US banks face climate risk data challenges, Fed analysis shows
WASHINGTON, May 9 (Reuters) – U.S. banks face significant data and modeling challenges in predicting the impact of climate change on their […]
Azimut posts drop in adjusted net profit, selects spin off staff
May 9 (Reuters) – Italian asset manager Azimut Holding (AZMT.MI), opens new tab said on Thursday it was confident of exceeding its profit target […]
Porch sues China Construction Bank in US over reinsurance fraud losses
May 10 (Reuters) – U.S. insurance and home inspection software provider Porch Group is suing China Construction Bank Corp (CCB) (601939.SS), opens new […]
Egypt’s foreign debt rises $3.5 billion in last quarter of 2023
CAIRO, May 9 (Reuters) – Egypt’s foreign debt climbed by $3.5 billion in the three months to the end of December, according […]
Stocks making the biggest moves after hours: Airbnb, Robinhood, Arm Holdings, Equinix and more
Airbnb — The hoteling company issued disappointing forward guidance, dragging shares down 8%. Airbnb said second-quarter revenue would range between $2.68 billion and […]
British neobank Monzo boosts funding round to $610 million to crack U.S. market, launch pensions
British neobank Monzo said Wednesday that it’s raised another $190 million, lifting the total it’s raised so far this year to $610 […]
Spain’s BBVA announces $13 billion hostile takeover bid for Sabadell
Spanish bank BBVA on Thursday presented a 12.23 billion euro ($13.11 billion) takeover bid for rival Sabadell directly to shareholders, even though […]
Global family offices flock to Hong Kong as property, stock market and Greater Bay Area opportunities act as magnet
The removal of property curbs, a stock market rebound and growing opportunities in the Greater Bay Area are attracting an increasing number […]
Wells Fargo names former JPMorgan executive as co-head of investment bank
May 8 (Reuters) – Wells Fargo (WFC.N), opens new tab named former JPMorgan Chase (JPM.N), opens new tab executive Fernando Rivas as co-CEO of its corporate […]
British neobank Monzo boosts funding round to $610 million to crack U.S. market, launch pensions
British neobank Monzo said Wednesday that it’s raised another $190 million, lifting the total it’s raised so far this year to $610 […]
Saudi Arabia Invests $2.5 Billion in Middle East Green Initiative
In a significant move towards environmental sustainability, Saudi Arabia has pledged $2.5 billion to the Middle East Green Initiative. This ambitious regional […]
Hong Kong’s moribund IPO market seen revived by deals from innovative, ‘unbelievably huge’ China companies: Citi
Hong Kong’s limping initial public offerings (IPO) market, dealt a crippling blow by rising interest rates and an aversion to Chinese assets, appears to […]