Latin American venture capital firm NXTP has raised $98 million for a fund targeting technology startups largely in Brazil and Mexico, it said on Tuesday.
Latin American fintech Clara has launched a payment account in Brazil that it expects will help it reach 6 billion reais ($1.23 billion) in transactions in 2024, the firm said on Tuesday, as it eyes growth in the region’s largest economy.
Bank of Nova Scotia on Tuesday forecast its earnings will rise “marginally” in 2024, after the Canadian lender missed fourth-quarter profit estimates as a murky economic climate prompted it to set aside more funds to guard against bad loans.
Britain plans further measures to encourage people to buy shares in an effort to boost economic growth and help convince companies to list in London rather than the United States.
UBS Chairman Colm Kelleher has called for the Swiss financial industry regulator FINMA to be given more powers after the downfall of Credit Suisse showed the authority lacked sufficient “teeth.”
Bank of Japan Governor Kazuo Ueda got a pay hike of 1.1% this year, the biggest the central bank offered its governor in nine years but not enough to offset the pace of inflation that is currently running at nearly 3%, BOJ data showed on Tuesday.
Norway’s $1.5 trillion sovereign wealth fund, the world’s largest, should include private equity investments in its portfolio, allocating up to $70 billion, the country’s central bank recommended on Tuesday.
HSBC Holdings has hired UBS Group banker Gautam Anand as the global coordinator for affluent Indian clients across the Middle East, North Africa and Europe, according to an internal memo seen by Reuters on Tuesday.
The Turkish Central Bank’s total reserves rose $2 billion last week to a record of $136.5 billion, five bankers’ calculations showed on Tuesday, sustaining an uptrend after it adopted more orthodox monetary policy since June.
A team of bankers focused on healthcare at Citigroup has left for rival Jefferies Financial after the firm’s executives mulled closing the municipal banking department altogether, Bloomberg News reported on Monday.
