Finance

BlackRock’s iShares Bitcoin Trust has become the world’s largest fund for the original cryptocurrency, amassing almost US$20 billion in total assets since listing in the United States at the start of the year. The spot bitcoin exchange-traded fund (ETF) held US$19.68 billion of the token on Tuesday, […]

FRANKFURT, May 28 (Reuters) – The European Central Bank is streamlining its health checks on the euro zone’s banks, allowing it to train its focus on pressing lapses and get tough on laggards. The central bank’s supervisory chief, Claudia Buch, […]

May 28 (Reuters) – Banks and insurers are making more requests to U.S. credit agencies for ratings on their risky loans to private equity funds that are secured against the value of their portfolio investments and cash flows that come […]

The energy price cap in Great Britain will fall 7% to the equivalent of £1,568 a year this summer after a drop in wholesale gas prices. Set by the energy regulator Ofgem, the cap reflects the average annual dual-fuel bill for […]

Starwood Capital Group, one of the largest real estate investors worldwide, is part of a consortium of shareholders proposing to take Asian warehouse developer ESR Group private, according to a filing to the Hong Kong stock exchange. The consortium comprising Starwood and […]

MILAN, May 27 (Reuters) – The private banking arm of Italian bank Mediobanca (MDBI.MI), opens new tab said it would start offering its wealthier clients a new, illiquid open-ended alternative fund set up by investment firm KKR (KKR.N), opens new tab. The move […]

Barclays has asked its dealmakers to return to the office five days a week in the latest reversal of hybrid working arrangements by a large investment bank. The UK lender has told its global team of dealmakers to either return […]

Generative artificial intelligence (AI) is adding uncertainty to an already uncertain world, but Hong Kong can cope with the challenges by leveraging its hub status and acting as a gateway to China, according to veteran HSBC banker Peter Wong Tung-shun. […]

MADRID, May 24 (Reuters) – Spanish bank BBVA (BBVA.MC), opens new tab on Friday asked stock market supervisor CNMV to authorise its 12.23-billion-euro ($13.29 billion) hostile takeover offer for smaller rival Sabadell (SABE.MC), opens new tab, a potential tie-up of lenders that Madrid […]

STRESA, Italy, May 25 (Reuters) – U.S. Treasury Secretary Janet Yellen told Reuters that European banks face growing risks operating in Russia and the U.S. is looking at strengthening its secondary sanctions on banks found to be aiding transactions for […]