Bidders line up for HSBC’s German fund administration and custody units, sources say

State Street (STT.N), BNP Paribas (BNPP.PA),  and Caceis are lining up as potential bidders for the sale of HSBC Germany’s fund administration unit INKA and custody business, three sources familiar with the matter told Reuters. The process is due to launch in the next couple of weeks, as soon as HSBC decides with its advisers whether to […]

China asks Visa, Mastercard to cut card fees, Bloomberg News reports

China is pushing for Visa (V.N), and Mastercard (MA.N),  to lower their bank card transaction fees in the country to encourage spending by foreign visitors, Bloomberg News reported, on Friday, citing a person familiar with the matter. The Payment & Clearing Association of China is proposing lowering the fees charged on foreign card transactions to 1.5% from between […]

SEC Chair Gary Gensler signals that disclosure will be a key issue in the year ahead

The annual two-day “SEC Speaks” event kicked off Tuesday, offering clues to what the priorities will be for the Securities and Exchange Commission in the coming year. Sponsored by the Practising Law Institute, it is a forum where the SEC provides guidance to the legal community on rules, regulations, enforcement actions and lawsuits. The event […]