British financial technology firm Revolut announced Thursday that it’s planning to move its official headquarters in London to Canary Wharf, the city’s major financial district. Revolut will relocate its global headquarters to the YY London building in the center of […]
LONDON, June 12 (Reuters) – Starling Bank is “pessimistic” about the outlook for the UK economy, it said on Wednesday, setting aside more cash for potential loan losses even as the digital bank reported a 55% jump in annual pretax […]
TORONTO, June 12 (Reuters) – Canadian lender National Bank’s (NA.TO), opens new tab expansion from east to west, rather than following Canada’s big banks south of the border, could help secure growth, analysts and investors said. The Quebec-based bank’s C$5 billion ($3.65 […]
ALIBABA Investment, a subsidiary of Chinese e-commerce giant Alibaba Group, sold off 72.5 million shares in Singapore Post (SingPost) for S$33.3 million on Friday (Jun 7). The transaction lowers its stake in the national postal service provider to 11.34 per […]
NEW YORK, June 11 (Reuters) – The oldest U.S. bank is getting a new name. Bank of New York Mellon (BK.N), opens new tab is embracing BNY as its new moniker, CEO Robin Vince wrote in a memo to employees on Tuesday. […]
Former media executive Edgar Bronfman Jr., backed by private-equity firm Bain Capital, has expressed interest in buying the company that controls Paramount Global PARA -0.25%decrease; red down pointing triangle, marking yet another twist in one of the messiest deal dramas in recent memory. Bronfman, who formerly […]
LONDON, June 10 (Reuters) – Britain’s right-wing Reform UK party, led by Brexit campaigner Nigel Farage, called on Monday for a 40 billion-pound ($51 billion) tax cut for voters, funded by scrapping the interest paid to banks by the Bank […]
June 10 (Reuters) – Liberty Strategic Capital on Monday disclosed it held a 7.7% stake in regional lender New York Community Bancorp (NYCB.N), opens new tab as of June 7. Former U.S. Treasury Secretary Steven Mnuchin’s private equity firm was part of […]
ZURICH, June 11 (Reuters) – The merger of the Swiss units of UBS (UBSG.S), opens new tab and Credit Suisse could be completed as early as July 1, a senior executive at UBS was quoted as saying on Tuesday. UBS, which acquired […]
The Hong Kong Monetary Authority (HKMA) is keen to make its green taxonomy framework mandatory for the banking sector to support the development of sustainable financing in the city. Hong Kong’s de facto central bank issued the green taxonomy last month to […]
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