China to start bank recapitalisation with at least 400 billion yuan

China to start bank recapitalisation with at least 400 billion yuan

CHINA plans to start re-capitalising several of its biggest banks in coming months, according to people familiar with the matter, following through on a broad stimulus package unveiled last year to shore up the struggling economy. Authorities are looking to inject at least 400 billion yuan (S$73.7 billion) of fresh capital into the first batch…

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Return to Sender: Mail Mistakes and How to Fix Them

Return to Sender: Mail Mistakes and How to Fix Them

Ever sent a letter or package only to have it come back marked “Return to Sender”? It’s frustrating, right? Whether it’s a wrong address, an unclaimed package, or something else entirely, mail returns can be a real headache. But don’t worry, this guide breaks down everything you need to know about why this happens and…

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HSBC names Asia country, banking heads in CEO’s major revamp

HSBC names Asia country, banking heads in CEO’s major revamp

HSBC Holdings gave country heads in some smaller Asian markets additional responsibilities as the lender streamlines and removes management layers. Peter Kim was appointed head of banking on top of his chief executive officer role in Korea, effective Mar 1, while Tim Evans will fill the same double role in Vietnam, according to an internal…

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EY Australia to consider ‘targeted restructuring’ as difficult operating conditions persist

EY Australia to consider ‘targeted restructuring’ as difficult operating conditions persist

EY AUSTRALIA is considering cutting jobs as part of “workforce adjustments” to reflect challenging market conditions, with some targeted restructuring possible for “particular circumstances” in the near term, the accounting major said on Wednesday. In an emailed response to Reuters, a spokesperson for EY Australia said the firm “started this year expecting a market rebound…

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