Swiss private equity firm Partners Group announced a revamp on Tuesday that a local finance blog said could lead to 300 jobs being cut by the end of 2024.
Standard Chartered sought on Tuesday to persuade a London court to remove from an investor lawsuit allegations that it broke U.S. sanctions against Iran in a “more widespread and systematic” way than the bank admitted to in a settlement with regulators.
PNC Financial Services’ banking unit said on Tuesday that it had bought a portfolio of capital commitments from Signature Bridge Bank worth $16.6 billion in an agreement with the Federal Deposit Insurance Corp as receiver.
The largest investor in Mediobanca on Tuesday filed its own slate of nominees for the Italian bank’s new board after attempts to find an agreement over the list put forward by Mediobanca’s outgoing board failed.
Private equity firm Carlyle Group plans to pull back from investing in U.S.-based consumer, media and retail companies as it looks to focus on other key sectors such as technology and financial services, according to a person familiar with the matter.
Shares of Discover Financial Services climbed 7% on Monday after the bank agreed to improve its consumer compliance and related corporate governance as part of a consent order with the Federal Deposit Insurance Corp (FDIC).
U.S. private-equity firm KKR said on Monday it has completed the sale of an industrial property portfolio of 5 million square feet (465,000 square meters) for a total aggregate value of over $560 million.
Laurentian Bank on Monday named insider Eric Provost as chief executive with immediate effect, following an IT outage that disrupted online services and just days after ending a strategic review without finding a buyer.
