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The Chinese e-commerce raised $11.3 billion on its opening day of trading, which one analyst called "a boost to Hong Kong."
US equities are the best option for clients looking to profit from a US-China trade deal, managing director Silvia Ardagna told Bloomberg.
A source told Business Insider that the bank will focus on its home turf in the Asia-Pacific region.
Citi CEO Michael Corbat said Fraser's appointment would help ensure the bank succeeds in the "next decade and beyond."
Equity management firms face new competition as trading platforms cut commission fees and robo-advisors offer high-yield savings accounts.
The Swiss banking giant will combine operations, rebrand divisions, and appoint new executives, according to the Financial Times.
Deutsche Bank, Morgan Stanley, and other banking titans have faced pressures in several of their divisions.
"Treasury yields are climbing away from record lows on Friday...the movements in the bond markets are poised to remain on investors radars in the week ahead."
The Down plunged 800 points on Wednesday after investor fears of recession grew amid continued trade war uncertainty.
US stocks are rising ahead of the Fed’s first rate cut in a decade, even as Donald Trump fans trade-war fears
Trump's latest attack on China is "slaughtering hopes" for progress in US-China trade talks, one analyst said.