Wealths

For the world’s super rich, litigation funding is the new black

We believe there is a large amount of capital looking to enter this market, says analyst
Sydney • When shares of AMP Ltd plunged earlier this year ...

Asia’s richest banker may acquire rivals after RBI’s rebuff

Mumbai • A rebuff from the regulator may set Asia’s richest banker Uday Kotak (picture) on a US$17 billion (RM69.7 billion) acquisition trail, as he seeks ...

World’s top activist fund eyes Singapore bank

Singapore • The world’s best- performing activist fund returned 103% in seven months by targeting mainly smaller Asian companies in industries from ...

Credit Suisse gives investors reason to stay on revenue gain

The firm has slashed expenses and cut thousands of jobs, with Thiam saying it will return cash to shareholders once the turnaround is complete
Zurich ...

StanChart’s surging costs hinder profit growth

London • Standard Chartered plc (StanChart) CEO Bill Winters is struggling to contain rising costs at the emerging markets (EMs) lender, which are ...

Outflows rock fund managers as Europe’s US$1t dream fades

London • Asset managers across Europe have long had their work cut out, with margins being squeezed and regulations pushing up costs. Now, add this to ...

Kuwait bank seeks talks to create Islamic lender with RM371.7b in assets

Lower oil prices over the past 4 years are forcing Gulf lenders to unite for scale and to better compete in a crowded market
Dubai • Kuwait Finance ...

Jeff Bezos becomes the richest man in modern history, topping RM606b

New York • Jeff Bezos is the richest person in modern history.
The Amazon.com Inc founder’s net worth cracked US$150 billion (RM606 billion) in New ...

Bonuses soar for Australia CEOs as workers struggle for pay

Sydney • Surging bonus payments have pushed pay for Australia’s CEOs to a record high, at the same time stagnant wage growth prevents the bulk of the ...

Temasek expands US footprint with a wary eye

New York • Temasek Holdings Pte Ltd is developing an American accent. The Singaporean state investor, whose S$308 billion (RM913.04 billion) portfolio ...

Sorrell wins support of hedge fund Odey

Odey’s financial support for Sorrell is contingent on an acquisition that’s in the works
London • Martin Sorrell (picture) has won financial backing ...

Deutsche Bank fight to collect RM1.3b from Vik drags on

London • Deutsche Bank AG has been trying to collect hundreds of millions from Norwegian billionaire Alexander Vik since he lost an US$8 billion (RM32.4 ...