Finance

March 6 (Reuters) – New York Community Bancorp (NYCB.N), opens new tab said on Wednesday it has raised more than $1 billion in equity. Liberty Strategic Capital, Hudson Bay Capital, Reverence Capital Partners, Citadel Securities and other investors, including members of the […]

PARIS, March 5 (Reuters) – JPMorgan Chase & Co (JPM.N), opens new tab said on Tuesday it had joined France’s leading payments network Cartes Bancaires (CB), becoming the first U.S. bank to do so as it seeks to offer cheaper card payment […]

NEW YORK, March 5 (Reuters) – New York Attorney General Letitia James sued the cash advance provider Yellowstone Capital for $1.4 billion on Tuesday, saying it ran a large-scale predatory lending operation that charged “sky-high” interest rates on fraudulent loans. […]

LONDON, March 5 (Reuters) – British digital bank has raised 340 million pounds ($431.26 million) at a 4 billion pound ($5.07 billion) valuation, the company said in a statement on Tuesday. The round was led by CapitalG, a fund owned […]

NEW YORK, March 5 (Reuters) – A stronger-than-expected U.S. economy is buoying the dollar, frustrating investors who had bet the currency would wilt under a barrage of interest rate cuts that have yet to materialize. The dollar index (.DXY), opens new […]

At the annual National People’s Congress (NPC), Premier Li Qiang unveiled China’s ambitious goal to achieve around 5% GDP growth in 2024, echoing last year’s target despite the country grappling with significant economic hurdles. The announcement came as part of […]

The recent lawsuit filed by co-founders of Donald Trump’s media company against the former president and other company leaders is stirring waves in the business and political realms. This legal battle accuses Trump and his associates of scheming to deny […]

LONDON, March 4 (Reuters) – British insurer Aviva (AV.L), opens new tab said on Monday it will re-enter the historic Lloyd’s insurance market with a 242 million pound ($307 million) acquisition of insurance platform Probitas. The deal bolsters Aviva’s general insurance business […]

ZURICH, March 4 (Reuters) – The Swiss National Bank (SNBN.S), opens new tab on Monday posted an annual loss of 3.2 billion Swiss francs ($3.62 billion) for 2023, as a switch to positive interest rates cost it dearly and meant it couldn’t […]

HONG KONG, March 1 (Reuters) – JPMorgan Chase (JPM.N), opens new tab has selected HSBC (HSBA.L), opens new tab and Standard Chartered (STAN.L), opens new tab to operate its custody businesses in Hong Kong and Taiwan, with assets worth more than $500 billion, a spokesperson for […]