All articles by Kuldeep Jha
Kuldeep Jha
Gold overtakes US Treasuries as top global reserve asset
By the end of 2025, gold made up 27% of global central bank reserves, up from 20% a year earlier, while the share of US Treasuries fell to 22% from 25%.
Hong Kong weighing tax waiver on fund managers’ performance bonuses
At present, Hong Kong taxes such income at rates of up to 17%.
Hong Kong overtakes Switzerland as top cross-border wealth hub
Cross-border wealth booked in Hong Kong rose 10.7% last year to $2.9 trillion driven by inflows from mainland China, strong IPO activity and gains in equity markets.
JPMorgan could spend up to $20bn on acquisition, says Jamie Dimon
Dimon said: “I do think there might be, in the next couple years, a chance to put $10 or $20bn to work buying something.”
Lighter rules help US, UK banks add $1.3tn to balance sheets
In Europe, higher capital requirements for seven of the EU’s biggest banks are set to cut balance sheet capacity by €1.3tn.
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Asia set to take big share of Citi’s global wealth recruitment
In an interview with Reuters, Sieg said the bank’s newly announced hiring drive would be “anchored” in Asia, alongside other regions.
India’s 360 ONE Asset looking to raise $500m for new credit fund
The fund will target wealthy individuals and family offices in India, along with overseas institutional investors.
Morgan Stanley gives Hong Kong bankers restricted devices for China travel
Five people familiar with the matter told the FT the devices have “limited functionality”, with access only to “work emails and online meeting apps”.
Standard Chartered to cut over 15% of roles by 2030 as AI drive expands
Chief executive Bill Winters said the changes would be felt across the bank’s global network, including hubs in Bengaluru, Shenzhen and Warsaw.
Standard Chartered appoints new group CFO
Separately, the banking giant also appointed Tanuj Kapilashrami as group COO.