Digital finance firms in Britain will find it tougher to raise funds due to higher interest rates and investor caution after the collapse of U.S.-based technology lender Silicon Valley Bank (SVB), executives told an industry event on Monday.
Norway’s $1.4 trillion sovereign wealth fund, one of the world’s largest investors, plans to put more effort into identifying and divesting from unsound companies after recent turmoil in global banking and other industries.
Top shareholder of HSBC renewed its call for breaking up of the Asia-focused bank on Tuesday, saying the lender has failed to address key business model challenges which has resulted in deterioration in its operating performance.
Credit Suisse will bring forward its first-quarter earnings by three days to April 24, it said on Tuesday, a move that could allow UBS to speak more freely at its earnings the following day.
Major central banks may be deep into their drive to raise interest rates in hopes of killing inflation, but the endgame remains far from clear as price increases prove harder to slow than expected, and analysts caution that financial markets could still break along the way.
Norway’s $1.4 trillion sovereign wealth fund on Tuesday welcomed a government request that it consider investing in unlisted equities and said it will make a recommendation by December.
U.S. hedge fund heavyweight D. E. Shaw is opening two offices in India, the company said on Tuesday, joining rivals Millennium and AQR Capital Management which are also expanding in the country.
