LONDON, June 26 (Reuters) – British investment trusts Alliance Trust (ATST.L), opens new tab and Witan (WTAN.L), opens new tab have agreed to merge to create a company managing 5 billion pounds ($6.33 billion) of assets, in the latest example of consolidation in the…
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Crossover Markets, a superfast execution-only trading platform for cryptocurrencies, has raised a $12 million Series A led by Illuminate Financial and DRW Venture Capital. Crypto trading is evolving such that it can cater to both those players who want the…
Read moreLONDON, June 26 (Reuters) – British investment trusts Alliance Trust (ATST.L), opens new tab and Witan (WTAN.L), opens new tab have agreed to merge to create a company managing 5 billion pounds ($6.33 billion) of assets, in the latest example of consolidation in the…
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LONDON, June 26 (Reuters) – European stock markets were higher on Wednesday as the market braced for a French election and a key U.S. inflation reading, while the yen lurked just shy of 160 per dollar level, keeping traders on…
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OSLO, June 26 (Reuters) – Norway’s largest pension fund KLP said on Wednesday it will no longer invest in Caterpillar Inc (CAT.N), opens new tab because of risk that equipment sold by the U.S. group to Israel is used to demolish Palestinian…
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June 25 (Reuters) – The surge in investment in private debt is “more money for old rope”, BNP Paribas Wealth Management global chief investment officer Edmund Shing said on Tuesday. Shing said private assets were an essential for clients with…
Read moreUBS Group has agreed to sell the majority of its stake in Credit Suisse’s China venture to a Beijing-backed fund, dealing a blow to the ambitions of Ken Griffin’s Citadel Securities to expand in the world’s second-largest economy. Under the…
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Ledgers of the failed fintech middleman Synapse show that nearly all the deposits held for customers of the banking app Yotta went missing weeks ago, according to one of the lenders involved. A network of eight banks held $109 million in deposits for Yotta…
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MUMBAI, June 25 (Reuters) – India’s markets regulator is likely to tighten rules for stocks to be eligible for derivatives trading and ask brokers and mutual funds to stop enlisting unregistered financial influencers for their marketing campaigns, two sources with…
Read moreDUBAI, June 25 (Reuters) – UBS (UBSG.S), opens new tab has strengthened its wealth management team in the Middle East with 10 new hires, it said on Tuesday, as the Swiss bank moves to tap into the influx of expatriates and growing…
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