Hong Kong bankers worry that new laws could lead to capital flight – Reuters

Discover Thomson ReutersBy Sumeet Chatterjee, Scott Murdoch4 Min ReadHONG KONG, May 22 (Reuters) – China’s plans to impose national security legislation in Hong Kong are expected to lead to the flight of capital and talent from the Asian financial hub, bankers and headhunters said.The proposed legislation, which prompted concerns over freedoms in the semi-autonomous city, […]

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First Republic Bank’s stock falls nearly 50% after reporting an exodus of deposits – NBC News

ProfileSectionstvFeaturedMore From NBCFollow NBC NewsFirst Republic Bank’s stock nearly halved in value Tuesday, a day after it reported an exodus of deposits in the first quarter.Trading of First Republic shares was halted several times on the New York Stock Exchange on Tuesday. They ended the session at $8.10, down roughly 49%.First Republic, based in San […]

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