Citi said on Tuesday it was taking profits on its short Israel shekel basket versus the euro and dollar, citing optimism over a compromise in the government’s judicial overhaul plan.
Nubank, one of Latin America’s biggest fintech companies, announced on Tuesday the launch of personal loans for the Mexican market, aiming to boost its financial services portfolio in the region’s second-largest economy.
U.S. lenders are holding onto large piles of cash as insurance against a slowing economy, continuing deposit outflows and looming tougher liquidity rules that could particularly impact mid-sized banks.
UBS will absorb Credit Suisse’s Securities Research service later this month, wrapping the business into its own research operations, the bank said in a letter seen by Reuters on Tuesday.
Credit Suisse clients withdrawing their money as the bank headed for collapse likely accounts for the first significant balance sheet contraction in a decade for all banks in Switzerland, a report by the Swiss Bankers Association on Tuesday said.
Investors in Britain dumped both stocks and bonds in August as they continued to opt for the safety of cash and money-market funds, according to data from fund network Calastone published on Tuesday.
Higher minimum contributions to pension schemes and turning the regulatory screw would help plug shortfalls in retirement income and reverse shrinkage in Britain’s capital market, think-tank New Financial said in a report on Tuesday.
Australia’s corporate regulator said on Tuesday it was taking Westpac Banking Corp to court over its alleged failure to respond to customers’ financial hardship notices between 2015 and 2022 within the required administrative time frame.
Reuben Abrams, a former portfolio manager at Singapore sovereign wealth fund GIC, is set to launch a hedge fund by year-end in London, according to a note to clients from BNP Paribas .
