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 merger with Credit Suisse. Its joint venture partner Founder Securities said in a filing on […]
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 Ventures. Huntress, based in Columbia, Md., primarily serves small to midsize businesses. The funds will […]
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. tech giants. Source: WSJ
June 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 in Australia and overseas, it said in a statement. With the investment, Temasek will hold […]
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 state-owned bank said in a statement that Cuba’s central bank had granted it a license […]
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 matter told Reuters. The process is due to launch in the next couple of weeks, […]
LONDON, June 20 (Reuters) – Aircraft leasing firms have struck settlements with Russia totalling around $2.7 billion for over a quarter of the roughly 400 aircraft stuck in the country since Moscow’s invasion of Ukraine in 2022. In return, international lessors handed ownership of the planes to state insurance company NSK, which transferred them to Russian airlines. […]
FRANKFURT, June 20 (Reuters) – Germany has fined Citigroup nearly 13 million euros ($13.94 million) for lapses in its trading system controls, the nation’s bank regulator said on Thursday, as its consumer protection division imposed its largest penalty ever. It is related to a mishap in 2022 involving $1.4 billion in mistaken sell orders in […]
J Sainsbury SBRY 0.69%increase; green up pointing triangle is selling its core banking business to NatWest Group NWG 1.54%increase; green up pointing triangle for an undisclosed sum, as part of its previously announced plan to withdraw from the segment and focus on its retail business. The U.K.’s second-largest grocer by market share said Thursday that the final consideration will reflect the value […]
ZURICH, June 20 (Reuters) – Switzerland’s financial regulations need further strengthening following the takeover of Credit Suisse by UBS, the Swiss National Bank said on Thursday, pressing for more to be done on capital and liquidity requirements. Credit Suisse roiled financial markets last year when it collapsed following a string of financial problems, and was […]