Sweden’s Essity kicks off sale of majority stake in Hong Kong’s Vinda – sources
HONG KONG, Might 16 (Reuters) – Sweden’s Essity has kicked off the sale course of for its 52% stake in…
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US default might set off recession, Yellen says
WASHINGTON, Could 16 (Reuters) – U.S. Treasury Secretary Janet Yellen on Tuesday warned {that a} default on authorities debt would…
Powell’s legacy examined by inflation, financial institution disaster, new Fed dynamics
WASHINGTON, Might 16 (Reuters) – Federal Reserve Chair Jerome Powell, who navigated a combative White Home and a pandemic in…
JPMorgan opposes class-action standing for Epstein accusers
NEW YORK, Could 12 (Reuters) – JPMorgan Chase & Co (JPM.N) on Friday requested a federal decide to disclaim class-action…
International fairness funds see 4th week of outflows on slowdown worries
Could 12 (Reuters) – International fairness funds witnessed a fourth successive weekly outflow within the week ended Could 10, hit…
Buying and selling platform Tradeweb in talks about US default contingency plans
NEW YORK, Could 12 (Reuters) – Bond buying and selling platform Tradeweb is in talks with shoppers, trade teams and…
CDS committee accepts to listen to query on Credit score Suisse AT1 bonds
NEW YORK, Could 12 (Reuters) – The Credit score Derivatives Determinations Committee (DC) accepted on Friday to look right into…
Hedge funds minimize publicity to financial institution shares in April, information reveals
LONDON, Could 10 (Reuters) – Hedge funds minimize their publicity to monetary shares in April after shopping for discounted equities…
Blackstone, Apollo have been amongst about 20 bidders for SVB’s property
Could 10 (Reuters) – Blackstone Inc (BX.N) and Apollo International Administration (APO.N) have been amongst about 20 bidders for some…
UBS replaces CFO, retains Credit score Suisse’s Koerner in prime workforce
[1/2] A brand of Swiss financial institution UBS is seen in Zurich, Switzerland March 29, 2023. REUTERS/Denis Balibouse ZURICH, Might…