Sanford C. Bernstein & Co.

Banking & finance

DBS has enough to fund $2.7 bil bid for Citi India unit: Sanford C. Bernstein & Co

A takeover of Citi’s India unit would be DBS’s largest acquisition since 2001.

Global stocks

Momentum investing looks doomed for Asia stocks, says Bernstein

So-called momentum trading will likely underperform regardless of the direction of markets or volatility, the brokerage says.

China Focus

Tens of thousands of jobs go as China’s biggest banks cut costs

SHANGHAI (Sept 7): China’s four biggest banks reported that staff numbers fell by the most in at least six years in the first half, highlighting the possibility that employment has peaked at the firms that are the world’s biggest providers of banking
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