Global stocks were on track for their biggest weekly decline in two months as investors adjusted to the possibility of a slower pace of interest-rate cuts by the Federal Reserve. Stronger-than-expected economic data and hawkish comments from Fed officials, including Chair Jerome Powell, contributed to the market’s recalibration.
StanC keen to break with local banks, play wealth manager
As the global head of wealth and retail banking, Hsu oversees assets of $367 billion which grew 35% year-on-year in 2024, according to a presentation