Asterion to buy stake in Italy airports business from Ardian-Credit Agricole Assurance, sources say
Spanish fund Asterion has agreed to buy 49% of a holding company that owns several Italian airports from France’s Ardian and Credit […]
HSBC names veteran Elhedery as CEO, signals continuity in strategy
HSBC Holdings Plc (HSBA.L), opens new tab has appointed its Chief Financial Officer Georges Elhedery as its next CEO, the bank said on Wednesday, […]
SymphonyAI targets second half 2025 IPO with $500 million in revenue run rate
SymphonyAI, a U.S. artificial intelligence company whose products help the likes of Pepsi predict demand and financial companies spot fraud, is preparing […]
Italy’s banks seek savings product comeback after retail state bond boom
As falling interest rates compress lending margins and dent bonds’ appeal, Italian banks are seizing the moment to woo retail savers back […]
Euro zone households seek loans again after two years – ECB
Euro zone households are applying for loans in growing numbers for the first time in two years as they grow more optimistic […]
Exclusive: PwC weighs halving of China financial services audit staff, say sources
PricewaterhouseCoopers (PwC) is considering slashing up to half its financial services auditing staff in China, two people with knowledge of the matter […]
Bitcoin soars to two-week high after Trump attack
Bitcoin surged to a two-week high on Monday after the attempted assassination of U.S. presidential candidate Donald Trump raised the odds of the former president, who […]
In the Market: How regulators are using banks to illuminate shadow banks
The Federal Reserve has proposed new rules that would allow it to gather granular details about banks’ exposure to shadow banks, a […]
European stocks are seeing outsized moves as hedge funds drive trading
European companies are seeing outsized gains and losses in their shares when they report earnings, a Reuters analysis shows, a trend that […]
FACTBOX US banking execs weigh macroeconomic risks, Fed’s interest rate path
Executives from top U.S. banks remained divided over the U.S. Federal Reserve’s future path on interest rate cuts and flagged deterioration in […]
New era of private credit growth highlights its opaque nature, Moody’s says
The rapid growth of private credit lending beyond its traditional market highlights its opaque nature and potential concerns among regulators about its […]
Ethiopia’s coffee exports soar, generates $1.43 billion in revenue
According to a statement by the Ethiopian Coffee and Tea Authority (ECTA), the East African country exported 298,500 tonnes of coffee during […]