Posts by Liam Redmond
HSBC’s Swiss private bank boosts some bankers pay to stem exits
The Swiss arm has been increasing compensation of staff, including relationship managers [LONDON] HSBC Holdings’ Swiss private bank is boosting the pay of some of its staff as it looks to ward off exits, according to people familiar with the matter. The Swiss arm has been increasing compensation of staff, including relationship managers, according to…
Read MoreTennessee Democratic candidate caught saying she ‘hates’ Nashville, country music in resurfaced clip
Democratic congressional hopeful Aftyn Behn did not hold back when describing how she really feels about Nashville — the city she’s now running to represent — in a 2020 podcast that’s resurfaced just days before the Dec. 2 special election. “I hate the city, I hate the bachelorettes, I hate the pedal taverns, I hate country…
Read MoreForeigners buy most Philippine stocks in two years on BSP Bets
The buying has helped lift the nation’s benchmark index this week, set to close about 7% higher [MANILA] Global investors snapped up the most Philippine shares in more than two years on expectations the central bank will cut interest rates next month to bolster economic growth. Offshore traders bought a net US$125.6 million of equities…
Read MoreKnicks have a better team this year than last year, according to Rick Pitino
Rick Pitino has some high praise for the Knicks this season. During an appearance on the “Roommates Show” — a podcast hosted by Jalen Brunson and Josh Hart — on Thursday, the St. John’s head coach said the Knicks are “much better” than they were last season. “I really think that you guys have the…
Read MoreColiwoo enters joint venture to acquire 1 King George’s Avenue property for S$40 million
The REHAU Building will undergo conversion works to transform it into a co-living space [SINGAPORE] Coliwoo Holdings has entered into a 50:50 joint venture (JV) with Macritchie Developments to acquire a freehold commercial property at 1 King George’s Avenue for S$40 million, with plans to convert the site into a co-living asset. The property, known…
Read MoreEthan Hawke gets candid about the ‘difficulty of staying married’ after Uma Thurman divorce
Ethan Hawke candidly shared his thoughts on the “hard” part of divorce years after his 2005 split from Uma Thurman. “The public eye is like gasoline, but what makes divorce hard is the stuff that makes it hard for everyone — the family elements, how to help the kids through it,” Hawke told the Los…
Read MoreGenerosity Beats Transactions In Building Community
Community isn’t built on scorecards. It’s built on showing up. My take is simple: give without keeping tabs, and you’ll create a network that lasts. I’ve seen the stop-and-go nature of careers. Some seasons lift you up. Others humble you. The people who win over time are the ones who stick around for each other.…
Read MoreVance explains story behind viral photos of Schumer, Jeffries at White House meeting
Vice President JD Vance dished about the story behind viral photos of Senate Minority Leader Chuck Schumer (D-NY) and House Minority Leader Hakeem Jeffries (D-NY) visit to the White House to discuss the looming government shutdown and Affordable Care Act subsidies. Vance recounted how the “crazy” incident all got started when President Trump whispered to…
Read MoreHSBC overhauls trading business in bid to become debt powerhouse
The firm will merge Group-of-10 rates trading unit with FX, EM rates and commodities desks into a new global macro division [LONDON] HSBC Holdings is restructuring its trading division as part of chief executive officer Georges Elhedery’s push to make the lender a powerhouse in the debt financing business. The firm’s Group-of-10 rates trading unit…
Read MoreUS: Wall Street opens sharply higher after Nvidia earnings, jobs data
[NEW YORK] Wall Street’s main indexes jumped at the open on Thursday (Nov 20) as technology stocks received a boost after Nvidia’s stellar results quelled some concerns around an AI bubble, while a firm September jobs report showed signs of a resilient economy. The Dow Jones Industrial Average rose 428.7 points, or 0.93 per cent,…
Read MoreGOP assemblyman launches bid for congressional district being vacated by Elise Stefanik
ALBANY — Retired Marine Colonel and upstate Republican Assemblyman Robert Smullen (R-Fulton) is launching a bid for New York’s 21st Congressional District. Smullen, who has represented his upstate Assembly district since 2019, is looking to succeed Rep. Elise Stefanik (R-NY), who cannot stand for reelection as she runs for governor. “As a Marine and a public…
Read MoreIs there an AI bubble and has it started to burst?
The artificial intelligence boom seems unstoppable, but a growing number of investors and other observers worry it could be a bubble about to burst. After skyrocketing more than 50% from April lows, the tech-heavy Nasdaq composite experienced a decline of close to 5% this month. Investors are concerned it could take longer than expected to…
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