HSBC splits asset management

HSBC is splitting its asset management business between core and specialist investment arms.

The specialist investment business, as yet unamed, will focus on Asian equities, emerging markets, fixed income, European equities and alternative investments. HSBC hopes this will be running early next year.

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JPMorgan to Pay $330 Million Over 1MDB TransactionsExternal link

JPMorgan to Pay $330 Million Over 1MDB Transactions