Finance

Investing.com — Warren Buffett’s Berkshire Hathaway (NYSE:BRKa) on Wednesday revealed it had taken a $6.72 billion stake in Chubb Ltd (NYSE:CB), sending shares in the insurer surging. Chubb rose 9% in premarket U.S. trading, putting the stock on pace for […]

DUBLIN, May 15 (Reuters) – Bank of Ireland (BIRG.I), opens new tab plans to wind down its 2 billion euro ($2.17 billion) corporate lending business in Britain, in its latest retreat from the market which it said on Wednesday was aimed at […]

May 15 (Reuters) – The U.S. government is doing the right thing by fully engaging with China, JPMorgan Chase (JPM.N), opens new tab CEO Jamie Dimon said in an interview, opens new tab with Sky News on Wednesday, adding that Beijing was a fierce […]

STOCKHOLM, May 15 (Reuters) – Amazon (AMZN.O), opens new tab Web Services (AWS) said on Wednesday it plans to invest 7.8 billion euros ($8.44 billion) in Germany through 2040 as it builds a cloud computing infrastructure specifically for Europe. AWS last year announced plans […]

FRANKFURT, May 15 (Reuters) – Germany’s Commerzbank (CBKG.DE), opens new tab posted a better-than-expected 29% rise in first-quarter net profit on Wednesday, its strongest quarterly profit in a decade, and raised its outlook for net interest income for the full year. Its […]

PARIS, May 14 (Reuters) – The boss of the euro zone’s most valuable lender BNP Paribas (BNPP.PA), opens new tab on Tuesday played down expectations for a revival of M&A activity in European banking, saying the economics of cross-border and even some […]

ZURICH, May 13 (Reuters) – UBS (UBSG.S), opens new tab on Monday said almost $5 billion worth of Additional Tier 1 (AT1) bonds, a form of debt, have been made available for equity conversion following a decision by shareholders of the Swiss […]

May 13 (Reuters) – The Federal Reserve needs to rethink how it provides swift liquidity to banks, a report from the Federal Reserve Bank of New York said on Monday. That’s because despite many years of trying to reform the […]

Kotak Mahindra Bank is expecting business restrictions imposed by the Reserve Bank to have a “relatively small” financial impact but is more concerned about the reputational damage, a top official said on Saturday. Hinting that it expects the restrictions to […]

Hong Kong is expanding its market outreach in the Middle East by linking up with the investment authority in oil-rich Qatar, paving the way for future cooperation and strategic alliances between the two financial hubs. The Financial Services Development Council (FSDC) and […]