Finance

FRANKFURT, April 29 (Reuters) – Deutsche Bank (DBKGn.DE), opens new tab has warned a protracted lawsuit claiming it underpaid for Postbank could cost Germany’s largest lender up to 1.3 billion euros ($1.39 billion). Deutsche acquired the no-frills Postbank during the financial crisis seeking to […]

FRANKFURT, April 28 (Reuters) – Deutsche Bank (DBKGn.DE), opens new tab said on Sunday that it would “carefully assess” options for a possible settlement in litigation over its takeover of Postbank that has required it to make provision for claims of up to 1.3 […]

Emirati investors may be increasingly tempted to look at Iraq after additional safeguards are introduced under a new bilateral investment treaty, observers believe. The treaty between Iraq and the UAE was signed in October 2021 and ratified by both states […]

Consolidation in the GCC’s insurance sector – already underway because of rising competition and stricter regulations on solvency capital requirements – could be accelerated by the impact of the flooding in the region last week. Ratings agency S&P Global said […]

At lunch at a classy beachside restaurant in Madinat Jumeirah last week, I met a senior representative of a Russian mining company visiting the Dubai office on a brief stopover during an “international networking” tour. Some aspects of the miner’s […]

LONDON — British cybersecurity firm Darktrace on Friday announced it had agreed a sale to U.S. private equity giant Thoma Bravo, for an all-cash offer of $5.315 million. Darktrace shares were 17% higher at 10:26 a.m. London time. Investors are set to […]

BEIJING/SHANGHAI, April 26 (Reuters) – China’s Bank of Communications Co Ltd (BoCom) (601328.SS), opens new tab, reported a 1.44% rise in first-quarter net profit amid a slowing economy. BoCom, the first among five of the nation’s biggest state banks reporting first-quarter […]

Former Tesla executive Drew Baglino, who announced his resignation earlier this month, sold shares in the electric vehicle company worth around $181.5 million, according to a filing on Thursday with the SEC. Baglino, who joined Tesla in 2006, is selling about 1.14 million of his shares, […]

PARIS, April 25 (Reuters) – French President Emmanuel Macron called on Thursday for a revision of how Europe applies minimum capital rules to banks and insurers so that they are not too risk-averse and Europe is put at an economic […]

LONDON, April 26 (Reuters) – British bank NatWest’s (NWG.L), opens new tab first-quarter profit fell by a less than expected 27%, it said on Friday, with income squeezed by an increase in competition for savings, lending and mortgage products over the past […]