worldbusinessstar
Temasek buys Bridgepoint’s Element materials
The London-listed private equity firm, Singaporean state-owned investor Temasek has acquired Element Materials Technology Group from Bridgepoint. The terms of the deal were not...
UniCredit unlikely to pursue deal for Russia’s Otkritie
UniCredit is unlikely to pursue a deal for Moscow-based lender Otkritie Bank. This was heard after Russian daily Kommersant reported that Italy’s second-biggest bank had lost interest....
European shares tumble in global selloff
European stocks slumped to mark a third week of losses. This is as jitters over monetary policy tightening by central banks this year. Weak economic...
No Evergrande fallout in Britain
Bank of England Governor Andrew Bailey said that resolving Chinese property developer Evergrande Group’s struggle with $300 billion in liabilities has been fairly protracted. But...
Big Credit Suisse investor hopeful for bank’s turnaround
One of the largest shareholders of Credit Suisse hopes the bank‘s new chairman, Axel Lehmann, can steer the embattled lender through a turnaround. This is...
Britain’s bank ‘ring-fencing’ rules need simplifying
Capital rules imposed on Britain’s high street banks after bailouts during the global financial crisis have not harmed competition. But it may need simplifying....
Sterling’s early gains fizzle
The British pound’s early gains evaporated and it turned lower. This is because the investors consolidated bets ahead of a Bank of England meeting, which is...
Credit Suisse files five insurance claims on Greensill-linked funds
Credit Suisse has filed five insurance claims related to $1.17 billion. This is in exposure across two of its Greensill-linked supply chain finance funds. They had...
Citigroup profit drops on higher expenses
Citigroup Inc reported a 26% slump in fourth-quarter profit. This is because it took a hit from higher expenses and weakness at its consumer...
Fed rate view brightens European bank stock outlook
European bank shares rose further above a three-year high, boosted by the U.S. Federal Reserve’s signal that it could raise rates faster than expected....
