Citigroup Inc.’s wealth arm has stopped accepting securities of Gautam Adani’s group of firms as collateral for margin loans as banks ramp up scrutiny of the Indian tycoon’s finances following allegations of fraud by short seller Hindenburg Research.
Posts published by “Denise Wee”
China’s private banks are poised to share a revenue pool of as much as 1.03 trillion yuan ($163 billion) by 2030 as a drive for common prosperity and the upheaval of the pandemic has fueled an appetite for wealth preservation among the nation’s wealthy, accor…