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Blackstone to debut first hedge fund for mini-millionaires

Blackstone is launching its first hedge fund for affluent individuals like doctors, lawyers and other professionals with disposable income to invest.
Blackstone is launching its first hedge fund for affluent individuals like doctors, lawyers and other professionals with disposable income to invest.

US Treasury to consult insurance regulators amid private credit market jitters, sources say

US Treasury Secretary Scott Bessent said private credit has aided US economy but wants to prevent financial contagion.
US Treasury Secretary Scott Bessent said private credit has aided US economy but wants to prevent financial contagion.

DBS wins mandate in $1.3 billion IPO as it enters India’s booming share sale business

A DBS spokesperson said the bank now has a fully operational investment banking platform in India.
A DBS spokesperson said the bank now has a fully operational investment banking platform in India.

A tiny bank runs dry of borrowers as population shrinks in Japan

Now, even with the Bank of Japan raising interest rates, credit demand is too weak to prop up profits. 
Now, even with the Bank of Japan raising interest rates, credit demand is too weak to prop up profits. 

Talent fight intensifies in Hong Kong’s $1.3 trillion wealth hub

Global banks are aggressively expanding their headcount in Hong Kong.
Global banks are aggressively expanding their headcount in Hong Kong.

China to allow more banks to handle digital renminbi, sources say

A sign indicating digital yuan, also referred to as e-CNY, is pictured at a shopping mall in Shanghai, China.
A sign indicating digital yuan, also referred to as e-CNY, is pictured at a shopping mall in Shanghai, China.

JPMorgan shuts China tycoon’s account that made millions for bank: Sources

Shunning an investor with a disclosed large stake in a public company is an unusual move for a major private bank.
Shunning an investor with a disclosed large stake in a public company is an unusual move for a major private bank.

HSBC mulls over job cuts that could impact around 20,000 roles from AI-driven overhaul: Sources

Non-client facing roles in global service centres are among those expected to be most impacted although the assessment is at an early stage, according to sources.
Non-client facing roles in global service centres are among those expected to be most impacted although the assessment is at an early stage, according to sources.

Wealth bankers in Asia rush to calm growing private credit fears

Private bankers in Hong Kong and Singapore have been fielding urgent calls from their high net-worth clients, according to sources.
Private bankers in Hong Kong and Singapore have been fielding urgent calls from their high net-worth clients, according to sources.

UniCredit launches bid for Commerzbank shares, seeking to revive takeover talks 

UniCredit has met strong German opposition to a full takeover of Commerzbank following its initial investments.
UniCredit has met strong German opposition to a full takeover of Commerzbank following its initial investments.

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MDDI (P) 046/10/2025. Published by SPH Media Limited, Co. Regn. No.202120748H. Copyright © 2026 SPH Media Limited. All rights reserved.