commercial banking – Charm

Warren Buffett reaffirms his preference for stocks over cash

Berkshire Hathaway Chairman and CEO Warren Buffett, center, is driven to the morning session during a July 2023 conference in Sun Valley, Idaho.David Paul Morris/Bloomberg As questions continue to swirl about Warren Buffett’s recent preference for cash, Berkshire Hathaway’s chairman and CEO says he’s not giving up on stocks. “Despite what some commentators currently view…

Citigroup boosts Hong Kong team to support mainland Chinese companies’ global expansion

Cs news10 months ago08 mins

Citigroup’s commercial banking arm will make strategic hires in Hong Kong under a newly introduced team structure, capitalising on mainland Chinese companies’ growing overseas expansion plans and foreign firms’ push in China, according to a top executive. The US bank is hiring selectively, especially for advisory services, while grooming its existing bankers to specialise and…