Alternative investment firm Varde Partners has raised nearly $1.5 billion from institutional investors for asset-based lending through its Varde Asset Lending Fund II and related accounts and co-investments, it said on Thursday.
BNP Paribas has told London-based staff it will track their entry-gate swipes against logins to the bank’s computer network to ensure employees meet targets for working from the office, a staff memo seen by Reuters shows.
Italian financial group Unipol Gruppo , owner of the country’s second-largest insurer, has more than doubled its stake in small lender Popolare di Sondrio (BPSO) , in a move that could potentially drive consolidation in the sector.
South Africa recorded foreign direct investment inflows of 53.8 billion rand ($2.8 billion) in the second quarter of 2023, up from inflows of 0.5 billion rand in the first quarter, central bank data showed on Thursday.
South Africa’s Capitec Bank said on Thursday the lender had seen the worst of the impacts of high inflation and elevated interest rates that gnawed at its earnings for the six months ended Aug. 31, sending its shares up over 9% in early trade.
Consecutive interest rate hikes have seriously damaged Russian banks’ prospects, the financial head of Russia’s No. 2 bank VTB said on Thursday, anticipating a sharp drop in the sector’s profits next year after a bumper 2023.
Singapore state investment firm Temasek’s (TEM.UL) wholly owned unit True Light Capital said on Thursday it raised $3.3 billion in its flagship fund that invests in Greater China and has now closed it to new capital.
Shares of Australia’s Washington H Soul Pattinson and Co (WHSP) emerged as one of the top losers on the benchmark after the conglomerate reallocated about A$1 billion ($637 million) in capital away from equity markets.
Chinese regional lender Shengjing Bank said on Wednesday it has agreed to sell a portfolio of assets, including certain loans and investments, among others, for 176 billion yuan ($24.07 billion) to Liaoning Asset Management.
UBS shares fell on Wednesday after a report that the U.S. Department of Justice has stepped up scrutiny into alleged compliance failures that helped Russian clients evade sanctions.
