All articles by Amala Johney

Amala Johney

Evergrande: UBS exposure ‘immaterial’ while Credit Suisse face losses

The troubles at China’s Evergrande have clearly spurred tensions amongst a slew of global financial institutions and their investors. As…

HSBC, BlackRock raised holdings in China’s Evergrande despite crisis signs

Funds managed by HSBC and BlackRock reportedly increased their holdings in the crisis-struck Chinese developer Evergrande, despite concerns over its…

Schroders drops plans to buy M&G over cost concerns

Schroders has reportedly abandoned a plan to acquire investment manager M&G after evaluating the deal for months. Earlier this year,…

HSBC evaluating wealth management acquisitions in Asia as Q1 profit surge

HSBC is reportedly considering acquisition opportunities in Asian wealth management space as its first quarter earnings beat expectations. The British…

Credit Suisse plans to raise $1.9bn to contain Archegos losses

Credit Suisse is reportedly set to raise $1.9bn from investors as it looks to rebuild its balance sheet in the…

JPMorgan pledges to hire 300 Black and Latinx wealth advisers

JP Morgan Wealth Management has announced plans to hire 300 Black and Latinx advisers by 2025, as part of its…

Wells Fargo drops Abbot Downing brand; folds business into private bank

American banking group Wells Fargo is ditching the Abbot Downing brand and moving the business, which serves the ultra-rich, under…

Ascot Lloyd to advance acquisitions with backing from Ares Management

UK-based financial advisory firm Ascot Lloyd has secured investment from funds managed by the Credit Group of American alternative investment…

Ariel Investments partners JPMorgan to expand into private investment space

US-based funds management firm Ariel Investments has collaborated with JPMorgan Chase to launch a private asset management arm, dubbed Ariel…

Ares Management backs out of $4.9bn acquisition bid for Australia’s AMP

American private equity firm Ares Management has scrapped its $4.9bn buyout offer for Australian wealth manager AMP. AMP said that…