Britain should focus on growing its asset management industry and ignore what is “mostly noise” over a lack of new company listings, the ceremonial head of London’s City financial district said on Thursday.
Jack Dorsey-led Block Inc plans to cut 112 jobs on March 30, the fintech said in a legally mandated notice, as part of its previously disclosed plans to trim headcount and reduce costs, sending shares up over 3% in early trade on Thursday.
B Riley Financial said on Thursday an internal review had found the investment bank had no involvement with or knowledge of any of the alleged misconducts concerning Prophecy Asset Management, sending its shares up 12% before the bell.
Austria’s financial regulator FMA has been investigating Raiffeisen Bank International over anti-money-laundering failures, the Austrian bank said on Thursday in its annual report.
Limited exposure to U.S. commercial real estate (CRE) is giving shareholders hope that Canada’s big banks can weather the storm that has rocked rivals in the United States and Europe.
Argentina must pay nearly 310 million euros ($336 million) in escrow in order to bring an appeal after losing a lawsuit brought by four hedge funds over euro-denominated securities, a London court ruled on Thursday.
Hargreaves Lansdown posted higher half-yearly profit on Thursday, but the investment platform’s shares tumbled more than 8% on concerns around increasing outflows.
Pekao recommended a record-high dividend for 2023 on Thursday as Poland’s second-biggest bank reported a 95% jump in fourth-quarter net profit driven by higher mortgage lending and lower regulatory and provision costs.
Britain’s Jupiter Fund Management reported better-than-expected annual profit on Thursday, helped by firm institutional client demand, and said 2024 had started off on a better note with investors opening up to riskier assets.
Lloyds Banking Group’s full-year profit jumped by 57%, it said on Thursday, despite Britain’s faltering economy and a 450 million pound ($571 million) charge for potential costs from a regulatory review into motor finance.
