The Indian arm of global asset manager Invesco has settled charges of mutual fund rules violations with the country’s market regulator, according to a settlement order uploaded on the regulator’s website on Wednesday.
B Riley Financial’s stock rallied 60% and helped its market value cross $1 billion for the first time since November, after the investment bank said on Wednesday that an external review had cleared its executives of misconduct allegations.
Exchange operator CME Group beat first-quarter profit estimates on Wednesday, helped by record growth in futures and options contracts tied to U.S. Treasuries and higher commodity markets trading activity.
Alternative investment company Investcorp has launched a $1 billion fund backed by China’s sovereign wealth fund CIC to invest in companies across Saudi Arabia, the wider Gulf region and China, it said in a statement on Wednesday.
Consumer banking firm Synchrony Financial’s first-quarter profit missed expectations on Wednesday, as reserves tied to its acquisition of Ally Financial’s point-of-sale financing unit drove provisions higher.
Schroders said on Wednesday that CEO Peter Harrison plans to retire next year after eight years in the top role, triggering a search for a successor to lead Britain’s largest standalone fund manager.
India’s central bank said on Wednesday it had barred Kotak Mahindra Bank from taking on new customers via its online and mobile banking channels, and from issuing new credit cards, due to information technology-related deficiencies.
UBS executives on Wednesday told shareholders that the bank has major concerns about the Swiss government’s recently announced plan to hit the country’s largest lender with tougher capital requirements.
New York Community Bancorp will have to lure buyers for its commercial real estate (CRE) loans with steep discounts and diversify its revenue as it races to shore up its finances.
British fintech company Revolut has added nearly 2,000 employees since the start of 2024 and plans to hire 1,500 more by year-end, boosting its workforce by 40% overall, it said in a statement on Wednesday.
