By Oliver Hirt and Ariane Luthi ZURICH (Reuters) -UBS has applied for a banking licence in the United States, the Swiss bank said on Monday, underlining its desire to ramp up wealth management in the world’s biggest economy even as regulators at home seek to limit its ambitions abroad. Since taking over Credit Suisse after …
UBS applies for US banking licence in wealth management growth drive Read More »
By Avinash P (Reuters) -London-listed stocks ended flat on Monday as investors paused after a recent rally, while HSBC slipped after the lending giant said its quarterly results will be hit after losing part of a court appeal in Luxembourg. HSBC had fallen as much 2.4% during the session after it said it will report …
By Isla Binnie NEW YORK (Reuters) -Blackstone has appointed a former executive at private markets peer Apollo to head its European corporate private equity business, filling the role after the incumbent was promoted, the world’s biggest alternative asset manager said on Monday. Michele Raba will take charge in a region where Blackstone manages more than …
Blackstone hires former Apollo executive to lead European private equity Read More »
By Yamini Kalia and Iain Withers LONDON (Reuters) -Nelson Peltz’s hedge fund Trian and technology investor General Catalyst have made a takeover offer for Janus Henderson valuing it at $7.2 billion, the London-based money manager said on Monday, as Trian tightens its grip following a five-year activist campaign. Shares in New York-listed Janus Henderson were …
By Susanna Twidale LONDON (Reuters) -Britain is offering a smaller budget for offshore wind in its next auction round to spur investment in renewable power capacity, government documents showed on Monday, with one analyst saying the country will struggle to meet its clean power targets. Documents released on Monday showed the next auction round will …
Britain announces $1.45 billion budget for offshore wind auction Read More »
FRANKFURT (Reuters) -Commerzbank’s supervisory board is investigating whether former CEO Manfred Knof violated his duties by meeting suitor UniCredit’s CEO in September 2024 and not reporting it, a person with knowledge of the matter said on Monday. Commerzbank declined to comment on the internal review, which was first reported by Handelsblatt. At issue is a …
Commerzbank investigating ex-CEO’s meeting with UniCredit chief, source says Read More »
By Valentina Za and Giuseppe Fonte MILAN (Reuters) -The Italian government has approved a major reform of its Testo Unico della Finanza (TUF), the body of laws regulating investment services, financial markets and listed companies, first introduced in 1998. Its aim is to improve the appeal of Italy’s thinning capital markets, encouraging more companies to …
Explainer-What is changing in Italy’s financial markets law? Read More »
(Reuters) -British oilfield services provider Petrofac said on Monday it plans to appoint administrators, potentially putting jobs at risk, after the company lost a major Dutch contract. Petrofac said the administration would be limited to the group’s ultimate holding company only, with operations continuing to trade while it explores restructuring and M&A options with creditors. …
Petrofac files for administration after losing major Dutch wind contract Read More »
By Giuseppe Fonte ROME (Reuters) -Italy’s chronic tax evasion started to rise again four years ago after years of declines, and has been worse than thought, the latest government data showed on Monday. Tax evasion is a politically sensitive issue in Italy. The data mostly covers the period just before Prime Minister Giorgia Meloni took …
Italy’s tax evasion worse than thought, began rising after years of declines Read More »
By Milana Vinn (Reuters) -Thoma Bravo veteran investor Peter Stefanski has joined Nexa Equity as a partner, a move aimed at helping the software-focused private equity firm target more founder-led businesses in AI. Stefanski, who is joining Nexa after 14 years at Thoma Bravo, most recently as a partner on its flagship fund, said he …
Thoma Bravo veteran joins Nexa Equity as partner to boost software investments Read More »
