Exclusive: Capital Group shakes up strategy to hit $4 trillion by 2031
LONDON, June 12 (Reuters) – Capital Group aims to grow its fixed income business, accelerate overseas expansion and diversify away from its […]
Santander’s Botin bets on tech revamp starting with US consumer banking
LONDON, June 12 (Reuters) – Spain’s Santander (SAN.MC), opens new tab plans to make the United States the launch pad for a revamped platform […]
Rouble swings to opaque trading territory after new US sanctions
MOSCOW, June 13 (Reuters) – New U.S. sanctions that forced Russia’s leading exchange to halt dollar and euro trading led to a […]
Ex-UK trader sues Deutsche Bank for $3.3 mln over unpaid bonus
LONDON, June 11 (Reuters) – A former Deutsche Bank trader is suing the bank in a London court for just over 2.6 […]
Saudi Arabia Set to Raise Over $11.2 Billion From Aramco Stock Sale
Saudi Arabia is poised to raise more than $11.2 billion from the sale of shares in its crown jewel, oil giant Aramco, […]
ECB should wait with next rate move until uncertainty recedes, Lane says
DUBLIN, June 11 (Reuters) – The European Central Bank should persist in restraining economic growth given the ample inflationary pressures and wait […]
Britain’s payments industry calls for delay and cut in scam compensation rules
LONDON, June 10 (Reuters) – Britain’s payments sector on Monday called on its regulator to roll back and delay by a year […]
HSBC adds over 300 to China headcount after Citi wealth acquisition
HONG KONG, June 11 (Reuters) – HSBC (HSBA.L), opens new tab said on Tuesday it had boosted its headcount in China by more than […]
Credit Suisse bondholders sue Switzerland in the U.S. over $17 billion writedown of AT1 debt
A group of Credit Suisse bondholders filed a lawsuit against the Swiss government, seeking full compensation over the contentious decision to write down the […]
Elliott Takes Big Stake in Southwest Airlines
Elliott Investment Management has built a stake of nearly $2 billion in Southwest Airlines LUV -0.36%decrease; red down pointing triangle and plans to push for changes […]
Turkey competition board fines Google 482 million lira over hotel searches
ANKARA, June 10 (Reuters) – The Turkish competition authority said on Monday that it imposed a fine of around 482 million lira […]
Toyota lost over $15 billion in market value last week after being caught falsifying tests
Shares of Japanese automakers have largely plunged since the country’s transport ministry found false data used to certify certain models a week ago on […]