Funds set up by the African Export-Import Bank (Afrexim) have more than $450 million to invest in financial services, creative industries, oil refineries and healthcare, officials said on Wednesday.
Citigroup hired Richard Weintraub from UBS to head its wealth management group catering to family offices in the Americas, according to a memo seen by Reuters.
Swiss financial regulator FINMA said on Wednesday it plans to carry out 40 reviews of UBS and two stress tests this year on the bank after its 2023 takeover of rival Credit Suisse heightened concerns about “too big to fail” lenders.
Lloyds Bank will become the main “card aquiring partner” for British payments company PayPoint Group, as part of an expanded partnership expected to launch fully in the third quarter of the year, PayPoint said in a statement on Wednesday.
Prudential , on Wednesday declared a cash dividend for 2023 and reported an 8% rise in its annual operating profit, as upbeat policy sales across its key markets in Asia and Africa propelled the insurer’s revenue growth.
Malaysia’s central bank on Wednesday called for an acceleration of structural reforms to ensure long-term sustainable economic strength and support for the ringgit currency.
Citigroup has sold its non-U.S. consumer businesses in nine out of 14 regions and “substantially wound down” three more, as the lender undergoes its biggest overhaul in more than two decades to simplify its business and boost profitability.
JPMorgan Chase has created a new sports-focused investment banking team as the Wall Street bank seeks to tap an increasingly lucrative industry, according to an internal memo seen by Reuters on Tuesday.
U.S. Bank NA and Oppenheimer & Co have agreed to pay fines to settle charges from the U.S. Commodity Futures Trading Commision over use of unapproved communications channels, the regulator said on Tuesday.
Angola will pay up to $200 million less each month to service its loans with China Development Bank (CDB), its biggest Chinese creditor, a minister said at the conclusion of a visit to China.
