Mellon Financial Corporation, the fifth-largest custody bank in China, plans to buy a stake in Dongwu Asset Management, a Chinese fund manager.

Bloomberg reports the size of the stake to be sold has not yet been finalised. Mellon is performing due diligence now.

Renée Schultes

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Coutts hires ex-JPMorgan banker James Todd as next private client boss

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Todd replaces Camilla Stowell who left the NatWest-owned wealth in January

Senior GIC private equity lawyer joins Dechert in London

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US law firm hires private equity specialist from key client

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The largest U.S. crypto exchange’s revenue fell short of Wall Street expectations.

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The appointment rewards the executive who led the bank back from a scandal involving the creation of millions of fake customer accounts.

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Microsoft joined Nvidia in the $4 trillion market-cap club, while Meta is closing in on the $2 trillion mark.

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The New York investment firm posted a profit of $472.4 million, compared with $667.9 million a year earlier.

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America’s most powerful banker and the president have met twice in the past two months to talk about the economy, interest rates and trade.

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The London-based bank said it is well on its way to achieving the target of returning at least $8 billion to shareholders over the three years ending in 2026.

Standard Chartered Quarterly Profit Jumps, Announces $1.3 Billion Buyback

Britain’s Lottie Woad became one of the top players in the world by demolishing professionals while she was still an amateur. Now, she’s ready to start winning majors.

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Individual investors are trading with abandon, driving up prices of everything from stocks to crypto—and turbocharging the brokerage business.

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Work-to-party founder Adam Neumann liked to say he ran a tech company. WeWork’s new, postbankruptcy marketing chief is tasked with positioning the brand as an old-fashioned office space provider.

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Companies have long leaned on entry-level workers to do grunt work that doubles as on-the-job training. Now ChatGPT and other bots can do many of those chores.

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The shooter who killed four including Blackstone executive and NYPD officer left suicide note indicating he believed he had CTE from brain trauma, Adams says

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Homegrown names such as Laopu, Mao Geping and Songmont are winning over customers who are losing their taste for high-end Western brands.

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The pact imposes a baseline tariff of 15% on the U.S.’s biggest trading partner.

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Bosses aren’t just unapologetic about staff cuts. Many are touting shrinking head counts as accomplishments in the AI era.

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Many in the Gen Z generation missed out on critical experiences during the pandemic. Bosses should be filling in those gaps.

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The lender forecast total income excluding notable items to exceed $21.61 billion as loan growth and structural hedges continue to mitigate the impact of interest-rate cuts.

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The president turned a rare visit to the U.S. central bank into political theater that included hard hats and a back slap.

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Company points out early progress on robotaxis and bots, as revenue from electric vehicles plummets.

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The leaders of America’s chip giants cheered the president’s artificial intelligence orders, which could help boost the domestic semiconductor industry.

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The Davos founder rejected preliminary findings of misconduct, including improper travel expenses and gifts.

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CME Group’s second-quarter earnings and revenue rose sharply as the derivatives-exchange operator benefited from a surge in trading activity due to market volatility.

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The Italian bank lifted earnings and shareholder-distributions guidance after reporting better-than-expected profit, looking to turn the page on its aborted takeover bid for its smaller peer.

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The Wall Street firm is being investigated over whether it properly vetted its clients for money-laundering risks.

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When team leaders provide their opinions first, it can discourage lower-level employees from providing dissenting views or alternative ideas.

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U.S. stock futures pointed to a flat open after a mixed session on Wall Street Monday, while international equity markets were also mixed so far Tuesday as earnings season sweeps into full gear.

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The lender reported a sharp decline in net profit due to a one-off hit related to the sale of its Brazilian subsidiary and an increase in loan loss allowances.

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It issued an alert about “active attacks” targeting its server software and urged customers to install new security updates that have been released.

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The biopharmaceutical company said the investment includes plans for a new manufacturing center focused on chronic diseases.

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SS&C Technologies Holdings has struck a deal to buy funds network operator Calastone from private-equity firm Carlyle Group for roughly $1 billion.

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Consumers are spending again after the spring’s tariff chill. But some expect growth to be slow.

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The European Union still wants a deal, but with U.S. demands growing, the bloc is getting ready to push back.

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