Some of China’s largest banks are offering a lower interest rate on long-term deposits compared with short-term as a dearth of quality lending opportunities points to a sustained slowdown in the engine of global economic growth. China’s top four state lenders, led by the Industrial and Commercial Bank of China, […]
slowdown
Investment banking slowdown sparks fears of Wall Street belt-tightening
Disappointing earnings reports from JPMorgan Chase and Morgan Stanley have set the stage for a tense summer on Wall Street as bank executives grapple with whether to reduce staffing levels. A decline in investment banking fees had always been expected this year after a record haul in 2021, but bankers […]