UBS resumes selling the bonds at the heart of Credit Suisse controversy
UBS on Wednesday began selling Additional Tier 1 (AT1) bonds — which were at the heart of controversy during its…
UBS shares rise 3% as market focuses on strong underlying profit
UBS shares climbed on Tuesday morning after the Swiss banking giant resoundingly beat expectations for underlying profit. The bank recorded…
Klarna, Europe’s $6.7 billion buy now, pay later firm, sets wheels in motion for eventual IPO
Buy now, pay later firm Klarna has established a holding company in the U.K. that will sit at the top…
Citigroup considers deep job cuts for CEO Jane Fraser’s overhaul, called ‘Project Bora Bora’
When Citigroup CEO Jane Fraser announced in September that her sweeping corporate overhaul would result in an undisclosed number of…
Singapore’s largest bank DBS beats forecast, quarterly profit jumps 17%
Southeast Asia’s largest lender DBS Group reported a 17% jump in third-quarter profit on Monday, benefiting from a high-interest rate…
Goldman Sachs says the Israel-Hamas war could have major implications for Europe’s economy
The Israel-Hamas war could have a significant impact on economic growth and inflation in the euro zone unless energy price…
Deutsche Bank and UniCredit back $4.5 billion insurance startup Wefox with $55 million in fresh funds
Wefox, the $4.5 billion German insurance technology group, has raised $55 million of fresh funding from Deutsche Bank and UniCredit,…
One paycheck not enough: Digital bank Current finds almost half its customers have multiple jobs
The need for second — and often third — incomes is mounting, according to a top digital bank executive. Current…
Bank of England governor says Israel-Hamas conflict poses risks to inflation fight
Bank of England Governor Andrew Bailey said Thursday that the ongoing Israel-Hamas war poses a potential risk to the bank’s efforts to…
Amazon unveils buy now, pay later option from Affirm for small business owners
Amazon is unveiling its first buy now, pay later checkout option for the millions of small business owners who use…
