British water company Severn Trent is raising 1 billion pounds ($1.2 billion) in new equity to help finance an investment drive to reduce the release of untreated sewage into rivers and cut leaks from its network of pipes.
Apple staff met with Chinese officials in recent months to discuss concerns over new rules that will restrict the U.S. tech giant from offering many foreign apps currently available on its app store in the country, the Wall Street Journal reported on Friday.
EquiLend Holdings LLC, the securities lending platform owned by 10 of the biggest Wall Street firms, including Goldman Sachs Group Inc and BlackRock Inc , is exploring a sale following settlement of a major collusion lawsuit, people familiar with the matter said.
Credit Suisse expects to make a third quarter loss of about $1.6 billion from reclassifying loans linked to its non-core and legacy businesses, the bank, which is now part of UBS , said on Friday.
Sam Bankman-Fried’s upcoming trial on fraud charges marks a major test for a broader crackdown on white collar crime led by Manhattan’s top federal prosecutor: Damian Williams.
Credit Suisse has shed nearly 13% of its workforce in the past 12 months, underlining the turmoil at the bank that was taken over by cross-town rival UBS in a state-engineered rescue earlier this year.
Shares of Commerzbank were up 11% midday on Friday after the German lender said it was revamping its payout policy for investors, aiming for a return of least 70% of profit for 2024.
