Alfred Liu

Elliott ramps up pressure on Bank of East Asia in lawsuit

Billionaire Paul Singer’s Elliott Management escalated its battle against  Bank of East Asia Ltd., asking a Hong Kong court to declare that the bank acted improperly when issuing shares that diluted minority shareholders and allegedly entrenched management control. The petition alleges “unfairly prejudicial conduct” by directors and “serious corporate governance… Read more »

JPMorgan to open India branches as foreign banks pull back

JPMorgan Chase & Co. is opening three branches in India, expanding in the world’s second-most populous nation even as global competitors pull back.