SINGAPORE, June 12 (Reuters) – DBS Group (DBSM.SI), opens new tab plans to boost assets under management for its wealth business to S$500 billion ($369.7 billion) by the end of 2026, said the unit’s head, as the top Singaporean bank bets on robust inflows into the city state. Wealth assets at DBS grew 23% to a record […]
LONDON, June 13 (Reuters) – Britain’s Revolut is to become the first tenant in a newly refurbished building in London’s Canary Wharf financial district, taking on 40% more floorspace for its new headquarters as the fintech firm accelerates hiring. Bankers arriving in Canary Wharf will soon be greeted by giant “Revolut” logos on top of […]
[SYDNEY] Australia’s troubled Commonwealth Bank admitted Thursday it has lost financial records for almost 20 million customers in a major security blunder – but insisted there was no need to worry. The nation’s biggest company said it cannot find two magnetic data tapes that stored names, addresses, account numbers and transaction details from 2000 to […]
SYDNEY—Bapcor has become a 1.83 billion Australian dollar (US$1.21 billion) target for a private equity takeover, five weeks after the Australian automotive-accessory provider issued a profit warning. The ASX-listed company on Tuesday said it received an indicative A$5.40-a-share cash proposal from Bain Capital Private Equity at the end of last week. Its board is considering the […]
MADRID, June 11 (Reuters) – Spain’s booming tourism industry will buoy the country’s overall economic growth rate to a solid 2.3% in 2024, much higher than its European Union peers, the Bank of Spain said on Tuesday. In its quarterly outlook update, the central bank raised its growth forecast from a previous 1.9% three months […]
NEW YORK/MEXICO CITY, June 10 (Reuters) – The Mexican governing party’s unexpectedly lopsided victory last week has investors concerned that it may use its mandate to sweep aside some of the checks on presidential power which have long been a source of comfort to the business community. The possibility that current president Andres Manuel Lopez […]
June 10 (Reuters) – The U.S. Securities and Exchange Commission in April had sought additional disclosures from New York Community Bancorp (NYCB.N), opens new tab in its preliminary proxy statement, regulatory filings made by the regional lender showed on Monday. The regulator requested NYCB to revise its proxy filing to briefly discuss the reasons for its recent […]
FRANKFURT, June 11 (Reuters) – Many euro zone banks are still far from meeting accounting rules on the provisions needed to protect against loan losses, despite some progress in factoring in climate risks, the European Central Bank’s top supervisor said on Tuesday. A decade-old accounting standard designed to avoid a new banking crisis requires lenders […]
Just like Elon Musk and Bill Gates, Jeff Bezos‘ private jet of choice is a Gulfstream G650ER. In fact, he owns two of them. But the Amazon founder also has a smaller business jet known for its versatility, according to data from JetSpy. Swiss planemaker Pilatus bills its PC-24 as “the world’s only super versatile jet” because it’s capable […]
Norway’s $1.6 trillion sovereign wealth fund said it is voting against Elon Musk’s $46 billion pay package at Tesla. Norges Bank Investment Management, the central bank’s wealth-fund arm, released its decision Saturday, expressing concerns about the size of the compensation deal, among other factors…. Source: REUTER