Never mind the Bitcoin craze. Gold and silver coins starring Russian czars, Chinese leaders and Roman emperors are igniting bidding wars as numismatic buffs compete with investors and wealthy collectors from emerging economies for the tiny relics.
Australia & New Zealand Banking Group Ltd. is preparing to cut as many as 900 jobs, according to a union that represents bank workers, as the lender trims costs in an economy where demand for mortgages has slumped to the weakest pace in three decades.
When orders to sell stocks were matched at pennies a share as markets plunged on May 6, they weren’t being executed on dark pools, executives from three of the private trading venues said at a conference today.
As Hong Kong establishes itself as a hub for offshore trade and investment in China’s currency, the city’s family-owned banks can be acquired at some of the lowest valuations since the global financial crisis.
Australia & New Zealand Banking Group Ltd., the Australian lender expanding in Asia, is considering bidding for the controlling stake in Korea Exchange Bank that’s being sold by Lone Star Funds, a person with knowledge of the plan said.