Denise Wee

Standard Chartered Plc vowed to return at least $8 billion to investors by 2026 as it reported better-than-estimated third-quarter results despite falling global interest rates.

(Bloomberg) -- Standard Chartered Plc unveiled plans to return at least $8 billion to investors in the coming years as it reported better-than-estimated third-quarter earnings from its wealth and trading businesses.

Apollo Global Management Inc. is looking to boost hiring in the Asia Pacific region as it seeks to grow assets from wealthy clients.

The global head of Standard Chartered Plc’s mergers and acquisitions advisory is leaving after more than a decade with the lender.

Wealth managers are ramping up hiring in Hong Kong to cater to an inflow of mainland Chinese money.

Hong Kong banks are hoarding cash and liquidity despite calls by the government to help out struggling small businesses with funding to reignite the city’s ailing economy.

Goldman Sachs Group Inc. and clients are in a waiting mode to see if Chinese authorities push out major stimulus measures to revive the economy after seeing some momentum in the second half of last year, according to Kevin Sneader, president of Asia-Pacific ex-Japan at the bank.

HSBC Holdings Plc is set to buck an industrywide trend of higher banker bonuses as it gears up for a multibillion-dollar cost reduction from an ongoing restructuring.

Goldman Sachs Group Inc.’s revenue from its Asia-Pacific wealth unit hit a record last year as ultra rich clients turned to the bank to navigate volatile markets and political tension, according to a regional executive.

Total wealth management client assets stood at around $1.6 trillion at year-end.