(Bloomberg) Singapore should be the obvious winner from the gradual demise of Hong Kong as Asia’s top finance hub. It’s not quite working out that way so far.
Credit Suisse Group is looking for a new chief executive officer to run its U.S. holding company as the Swiss bank seeks to build out its business in the country following a series of setbacks.
Axis Bank Ltd. is nearing a deal to buy Citigroup Inc.’s India retail banking business in a transaction that could be valued at about Rs 18,891 crore ($2.5 billion), people familiar with the matter said.