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China’s President Xi Jinping urged multinational CEOs to safeguard global trade and supply chains amid rising US tariffs, emphasizing the need for cooperation to stabilize the economy. The meeting, attended by around 40 executives, highlighted concerns over tightening regulations and foreign investment challenges in China. Xi noted the significant contributions of foreign enterprises to China's economy, while reiterating the mutually beneficial nature of China-US trade relations.
Indian B2B ecommerce firm Jumbotail has acquired Solv India, a venture incubated by SC Ventures, pending regulatory approvals. This merger aims to enhance Jumbotail's food and grocery ecommerce focus by integrating Solv India's offerings in apparel, home furnishings, footwear, and toys. Established in 2015, Jumbotail provides ecommerce solutions for small retailers, while Solv India, launched in 2019, specializes in digital commerce and supply chain finance for MSMEs.
The Bank of England has launched the 2025 Bank Capital Stress Test for the top seven UK banks and building societies, assessing their resilience against severe economic downturns, including a 5% fall in UK GDP and a peak Bank Rate of 8%. This test, which replaces the Annual Cyclical Scenario, will inform capital buffer settings and financial system risks, with results expected in Q4 2025. The exercise is part of a biennial stress-testing approach and aims to ensure banks can withstand significant financial shocks.
Morgan Stanley's recent report highlights strong net new money in HSBC HOLDINGS' wealth management sector, with optimism for defensive banks in Hong Kong and Singapore. CEO Georges Elhedery noted that corporate investment banking (CIB) is crucial for non-interest income, despite potential growth risks from policy uncertainty.
Lloyds' share price has surged 47% from its 12-month low, yet concerns about its valuation persist, with a price-to-earnings ratio of 10.8 compared to competitors' average of 8.9. Despite a projected 13% annual earnings growth through 2027, the bank's underlying profit fell 19% in 2024, raising questions about its future performance and dividend appeal.
The Bank of England has initiated the 2025 Bank Capital Stress Test, involving seven major banks that account for 75% of UK lending, to evaluate their resilience against severe economic downturns, including a 28% drop in property prices. This test, which replaces the Annual Cyclical Scenario, will assess the impact of simultaneous recessions, asset price declines, and increased misconduct costs. Results will inform capital buffer requirements and enhance risk management strategies within the banking sector, with findings expected later this year.
The Bank of England has initiated its 2025 bank capital stress test for the UK's seven largest banks and building societies, assessing their ability to withstand severe economic shocks. Results will be released in Q4 2025, evaluating resilience against deep recessions, asset price declines, and increased misconduct costs. The participating institutions, including Barclays and HSBC, account for 75% of lending to the real economy.
Citigroup plans to reduce its reliance on external IT contractors from 50% to 20%, focusing on building in-house capabilities. This strategic shift raises concerns for Indian IT firms like TCS, Wipro, and LTIMindtree, which have significant business ties with Citi. Experts suggest that while this may impact larger IT service providers, it could ultimately benefit India's core banking operations and expertise in the long run.
JPMorgan has upgraded its outlook for HSBC Holdings, predicting it will outperform Standard Chartered and other Hong Kong banks, while likely underperforming Chinese state-owned banks. The firm raised its forecasts for fee income and net profit for 2025-2027 by 2-4% and increased the target price from $108 to $115, maintaining an Overweight rating.
Former Navi executives Shobhit Agarwal and Apurv Anand are launching a new asset management venture focused on portfolio management services. The company is in the process of seeking regulatory approval from SEBI and discussions for seed funding are underway. Agarwal, who recently resigned after nearly seven years, and Anand, who left in August 2024, bring significant experience from their previous roles in fintech and startups.
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China's Xi urges CEOs to safeguard trade amid looming US tariffs
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13:01 28.03.2025
Jumbotail acquires Solv India to enhance B2B ecommerce offerings
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bank of england launches 2025 capital stress test for major lenders
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12:01 25.03.2025
Morgan Stanley highlights strong wealth management growth amid uncertain market outlook
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07:34 25.03.2025
Lloyds share price analysis is there still value after recent gains
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07:13 25.03.2025
bank of england conducts stress test on banking resilience to economic shocks
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06:00 25.03.2025
bank of england initiates 2025 capital stress test for major banks
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11:13 24.03.2025
citigroup shifts strategy to reduce reliance on external it contractors
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08:24 21.03.2025
JPMorgan raises HSBC target price amid mixed outlook for Hong Kong banks
07:09 21.03.2025
former fintech executives launch new asset management venture in india
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06:10 19.03.2025
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