US bank regulator looks to tighten control of asset managers’ bank stakes
A U.S. bank regulator is considering a stricter framework for how large asset managers like Blackrock (BLK.N), opens new tab and Vanguard can prove […]
Intesa lifts profit goal, signals extra rewards after strong quarter
Italy’s biggest bank Intesa Sanpaolo (ISP.MI), opens new tab on Tuesday raised its profit outlook, after posting stronger than expected quarterly earnings and signalling […]
Ola Electric to raise $734 mln in India’s biggest IPO this year
Indian e-scooter maker Ola Electric said on Monday it aimed to raise $734 million in the country’s biggest IPO this year, a deal set […]
Russia’s VTB forecasts record $6.4 bln profit in 2024 on corporate loan growth
Russia’s second-largest lender VTB (VTBR.MM), opens new tab expects to make a record profit of up to 550 billion roubles ($6.39 billion) in 2024, […]
Unicaja’s Q2 net profit up 61% but lending income down qtr/qtr
Spain’s Unicaja (UNI.MC), opens new tab posted a 61% rise in second-quarter net profit on Tuesday helped by lower provisions though lending income eased […]
Singapore’s Temasek plans to invest up to $30 billion in US over next five years
Singapore state investor Temasek plans to invest up to $30 billion over the next five years in the U.S. in sectors such […]
Sacyr hires Santander and Deutsche Bank as advisers to find partner
Spanish construction firm Sacyr (SCYR.MC), opens new tab hired Santander and Deutsche Bank as financial advisers to find a partner for new unit Voreantis […]
Walmart looks to bet $200 million on autonomous forklifts
Walmart (WMT.N), opens new tab has plans to potentially spend $200 million on self-driving forklifts as part of broader efforts to automate more warehouse […]
3M shares soar as strong results highlight cost cuts, growth push
3M’s (MMM.N), opens new tab shares soared to a near two-year high on Friday following the industrial conglomerate’s quarterly results that underscored its focus […]
Six banks settle European bond price fixing litigation in New York
Six banks including Bank of America (BAC.N), opens new tab and Citigroup (C.N), opens new tab agreed to pay $80 million to settle antitrust litigation in […]
Nasdaq says top shareholder Thoma Bravo to sell shares worth $2.8 bln
Nasdaq (NDAQ.O), opens new tab said on Friday that private equity firm Thoma Bravo will sell 41.6 million shares in the transatlantic exchange operator […]
Amundi’s Q2 net inflows beat estimates on Asian contributions
Amundi, Europe’s biggest fund manager, posted better-than-expected quarterly inflows on Friday, driven by its Asian joint ventures amid sustained demand for risk-averse […]