HSBC is planning to recruit about 50 more bankers in its U.S. commercial bank to lend to startup companies, mainly in the technology and healthcare sectors, according to a senior executive.
UBS Global Research said on Monday it now expects the Bank of England to begin easing interest rates, with a 25-basis-point (bps) cut, in August compared to its prior expectation of a cut in May.
GoldenTree Asset Management raised over $1.35 billion for its first pure private credit fund, the firm said in a statement on Monday, getting a strong foothold in a booming market.
Israel Discount Bank on Monday reported a 2% dip in fourth-quarter profit but boosted its dividend payout after slashing it in the previous quarter due to the fallout from Israel’s war with Palestinian Hamas militants.
South African lender Absa Group said on Monday its loan losses will likely remain above its target range in 2024, due to expected elevated first half credit impairments as consumers feel the burden of higher interest rates and inflation.
The Inter-American Development Bank (IDB) approved a $3.5 billion capital increase for IDB Invest, its private sector arm, the bank’s head, Ilan Goldfajn, told an event on Sunday.
A former partner at ValueAct Capital Management, one of Wall Street’s best known activist investment firms, will start his own firm, according to people familiar with the matter, marking one of the most high profile activist firm launches in years.
New York Community Bancorp said on Friday incoming CEO Joseph Otting will receive an annual base salary of $1.25 million and as of March 6 received a one-time option to acquire 15 million shares of the company’s common stock.
Goldman Sachs said on Friday that board member Jessica Uhl is stepping down to focus on her role as president of General Electric’s energy spin-off GE Vernova.
