British retail tycoon Mike Ashley’s Frasers Group has withdrawn its London lawsuit against Morgan Stanley over a nearly $1 billion margin call, a spokesperson for the Wall Street bank said on Friday.
HSBC has no current plans to sell more assets, its chairman Mark Tucker said on Friday at the annual shareholder meeting of the bank, which has scaled back its presence in Western markets in recent years as part of a sweeping overhaul.
Credit Agricole SA , France’s second-biggest listed bank, posted a forecast-beating 55% jump in first-quarter net profit on Friday, helped by corporate and investment banking sales that outperformed rivals.
Societe Generale shares fell more than 5% on Friday after the bank’s CFO flagged that net interest income in 2024 from the group’s French retail business would be at the lower end of guidance.
Collapsed U.S. lender SVB Financial Group said on Thursday that an entity affiliated with Pinegrove Capital Partners will acquire its venture capital business, SVB Capital.
Top Australian investment bank Macquarie Group reported its annual profit fell by a third, the sharpest decline in 15 years, as stabilising energy markets hammered its commodities trading unit and it made less money selling green energy assets.
Block lifted its full-year adjusted core earnings forecast on Thursday and revealed plans to add more bitcoin to its balance sheet, as the Jack Dorsey-led firm bets big on the cryptocurrency.
A U.S. Department of Justice (DoJ) investigation into TD Bank is focused on how Chinese drug traffickers and crime groups used the Canada’s second-largest lender to launder their money from fentanyl sales, the Wall Street Journal reported on Thursday.
Hedge fund Exodus Point was up about 2% for the year to the end of March, according to a letter it sent to investors, benefiting from a bond market basis-trade that has regulators worried about financial stability risks.
