Cainiao Network Technology Co., the logistics arm of Alibaba Group Holding Ltd., has started preparations with banks for its Hong Kong initial public offering, people familiar with the matter said, paving way to be the first of the Chinese tech firm’s six business units to go public. Banks including China International Capital Corp. and Citigroup […]
Fees collected by investment bankers in 2022 from activities related to the equity capital market has more than halved from the previous year amid a decline in public share sales. Fees for ECM underwriting stood at $203.1 million, down 54% from a year ago, data from Refinitiv, a financial markets data tracker, showed. Forty companies […]
Shares of U.S. banks are taking a beating in December, as worries over an expected recession and weakening profit margins dull the industry’s appeal.The S&P 500 banks index has slumped some 11% this month against a 5.5% drop for the broader index in the same period. Among the hardest hit were shares of Bank of […]
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