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Odds shift for global banks' Asia wealth bets in China's slower-growth reality

By Selena Li and Anshuman Daga HONG KONG/SINGAPORE, April 29 (Reuters) - Wealth managers at the big global banks are tempering their expectations for Asia, their fastest growing market, after China's regulatory crackdown and COVID-driven slowdown helped to push clients to the sidelines, bankers and analysts said. Some wealth managers have cut the c
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Credit Suisse to rely on existing capital as further loss triggers reshuffle

* First-quarter net revenue down 42% * Wealth management and investment bank behind decline * Bank adds $725 mln to legal provisions, leading to loss * Core capital ratio weakens to 13.8% from 14.4% * Bank has no plans for capital increase - source (Recasts with new comments) By Brenna Hughes Neghaiwi ZURICH, April 27 (Reuters) - Credit Suisse plan
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European shares close down, Wall Street falls on earnings anxiety

(New throughout with updated comment, prices) * Nasdaq drops 3% as investors await earnings * World, European shares give back earlier gains * China stocks fall further as Beijing races to battle COVID * Dollar hits fresh 2-year peak on China COVID fears, Fed bets * Graphic: Global asset performance Link * Graphic: World FX rates Link By Chris Pren
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Shares fragile, dollar soars on growth scare and Fed bets

* World shares steady, earnings prop up Europe, U.S futures dip * China stocks fall further as Beijing races to battle COVID * Dollar hits fresh 2-year peak on China COVID fears, Fed bets * Yuan above 1-year low after PBOC cuts FX reserve ratio * Graphic: Global asset performance Link * Graphic: World FX rates Link By Danilo Masoni MILAN, April 26
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Ease rules to make London more competitive, industry officials say

By Huw Jones and Carolyn Cohn LONDON, April 26 (Reuters) - Rules are becoming more flexible for financial firms after Brexit but more needs to be done to cut red tape and keep London globally competitive, senior industry officials said on Tuesday. Following its departure from the European Union, Britain faces industry and lawmaker calls to ease som
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