Barclays is studying options for its global payments activities as a part of broader review into how it allocates resources, two people familiar with the matter told Reuters.
HESTA, one of Australia’s largest pension funds, on Wednesday froze work with PricewaterhouseCoopers (PwC) Australia, the latest fund to blacklist the firm amid a national scandal over its misuse of confidential government tax plans.
Credit repair company PGX Holdings Inc was approved for a $12 million bankruptcy loan on Tuesday, which it will use to auction its assets after the U.S. Consumer Financial Protection Bureau successfully challenged its billing practices.
Lloyds Banking Group is set to launch a 600 million pound ($745.4 million) auction of the Telegraph newspapers and the Spectator magazine within days, amid a row with the brands’ owners, Sky News reported on Tuesday.
U.S. hedge fund Citadel’s flagship portfolio posted a 6.14% return in the first five months of the year and its other portfolios also gained, an investor in the fund said on Tuesday.
Brazil’s central bank abstained from involvement in developing the government’s comprehensive consumer debt renegotiation program unveiled on Monday, two central bank directors said on Tuesday.
Tighter lending standards from regional banks are making it harder for U.S. hotel developers to secure funding, slowing construction of new hotels at a time Americans’ appetite for travel is ripe.
One million people in Mexico have opened savings accounts in Brazilian digital bank Nubank one month after the product’s launch, the company said on Wednesday, with deposits amounting to 1 billion pesos ($58 million).
UBS expects to finalize its agreement with the Swiss government to cover up to 9 billion Swiss francs ($9.92 billion) in losses from its emergency takeover of Credit Suisse by June 7, the Swiss bank said in a regulatory filing published on Tuesday.
