phase out fossil fuel financing, many financial institutions
In the evolving landscape of wealth management in Asia, High-Net-Worth (HNW) and Ultra-High-Net-Worth (UHNW) clients face the critical task of discerning whether their investment advisors are truly independent or merely pushing proprietary products. As the wealth management industry transforms,
The U.S. Federal Reserve (the Fed) plays a crucial role in shaping the nation's economic conditions, including the landscape for mortgage rates and borrowing costs. Through its monetary policy actions, the Fed influences various facets of the economy, which in turn affect the interest rates on
The most recent data from S&P Global Market Intelligence has spotlighted a significant trend in the U.S. banking sector: a notable rise in high-volatility commercial real estate (HVCRE) loans. This development brings into focus the dichotomy of market confidence versus the possible hidden risks
