David Tovey, who was a BlackRock fund manager until 2021, is part of a team that plans to launch a hedge fund based in London and Zurich in the first quarter of 2024, a source familiar with the matter said on Friday.
A new investor lawsuit is claiming more than 700 million euros ($771.40 million) in damages from accounting firm EY for its role in auditing the books of Wirecard before its collapse in 2020, a shareholder group said.
Sberbank could be an attractive candidate for privatisation, German Gref, CEO of Russia’s biggest bank, said on Friday, as the government looks to stimulate profitability and cut costs at state-owned companies.
Fintech company Revolut’s revenue rose to a record 923 million pounds ($1.1 billion) in 2022, helped by interest income growth, but net profit fell sharply to 6 million pounds, the company said in delayed annual accounts on Friday.
The world’s largest asset management firm BlackRock held partnership talks with U.S.-based private equity firm Warburg Pincus nearly two years ago, the Financial Times reported on Thursday citing at least five people briefed on the matter.
Credicorp, , one of Peru’s biggest financial holding companies, on Thursday announced a slate of top-level management changes, including the appointment of a new chief financial officer who is set to take up the role next July.
Cryptocurrency exchange Coinbase Global secured registration with the French markets regulator on Thursday, as it seeks to expand globally under its Go Deep, Go Broad strategy.
Barclays has signed an agreement with Canary Wharf Group (CWG) to extend the lease on its British headquarters in the financial district until 2039, CWG said on Thursday.
The Verdi labour union is demanding a 15.5% pay rise for around 12,000 employees of Germany’s Deutsche Bank , according to a statement by the union on Thursday.
Generali said on Thursday it expected to book an after-tax gain of around 300 million euros ($329 million) in the fourth quarter of the year after selling its German specialised pension unit to Fosun-backed Frankfurter Leben.
