Finance

In a decisive move to revamp its investment strategy, the California Public Employees Retirement System (Calpers) is significantly increasing its stakes in private equity and private credit, earmarking a colossal $34 billion towards these riskier assets. This strategic pivot, aimed […]

A total of 37.89 million cards are active as of end-January, according to official data. Taiwan’s 32 credit card institutions hold a revolving credit of $3.34b (NT$106.5b) as of end-January 2024, according to data released by the Financial Supervisory Commission. […]

SYDNEY, March 18 (Reuters) – Uber (UBER.N), opens new tab has agreed to pay A$271.8 million ($178 million) to settle a lawsuit brought by Australian taxi operators and drivers, who say they lost income when the ride-hailing company moved into the country, […]

March 14 (Reuters) – Bank of America (BAC.N), opens new tab has made several leadership changes in its capital markets business, setting up a new advisory group called capital markets advisory in a bid to better align its offering amid a volatile […]

SINGAPORE, March 14 (Reuters) – Singaporean lender United Overseas Bank (UOB) (UOBH.SI), opens new tab is planning to double its private wealth assets under management over the next couple of years as it bets on increased wealth inflows into the city-state and […]

LONDON/FRANKFURT, March 13 (Reuters) – A year ago Credit Suisse was teetering on the brink of collapse, a scare that sent European bank shares tumbling and the cost of insuring against default soaring. Investors were sounding the alarm about the stability of […]

LONDON, March 12 (Reuters) – British banks will be allowed to hold up payment transfers for an extra three days if they have grounds to suspect a customer is being scammed, the government said on Tuesday. Regulators are cracking down […]

NEW YORK, March 11 (Reuters) – HSBC (HSBA.L), opens new tab is planning to recruit about 50 more bankers in its U.S. commercial bank to lend to startup companies, mainly in the technology and healthcare sectors, according to a senior executive. The […]

March 11 (Reuters) – Reddit is aiming for a valuation of up to $6.4 billion in its U.S. initial public offering (IPO), the social media platform said on Monday, as it nears one of the most-anticipated stock market debuts of […]

March 8 (Reuters) – Global equity funds attracted a net $6.5 billion in the seven days through March 6, driven by weak U.S. manufacturing data and Federal Reserve policymakers’ remarks which fuelled expectations of interest rate cuts later this year. […]