Former US Treasury Secretary Steven Mnuchin and SoftBank Group Corp.’s Vision Fund are in talks to broker a deal aimed at salvaging Cybereason Inc., a once-promising cybersecurity company that has struggled with internal turmoil and a steep decline in value. According to sources familiar
Citigroup has encountered a significant operational issue, as it was reported that
Royal Bank of Canada (RBC) posted stronger-than-expected earnings for its fiscal first
Three of Canada’s big five banks—Royal Bank of Canada (RBC), TD Bank,
Bank of America Corp.’s head of Asia Pacific equity capital markets syndicate,
China is set to begin re-capitalizing several of its largest banks in the coming months,
Matthew Greenberger, Citigroup Inc.’s global head of real estate, gaming, and lodging, has left the
India’s central bank, the Reserve Bank of India (RBI), has opened discussions on the potential
On February 21, 2025, Franklin Templeton, a leading global asset management firm, submitted a filing
Nomura Asset Management is consolidating its Japan-focused equity funds, effectively merging its underperforming Nomura Japan
China’s efforts to inject liquidity into its financial system have failed to relieve the ongoing
Four leading global banks have agreed to pay over £100 million ($127 million) in fines
In Washington, D.C., a renewed clash is emerging between pharmaceutical companies and pharmacy benefit managers
At the Consensus Hong Kong event on February 19, Zak Folkman, co-founder of World Liberty Financial (WLF), expressed his desire to bring back the initial coin offerings (ICOs) model, emphasising the need
Shares of United Overseas Bank (UOB) soared to a record high on Wednesday after the bank reported a 9% rise in its fourth-quarter net profit, which exceeded expectations, and unveiled a significant S$3 billion ($2.24 billion) capital return plan for
HSBC’s 2024 financial report reveals a 3% decline in its global workforce as the bank focuses on cost-cutting measures and major restructuring initiatives under
Catastrophe bonds (cat bonds) have been consistently outperforming high-yield debt markets, and now, these high-return investments are about to be more accessible to a
Diamondback Energy announced on Tuesday that it has agreed to acquire certain units of energy producer Double Eagle, backed by EnCap Investments, in a cash-and-stock deal valued at approximately $4.08 billion. This acquisition is part of Diamondback’s strategy to bolster its footprint in the
Australian insurance stocks suffered significant losses on Monday after Peter Dutton, leader of the Liberal Party, threatened to break up the country’s major insurers, accusing them of exploiting consumers. The statement comes ahead of Australia’s federal elections, which are expected by May. In an
The Bank of Japan (BOJ) is poised to complete the sale of millions of dollars’ worth of stocks purchased from troubled banks during the financial crisis much earlier than previously planned. According to the latest data, the central bank’s holdings of these stocks stood
A sharp increase in insurance sales in Taiwan is raising concerns about potential capital outflows, which could drag the local currency, the Taiwan dollar, to levels not seen since the global financial crisis in 2009. Sales of insurance policies in Taiwan surged to over
Swiss Life, a leading financial services provider based in Switzerland, has announced the acquisition of ZWEI Wealth, a wealth management advisory firm. The deal, which is effective immediately, aims to enhance Swiss
Novo Banco SA, a Portuguese bank majority-owned by US private equity firm Lone Star, has initiated steps for its long-awaited initial public offering (IPO). The bank has selected Bank of America Corp.,
The Bangko Sentral ng Pilipinas (BSP) surprised markets by keeping its interest rates unchanged after three consecutive rate cuts, citing heightened uncertainty surrounding US trade policies. The Monetary Board of the BSP
Chile’s central bank adopted a more hawkish stance in its latest meeting, emphasising its commitment to controlling inflation and ensuring it reaches the target. In the minutes of its January 28 meeting,
CVS Health surpassed Wall Street’s profit expectations despite challenges from rising costs in its insurance division. The company reported earnings of $1.64 billion, or $1.30 per share, for the quarter ending December
Cybereason Inc.’s CEO, Eric Gan, has filed a lawsuit against two major investors—former Treasury Secretary Steven Mnuchin and the SoftBank Vision Fund (SVF)—alleging that their rejection of critical financing proposals is pushing
U.S. President Donald Trump’s 25% tariffs on steel and aluminium pushed gold prices to record highs amid concerns over escalating trade conflicts and inflationary pressures. While some countries held out hope for
Hungary’s MET Gas and Energy Marketing will step in to supply gas to Moldova’s breakaway pro-Russian region of Transnistria, after the enclave rejected further European Union (EU) assistance. This decision comes after
Toronto-Dominion Bank (TD) is set to raise approximately $14 billion through the sale of its entire stake in Charles Schwab Corp., as part of a strategic corporate overhaul following a historic U.S.
Europe’s financial sector must start preparing for the potential risks posed by quantum computers, which could break current encryption methods that protect sensitive data, a Europol-led body warned on Friday. The group, formed to address this emerging threat, urged financial
The Governor of India’s central bank, Sanjay Malhotra, issued a strong warning on Friday regarding the rising instances of fraud in digital payments, urging
The Bank of England’s (BOE) Monetary Policy Committee (MPC) has reduced interest rates to a 19-month low, lowering its benchmark rate by 25 basis
A consortium proposing to take Seven & i Holdings Co. private has enlisted Citigroup Inc. and Bank of America Corp. for financing, adding to