Saeed Azhar

New York

U.S. Banking Correspondent at Reuters

U.S. banking correspondent for Reuters, covering some of Wall Street's biggest banks.

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Articles

Companies turn to private credit during tariff turmoil for loans | Reuters

1 week ago | reuters.com | Nupur Anand |Saeed Azhar

Tariff uncertainty and market volatility have sent some companies looking for a flexible, more certain route to funding from private credit firms, resulting in the spurning of traditional lenders in some cases.
HSBC to close its US business banking unit to simplify operations

1 week ago | today.westlaw.com | Saeed Azhar |Cynthia Osterman |Jaiveer Shekhawat

(Reuters) -HSBC is exiting its business banking portfolio in the United States, as it continued to simplify operations and shift its focus to Asia and Middle East markets. "Following a strategic review of our business, we have decided to exit our...
Ex-Goldman banker Leissner sentenced to two years in prison in 1MDB case

1 week ago | aol.com | Saeed Azhar

By Saeed AzharNEW YORK (Reuters) -Former Goldman Sachs banker Tim Leissner was sentenced to two years in prison by a judge in a New York court on Thursday after playing a key role in a multi-billion dollar scandal involving Malaysia's sovereign fund 1MDB. Malaysian and U.S. authorities estimated $4.5 billion was stolen from 1MDB in an elaborate scheme that spanned the globe and implicated high-level officials in the fund, former Malaysian Prime Minister Najib Razak, Goldman executives and others.
US Home Buyers are most Uncertain since 2023 as Rates Surge, BofA Survey

1 week ago | gurutrade.com | Saeed Azhar |Lananh Nguyen |Sandra Maler |Mark Porter

NEW YORK, (Reuters) - U.S. homeowners and prospective buyers are feeling the most uncertain about the real estate market since 2023, a Bank of America survey showed on Wednesday, as rising mortgage rates deter buyers. Of the 2,000 respondents to BofA's poll, 60% said they could not tell whether it was a good time to buy a home, according to a report published by the nation's second-largest lender. That is up from 57% last year and 48% in 2023.
Ex-Goldman banker Leissner sentenced to two years in prison in 1MDB case

1 week ago | today.westlaw.com | Lananh Nguyen |Saeed Azhar |Nupur Anand |Chizu Nomiyama

NEW YORK (Reuters) -Former Goldman Sachs banker Tim Leissner was sentenced to two years in prison by a judge in a New York court on Thursday after playing a key role in a multi-billion dollar scandal involving Malaysia's sovereign fund 1MDB.
Analysis-Companies turn to private credit during tariff turmoil for loans

1 week ago | today.westlaw.com | Saeed Azhar |Lananh Nguyen |Nupur Anand |Tatiana Bautzer

NEW YORK (Reuters) -Tariff uncertainty and market volatility have sent some companies looking for a flexible, more certain route to funding from private credit firms, resulting in the spurning of traditional lenders in some cases.
US banks tiptoe toward crypto, awaiting more green lights from regulators

1 week ago | today.westlaw.com | Lananh Nguyen |Mark Porter |Saeed Azhar |Nupur Anand

NEW YORK (Reuters) -Big U.S. banks are holding internal discussions about expanding into cryptocurrencies as they get stronger endorsements from regulators, but initial steps will be tentative, centering on pilot programs, partnerships or limited...
Looser US leverage rules may lift Treasury

3 weeks ago | thestar.com.my | Pete Schroeder |Saeed Azhar |Davide Barbuscia

THE banking industry is optimistic that US regulators will soon move to change how much capital they set aside against typically safe investments, particularly after the turmoil in Treasury markets last month. Such a move to revamp the “supplementary leverage ratio” could reduce the amount of cash banks must reserve, freeing them up for more lending or other activities, and could incentivise banks to play a larger role in intermediating Treasury markets. Already a subscriber? Log in.
米金融機関の気候変動対策枠組み離脱を批判、民主党が書簡送付

3 weeks ago | jp.reuters.com | Simon Jessop |Nupur Anand |Saeed Azhar

[ニューヨーク／ロンドン１５日ロイター] - 米議会民主党下院議員らが１５日、資産運用大手ブラックロック(BLK.N), opens new tabや銀行大手ＪＰモルガン・チェース(JPM.N), opens new tabをはじめとする大手金融機関の経営首脳陣に宛てて、気候変動対策から後退したと厳しく批判する書簡を送付した。ロイターが文面を確認した。書簡では、そうした金融機関が「ネットゼロ・バンキング・アライアンス（ＮＺＢＡ）」など各種の国際的な枠組みから離脱したことに対し、「主導的立場を自ら放棄する決定を下した」と非難している。さらに「（気候変動対応の経営方針は）科学と事業に有益なのに軽視し、短期的な政治的利益のため政治的圧力に屈しているように見えており、われわれは失望している」と切り捨てた。その上で、離脱決定についての説明に加え、国際的枠組み「パリ協定」に沿った既存の目標を堅持し、達成に向けた方針を詳細に説明し、後退させないと誓約するよう求めた。...
U.S. finance CEOs challenged for leaving climate pacts by Democratic lawmakers

3 weeks ago | whbl.com | Simon Jessop |Nupur Anand |Saeed Azhar

By Simon Jessop, Nupur Anand and Saeed AzharNEW YORK/LONDON (Reuters) -Democratic lawmakers harshly criticized the chief executives of BlackRock, JPMorgan and other top finance companies for leaving several global coalitions devoted to combating climate change, urging them to uphold their previous commitments and policy targets designed to reduce greenhouse gas emissions.