UBS picks Chinese state fund over Ken Griffin’s Citadel Securities for Credit Suisse unit
UBS Group has agreed to sell the majority of its stake in Credit Suisse’s China venture to a Beijing-backed fund, dealing a […]
Under Armour to pay $434 million to settle lawsuit over sales disclosures
Under Armour on Friday said it has agreed to pay $434 million to settle a 2017 class action lawsuit accusing the sports apparel maker […]
Prudential Plans $2 Billion Share Buyback
U.K. insurer Prudential PLC PRU 6.62%increase; green up pointing triangle is planning a $2 billion share buyback as part of its efforts to boost shareholder returns. Under […]
AmEx to buy restaurant booking platform Tock for $400 mln
June 21 (Reuters) – American Express (AXP.N), opens new tab is buying Squarespace-owned (SQSP.N), opens new tab restaurant booking platform Tock for $400 million to expand […]
German Allianz to invest in China’s mega pension company with 2% stake
BEIJING/HONG KONG, June 24 (Reuters) – Allianz Global Investors (AGI), one of the investment arms of German insurer Allianz, has become the […]
China’s yuan is tumbling amid US sanctions and as central banks boost dollar holdings
China’s yuan is in the midst of a steep decline as holders of the currency eye the risk of US sanctions. The […]
IRS to Reject Billions of Dollars in Covid Employer Tax-Credit Claims
The Internal Revenue Service is planning to deny billions of dollars of what it says are improper claims for a popular pandemic-era tax […]
Klarna rival Zilch raises $125 million with aim to triple sales and accelerate path to IPO
LONDON — British fintech firm Zilch said Wednesday it’s raised $125 million in debt financing from German banking giant Deutsche Bank in a deal […]
CPPIB, Temasek join Blackstone in backing Singapore hedge fund Arrowpoint
HONG KONG, June 21 (Reuters) – Arrowpoint Investment Partners, one of Asia’s largest hedge fund launches this year, said on Friday it […]
JPMorgan wealth head sees China’s economic outlook improving
NEW YORK, June 21 (Reuters) – JPMorgan Chase (JPM.N), opens new tab is seeing signs of an improving economy in China that will bolster […]
Consumer-focused lending under Labour could dent UK bank profits
LONDON, June 21 (Reuters) – Once seen as hostile to banks, Britain’s Labour has courted lenders in recent years as it attempts […]
India’s Vedanta to raise $120 mln via debt issue
BENGALURU, June 20 (Reuters) – Indian metals-to-oil conglomerate Vedanta (VDAN.NS), opens new tab will raise up to 10 billion rupees (nearly $120 million) by […]