Real Estate

Hong Kong Monetary Authority asks banks to exercise caution when offering property loans for speculative ‘confirmor sales’

A confirmor sale occurs when a purchaser or confirmor enters into an agreement for the sale and purchase of a property with the owner or vendor, but before completion sub-sells the property to a sub-purchaser. A few such transactions have...

Banking

Transactions: JPM subsidiary buys LayerOne Financial

JPMorgan subsidiary Neovest Holdings has acquired investment management company LayerOne Financial for an undisclosed sum.  Neovest, a fintech for brokers and dealers, will now be able to help clients monitor portfolios, conduct risk assessments and send orders to their brokers,...

Banking

JPM subsidiary buys LayerOne Financial

JPMorgan subsidiary Neovest Holdings has acquired investment management company LayerOne Financial for an undisclosed sum.  Neovest, a fintech for brokers and dealers, will now be able to help clients monitor portfolios, conduct risk assessments and send orders to their brokers,...

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