Britain’s largest investment platform Hargreaves Lansdown (HRGV.L), opens new tab on Friday agreed to a 5.4 billion pound ($6.9 billion) takeover by an international consortium, which is betting on grabbing market share in the competitive UK wealth market. The deal is the second largest by value struck this year by a London-listed company and is the latest […]
Regulators are investigating some of the biggest U.S. banks for their handling of customer funds on the peer-to-peer payments platform Zelle, which has been facing scrutiny over scams and fraudulent transactions. The Consumer Financial Protection Bureau probe focuses on JPMorgan JPM 0.03%increase; green up pointing triangle Chase, Bank of America BAC 1.03%increase; green up pointing triangle and Wells Fargo WFC -0.13%decrease; red down pointing triangle, among […]
The Biden administration said on Tuesday it is investing $2.2 billion to revamp the nation’s power grid to protect it against growing threats of extreme weather events. The U.S. government has been working to overhaul the country’s electric transmission system, which is under pressure from extreme weather conditions, as well as a growing number of power-hungry data […]
Adani Enterprises Ltd (ADEL.NS), opens new tab is likely to launch a $1 billion share sale by mid-September, three sources with direct knowledge of the matter told Reuters, in the latest attempt by Indian billionaire Gautam Adani to restore his empire’s fortunes. The share sale will be the second by an Adani group company this year after […]
HSBC Holdings (HSBA.L), opens new tab announced a $3 billion share buyback and upgraded its income outlook on Wednesday, as the bank showed progress in its efforts to shield its business from global interest rate cuts that may hit lending revenue. The lender’s shares rose 4% in London as investors cheered its stable first-half profit growth, gains […]
Global private credit firms, including industry leader Ares Management, are increasingly focused on Italy as more small businesses which are the backbone of its economy open up to outside investors, providing buyout deal opportunities. With 140 direct lending deals completed over the past 45 quarters, Italy accounts for just 4.3% of continental Europe’s overall transactions, […]
This decision comes as Ethiopia strives to advance its long-standing debt restructuring. The second most populous country in Africa received a $3.4 billion program from the International Monetary Fund on Monday, following the decision to float its birr currency by the central bank, allowing for progress in its debt restructuring. Source: africanews
Once abundantly dispersed across China to serve the banking needs of more than a billion people, physical bank branches and ATMs have seen their numbers dwindling as the public embraces e-payment platforms and financial institutions cut costs. And as most of the public can use their phones to conduct banking and monetary transactions, closures have […]
Australia’s Woodside Energy (WDS.AX), opens new tab said on Monday it had agreed to buy U.S. liquefied natural gas developer Tellurian (TELL.A), opens new tab, including its U.S. Gulf Coast Driftwood LNG export project, for $1.2 billion including debt. The agreement could strengthen the United States’ position as the world’s largest producer of the superchilled gas by securing […]
China Bohai Bank (9668.HK), opens new tab said on Monday it is looking to sell 29 billion yuan ($3.99 billion) worth of non performing loans as the faltering Chinese economy and deepening property sector problems pressure lenders to dispose of bad assets. The Tianjin-based bank, 16.2% owned by British lender Standard Chartered (STAN.L), opens new tab, expects a […]