JPMorgan, UBS Can’t Match China Bank Bonanzas of Decade Ago

Jamie Dimon and Sergio Ermotti starred in the roadshow promoting Postal Savings Bank of China Co.’s share sale. Yet the executives’ participation in this year’s biggest initial public offering also serves as a reminder that investing in Chinese banks isn’t what it used to be. When China’s fifth-largest bank priced its $7.4 billion share sale last week, UBS and JPMorgan snared 5 percent paper gains on investments made nine months earlier. The shares will start trading in Hong Kong on Wednesday after being priced near the bottom of a marketed range.

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This election year will have a significant impact on long-term indirect tax rules, rates, and risks. More immediately, federal, state, and local tax policymaking, fiscal conditions, and technological disruptions will muddle the short-term indirect tax environment in the United States. This white paper will cover the important tr


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Dom Nicastro | April 03, 2020

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Dom Nicastro | April 03, 2020

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Dom Nicastro | April 03, 2020

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Dom Nicastro | April 03, 2020

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Spotlight

This election year will have a significant impact on long-term indirect tax rules, rates, and risks. More immediately, federal, state, and local tax policymaking, fiscal conditions, and technological disruptions will muddle the short-term indirect tax environment in the United States. This white paper will cover the important tr

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