US-based insurer King Risk Partners has further solidified its national presence through the acquisition of Barker, Beck, Collins & Kronauge Agency (BBC&K), an independent insurance company based in Dayton, Ohio. While the
British insurance unicorn Marshmallow is close to securing a significant capital injection that would value the company at more than £1.5bn, marking a major milestone despite ongoing challenges in the technology funding
The European Central Bank (ECB) is considering removing the term “restrictive” from its monetary policy stance as early as its next meeting in March, according to sources familiar with internal discussions. This
Tether has expressed disappointment over the delisting of its USDT stablecoin from European exchanges following the implementation of the Markets in Crypto-Assets (MiCA) framework. The company criticised what it described as “rushed
The Japanese yen advanced on Thursday after comments from Bank of Japan (BOJ) Deputy Governor Ryozo Himino reinforced market expectations that the central bank will continue raising interest rates in 2025. The
SoftBank Group Corp. is in discussions to invest between $15 billion and $25 billion in OpenAI, a move that could make the Japanese conglomerate the artificial intelligence company’s largest financial backer. This
Deutsche Bank has announced plans to streamline operations by reducing management roles and cutting headcount in the coming years, as rising expenses weigh on its financial performance in the final quarter of
The Bank of Montreal (BMO) has dismissed Doo Sik Lew, a managing director on its US mortgage-backed securities desk, in connection with a regulatory investigation into misleading marketing practices. The disclosure was
The Czech National Bank (CNB) is considering a groundbreaking move to include bitcoin in its reserves, potentially making it the first Western central bank to adopt the cryptocurrency for such a purpose.
European banks are set to report robust profits for the final quarter of 2024, driven by resilient lending margins and strong investment banking revenues. However, analysts are questioning the sustainability of this
