MUMBAI, June 24 (Reuters) – India’s Kotak Mahindra Bank (KTKM.NS), opens new tab will increase its pace of opening new branches and add about 175 to 200 branches in the financial year 2024-25, a senior official at the bank said, months after…
Read moreThe timing of an initial public offering, which would likely be London’s biggest in more than a decade, wasn’t immediately clear as Shein is still awaiting approval from the Chinese securities regulator, the people said. An IPO could value the…
Read moreBEIJING/HONG KONG, June 24 (Reuters) – UBS (UBSG.S), opens new tab is selling a partial stake in one of its securities joint ventures to Beijing State-owned Asset Management (BSAM), a key step for the Swiss bank as it consolidates operations in China…
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June 21 (Reuters) – U.S. bank regulators said four major banks had shortcomings in their “living wills” – or plans that outline how they could be safely wound down if they went bankrupt or came under pressure. The four lenders – Citigroup (C.N),…
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BEIJING/HONG KONG, June 24 (Reuters) – UBS (UBSG.S), opens new tab is selling a partial stake in one of its securities joint ventures to Beijing State-owned Asset Management(BSAM), a key step for the Swiss bank as it consolidates China operations after its…
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Cybersecurity provider Huntress has raised $150 million in Series D funding, as it weighs a potential public offering in the next few years. The round was led by venture-capital companies Kleiner Perkins and Meritech Capital, along with existing investor Sapphire…
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The kingdom hauled in more than $54 billion this year to fund its massive spending ambitions—equivalent to about 5% of its gross domestic product. It loaded up on debt, sold shares in crown-jewel oil company Aramco and cashed out bets on U.S.…
Read moreJune 17 (Reuters) – Singapore-based investment firm Temasek Holdings (TEM.UL) will invest up to A$300 million ($198.4 million) in Australian exchange-traded fund manager Betashares, the company said on Monday. The funding is expected to drive the expansion of Betashares’ offerings…
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HAVANA, June 20 (Reuters) – Russia’s Novikombank said on Thursday it had become the first bank from the country to open a representative office in Cuba as part of growing economic ties between the former Cold War allies. The Russian…
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FRANKFURT/LONDON, June 21 (Reuters) – State Street (STT.N), opens new tab, BNP Paribas (BNPP.PA), opens new tab and Caceis are lining up as potential bidders for the sale of HSBC Germany’s fund administration unit INKA and custody business, three sources familiar with the…
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