Funding & Business
Jefferies Is Said to Tap JPMorgan’s Melly as APAC Head of Financial Institutions Group
Jefferies Financial Group Inc. has hired Michael Melly from JPMorgan Chase & Co. as Asia-Pacific head of its financial institutions group investment banking franchise, according to people familiar with the matter.
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Hang Seng Bank Ltd. is seeking to sell a property-backed loan portfolio worth at least $1 billion, according to people familiar with the matter, as it looks to unload bad debt that’s piled up during the city’s commercial real estate slump.
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Qatar’s $524 billion sovereign wealth fund is nearing a deal to buy a minority stake in Canada’s Ivanhoe Mines Ltd., according to people familiar with the matter.
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Anna Edwards, Guy Johnson, Valerie Tytel and Mark Cudmore break down today’s key themes for analysts and investors on “Bloomberg: The Opening Trade.” (Source: Bloomberg)
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