Allianz Global Investors, the insurance company’s money management division, is pushing ahead with plans to raise at least 1.5 billion euros ($1.63 billion) for a new global private credit fund, a spokesperson said, as investors boost exposure to the asset class.
Jio Financial Services (JFS) , part of billionaire Mukesh Ambani-led conglomerate Reliance Industries , is set to be listed on stock exchanges on Aug. 21, according to exchange circulars on Friday.
Italy is the latest European country to hit banks with a windfall tax in a surprise move on their profits, which have been bolstered by interest rate rises, to help mortgage holders.
Wall Street’s top regulator is set next week to adopt new transparency rules for the $20-trillion private investment fund industry, according to an official notice, acting on a proposal that has drawn sharp industry objections.
Shares in Dutch payments processor Adyen NV hit their lowest level in more than three years on Friday, adding to Thursday’s record loss after weak earnings raised concerns about its valuations and a price war grew.
Swiss lender Credit Suisse did not review all available records when it conducted an internal probe into the historical servicing of Nazi clients and Nazi-linked accounts, according to an investigation published by U.S. lawmakers on Thursday.
A fresh bout of U.S. regulatory scrutiny is setting off a hiring spree at Goldman Sachs , Bloomberg News reported on Thursday, citing people with knowledge of the matter.
JPMorgan Chase announced on Thursday the appointment of Khalid Fayez as CEO of JPMorgan Saudi Arabia Company, the firm’s Securities arm in the Kingdom.
Colombian financial conglomerate Grupo Aval on Thursday cut its 2023 loan growth forecast and hiked its cost of risk estimate, a day after it posted a 75% quarterly profit slump as costs of funds rose for its banking subsidiaries.
Hedge funds have slowed their exit from value stocks and small-cap stocks over the past month, as enthusiasm for artificial intelligence has driven up valuations for growth stocks, JPMorgan Chase said in a report released on Wednesday.
