Wall Street banks are looking to start trading private credit loans as they seek to make inroads into the lucrative world of direct lending, a potential first step that could ultimately reshape the largely buy-and-hold market.
Credit Suisse Group AG’s role on a €3 billion ($3.3 billion) initial public offering of private equity-backed skincare group Galderma is under review following the bank’s rescue takeover, people with knowledge of the matter said.
The Czech central bank sought to correct investors’ expectations about when it may start easing monetary policy, calling bets on summer rate cuts “premature.” The koruna gained.
The small-island nation of Vanuatu wants the International Court of Justice to say what countries are obliged to do to cut emissions and help poorer nations cope with climate change.
The yen is making a comeback as a preferred foreign-exchange haven, after banking crises in the US and Switzerland hurt the dollar and franc’s standing as go-to assets for turbulent times.
A judge will decide whether Do Kwon will be extradited to the US or South Korea, Montenegro’s justice minister said, but the Terraform Labs co-founder may first have to serve time in the Balkan state if he’s convicted of traveling on fake documents.
A group of institutional investors who together oversee $11 trillion in assets is placing new limits on the fossil-fuel spending it will tolerate.
Saudi Arabia’s First Mills Co. is planning an initial public offering on the local stock exchange that could value the company at as much as $1 billion, according to people familiar with the matter.
Grupo Financiero Banorte, the largest Mexican-owned bank, is adding 800 jobs as the nation becomes a destination for factories looking to relocate from other far-flung countries to be closer to the US.
Deutsche Bank AG is expanding its consumer and retail practice with the hiring of three bankers from Credit Suisse Group AG and one from Bank of America Corp., according to people familiar with the matter.
