Banco Popular’s shareholders and creditors suffered a setback on Wednesday after Europe’s second highest court said they were not entitled to compensation as a result of the bank’s rescue more than six years ago.
Citigroup has made new appointments in Asia Pacific following a sweeping global reorganization the U.S. bank announced on Monday, according to a person with direct knowledge of the matter.
New York-based Avenue Capital Group plans early next year to launch a new fund to invest in so-called environmental impact private credit investments, according to a person familiar with the matter.
Hedge fund crowding has hit its highest on record, as asset managers have upped their bets on the “Magnificent 7” tech stocks that have juiced up portfolio returns this year, Goldman Sachs said in a report on Tuesday.
Citigroup CEO Jane Fraser and top executives announced the next layer of leadership changes as part of a sweeping reorganization on Monday, according to memos to staff seen by Reuters and sources familiar with the situation.
Amundi is considering offering UniCredit better terms to be able to extend a distribution accord that ties the French asset manager to the Italian bank and its biggest foreign market, a person close to the matter said.
Italy is considering candidates to take the helm of state lender Cassa Depositi e Prestiti (CDP), three sources close to the matter told Reuters, as part of a wider shake-up of state-controlled companies.
Deutsche Boerse’s derivatives arm said on Tuesday that it has been building up volume in its Euribor futures contract in Frankfurt as the European Union vies with London for the multi-billion-euro market post Brexit.
