HSBC mulls sale of South Africa business, Bloomberg News reports
HSBC Holdings (HSBA.L), opens new tab is currently exploring a sale of its South Africa businesses, Bloomberg News reported on Tuesday, as the once […]
Goldman hires investment banker Beitzel from Citi to drive FIG dealmaking
A Goldman spokesperson confirmed the contents of the memo. Beitzel, who has covered financial institutions for more than 20 years, worked as […]
Saudi Arabia plans $1tn investment in non-oil economy by 2030: analysts
Saudi investment plans According to the Goldman Sachs report, clean energy spending will reach $235bn, more than the previously forecast $148bn, as […]
South African lender Absa reports lower half-year profit
South Africa’s Absa Group (ABGJ.J), opens new tab posted a 5% decline in half-year profit on Monday as operating expenses rose faster than revenue […]
Swedish c.bank seen cutting rates this week, more to come by year end:
Sweden’s central bank is expected to cut its policy rate by a quarter percentage point to 3.50% on Aug. 20 and then […]
Deutsche Bank’s proposed Postbank case settlement offer rejected by plaintiffs
Deutsche Bank (DBKGn.DE), opens new tab has proposed a settlement to shareholders who sued Germany’s largest bank for underpaying them for the acquisition of […]
Revolut joins Europe’s biggest banks with $45 billion valuation after share sale
Britain’s Revolut has been valued at $45 billion through a secondary share sale to new and existing investors, the financial technology firm […]
Lenovo’s net income up 65% in June quarter as ‘intelligent devices’ see strong growth
Lenovo Group, the world’s largest personal computer (PC) maker, reported a 20 per cent year-on-year increase in revenue for the June quarter, […]
Texas adds UK lender NatWest to energy ‘boycott’ list over financing restrictions
Texas has added Britain’s NatWest (NWG.L), opens new tab to a list of firms that “boycott” energy companies, potentially restricting the bank’s business with public […]
World Rally Championship promoter explores $550 million sale, sources say
The owners of the World Rally Championship’s commercial arm are exploring options including a possible sale of the business, seeking to bring […]
Israel’s Bank Leumi Q2 profit slips, to pay investors 40% of net income
Leumi (LUMI.TA), opens new tab, one of Israel’s two largest banks, reported on Wednesday a 7.5% drop in second-quarter net profit, but will […]
Sweden’s EQT seeks $12.5 billion for new Asia fund
EQT (EQTAB.ST), opens new tab would raise $12.5 billion for its new Asia-focused fund, the Swedish investment firm said on Wednesday. The fund will […]