China’s Property Crisis Is Rippling Through Its Biggest Banks
China’s protracted property downturn is eroding the balance sheets of the nation’s largest state banks as their bad loans creep up.
China’s protracted property downturn is eroding the balance sheets of the nation’s largest state banks as their bad loans creep up.
UBS Group AG cut its bonus pool for last year by 14% after a tougher year for deal-makers and traders, as the Swiss bank increases its cost-saving targets amid the integration of Credit Suisse.
Treasuries slipped as a Federal Reserve official emphasized that recent US economic data might delay the number of interest-rate cuts seen this year.
Bain Capital is considering bringing fresh backers into Chindata Group Holdings Ltd., people familiar with the matter said, allowing it to raise cash and keep expanding the data-center company.
A significant portion of Europe will experience warmer-than-normal temperatures in April, continuing a trend that’s seen nine straight months of record highs trigger alarms about climate change.
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