Italy’s UniCredit on Tuesday raised 1 billion euros ($1.1 billion) in subordinated, or Tier2, debt, drawing nearly three times that amount in orders as it joined a rush of start-of-the-year debt issuance.
Franklin Templeton’s unit Lexington Partners said on Tuesday it had raised $22.7 billion for its latest global secondary fund, reinforcing the investment firm’s bets on a fast-growing corner of the private equity industry.
UBS raised its 2024 target for benchmark European Stoxx 600 to 450 points on Tuesday, from 410 expected earlier, but is still about 6% down from the index’s current level.
Jupiter Fund Management’s shares slid 12% on Tuesday after it flagged net outflows of 2.2 billion pounds ($2.8 billion) for 2023, more than previously anticipated, and the departure of star manager Ben Whitmore this summer.
The Swiss National Bank posted an annual loss of 3 billion Swiss francs ($3.54 billion) for 2023 on Tuesday, as a result of interest rate hikes designed to combat inflation.
India’s Bandhan Bank said on Tuesday that the National Credit Guarantee Trustee Company (NCGTC) has decided to undertake an audit of loan claims filed by the lender under a guarantee scheme.
Jefferies Financial Group reported a smaller-than-expected fourth-quarter profit on Monday, as lingering economic uncertainty kept dealmaking in check, sending its shares down more than 3% in extended trading.
Activist investors are expected to launch more and bolder campaigns for change among European companies in the year ahead, advisers told Reuters, after a record number in 2023.
U.S. regional banks have a tougher road to growing profits in 2024 as they face pressure to pay more to depositors versus larger peers while demand from borrowers stays subdued.
