Vintage Investment Partners, an Israeli based global capital platform, said on Thursday it closed a new $200 million growth fund which it will operate in parallel to its other funds.
Italian asset manager Azimut said net inflows in 2023 met the mid-point of its guidance range, and would grow slightly this year when its partnership with UniCredit is set to take off.
Qatar National Bank (QNB), the biggest Gulf bank by assets, on Thursday reported an 8% rise in full-year net profit to 15.5 billion riyals ($4.14 billion), citing a “robust and consistent performance”.
German lender Commerzbank and U.S. company Global Payments announced on Thursday a joint venture to offer digital payment services to small- and medium-sized business customers across Germany.
The Bank of England has fined Wyelands Bank’s former CEO Iain Hunter 118,808 pounds ($151,338) for failing to ensure the lender had adequate systems and controls.
The European Union’s banking watchdog said on Thursday that millions of euros of capital used by BNP Paribas in its safety buffers were ineligible and must be removed, a step the bank flagged last month that it would take.
Spain’s High Court has annulled 91 million euros ($100 million) of fines imposed on four Spanish banks, including Santander and BBVA , for selling interest rate derivatives to customers above market rates.
High in the Swiss Alps, a battle for wealthy clients heated up on Thursday as EFG poached private banking teams from Credit Suisse in two of Switzerland’s most exclusive ski resorts.
U.S. venture capital firm Andreessen Horowitz has backed London-based insurance startup Hyperexponential in a $73 million funding round, the insurance software company said on Thursday.
Morgan Stanley promoted 155 employees to become managing directors this year, fewer than its 2023 cohort of 184, said a person familiar with the situation who declined to be identified discussing personnel matters.
