BlackRock is close to filing an application for a bitcoin exchange-traded fund (ETF), CoinDesk reported on Thursday, citing a person familiar with the matter.
Bank of America Corp said on Thursday it has committed more than $500 million in equity investments to funds led by minority and women entrepreneurs, more than doubling from its initial commitment of $200 million.
Nationwide Building Society , one of Britain’s largest mortgage lenders, will raise fixed rates on mortgages offered via brokers by up to 0.7 percentage points on Friday, it said in an email to intermediaries.
Deutsche Bank’s revenue at its investment bank division likely dropped by at least 15% in the second quarter from a year earlier, the lender’s finance chief said on Thursday, a bigger drop than analysts have until now expected.
India’s Export-Import Bank plans to step up investments under a government-supported line of credit programme to finance Indian companies looking to access fast-growing African markets, the bank’s top official said, part of a move to expand trade ties.
Odey Asset Management (OAM) is fighting for survival after a media report alleging sexual misconduct by its founder Crispin Odey, one of Britain’s best-known hedge fund managers, prompted its banks and investors sever ties with the firm.
Norway’s $1.4 trillion wealth fund did not discriminate against a senior female employee and will not have to pay her the damages she sought, a court ruled on Thursday.
Goldman Sachs Group is cutting more than 30 banking jobs in Asia, two sources with knowledge of the matter said, as a challenging markets environment weighs on Wall Street banks’ dealmaking and trading revenues.
Goldman Sachs Group Inc’s managing directors were invited to meetings this month to receive an ominous message: take even more painful steps to cut costs, according to four sources familiar with the situation.
World Bank President Ajay Banga wants to focus on improving the development lender so that he can earn the right to press member countries for more capital, as the new chief looks to expand its role in fighting climate change, pandemics and other crises.
