Canada’s Bank of Nova Scotia on Wednesday forecast double-digit growth in its domestic market and said it intends to bring its productivity ratio to about 50% over the medium-term.
Trend-following and niche hedge funds that trade crypto currencies and insurance-linked assets attracted most new investor money in the first three quarters of 2023, according to a global report by research firm Preqin on Wednesday.
The retail sector could continue to lead U.S. bankruptcies next year due to sticky inflation and high interest rates, but analysts expect easing monetary policy to offer some respite in the second half of 2024.
Goldman Sachs expects a “significant uptick” in trading volumes of blockchain-based assets within the next one or two years, the bank’s global head of digital assets told Reuters.
Pagaya Technologies said on Wednesday it has partnered with auto finance firm Exeter Finance, which intends to use the fintech firm’s credit-decisioning product across its national network of over 13,000 auto dealers.
Private equity firm Bain Capital has sold a stake worth $448 million in Indian private lender Axis Bank in a block trade on Wednesday, according to a term sheet seen by Reuters.
Britain’s payments regulator on Wednesday provisionally proposed a cap on cross-border interchange fees on retailers and other businesses charged by Mastercard and Visa on transactions made between the UK and European single market.
London-based quantitative hedge fund Aspect Capital will soon apply to qualify to set up shop in mainland China to establish onshore fundraising and offer its products, two sources familiar with the matter said.
China’s proposal to drastically raise the bar for investing in private equity (PE) and venture capital (VC) funds is facing backlash from industry players concerned it could wipe out small funds and choke financing to startups struggling in a weak economy.
Pension giant AustralianSuper said on Wednesday it had increased a U.S. private credit mandate with Churchill Asset Management to $1.5 billion as part of plans to triple its exposure to the in-demand asset class.
