The biggest U.S. ETF tracking clean energy shares was on track for record annual outflows as a rapid rise in interest rates, surging raw materials costs and supply chain disruptions make the fund less attractive to investors.
State Street’s asset-management arm will give retail investors an option to fully back corporate boards as it brings online features to allow fund shareholders to control their proxy voting rights, executives said.
First International Bank of Israel (FIBI) reported a dip in third-quarter net profit, hurt by a quadrupling of its provisions to protect against future loan defaults due to economic uncertainty during Israel’s war with Hamas militants.
Nomura Holdings said on Wednesday it would reduce risk weighted assets by up to 6% and make additional cost cuts in its wholesale business as the top Japanese investment bank scrambles to shore up its struggling division.
The European Central Bank may need to take on a bigger role in supervising shadow banks as they are now bigger than conventional lenders and may be sitting on elevated risk, the outgoing head of the ECB’s supervision arm told European newspapers.
Turkish lender Denizbank said on Tuesday it had no role in the alleged swindling of Arda Turan, Fernando Muslera and other soccer stars by a former branch manager through a pyramid scheme.
Latin American venture capital firm NXTP has raised $98 million for a fund targeting technology startups largely in Brazil and Mexico, it said on Tuesday.
Latin American fintech Clara has launched a payment account in Brazil that it expects will help it reach 6 billion reais ($1.23 billion) in transactions in 2024, the firm said on Tuesday, as it eyes growth in the region’s largest economy.
Bank of Nova Scotia on Tuesday forecast its earnings will rise “marginally” in 2024, after the Canadian lender missed fourth-quarter profit estimates as uncertain economic climate prompted it to set aside more funds to guard against bad loans.
Britain plans further measures to encourage people to buy shares in an effort to boost economic growth and help convince companies to list in London rather than the United States.
