Legal & General has increased the price of its property fund, saying conditions have stabilised since the week in which several similar funds suspended trading.
Santander is ploughing a further $100m (£75.3m) into its venture fund to invest in fintech startups around the world.
A huge payday.
A new round of cuts coming ?
Known for hiring hundreds of people every year.
Goldman Sachs’s fixed-income traders were supposed to take back market share in the second quarter, halting years of declines. That now looks harder, after JPMorgan and Citigroup blew past analysts’ estimates last week.
Deutsche Bank said two investment vehicles of members of the Qatari royal family, which are among its biggest shareholders, increased their stakes in the company after the stock slid.
Britain’s vote to leave the European Union will probably reduce global investment banks’ revenue by about $8bn and could push securities firms to exit some trading businesses, according to a report by the Boston Consulting Group.
Wells Fargo will pay about $397m to acquire a new London headquarters enabling the bank to increase its presence in the U.K. capital, according to two people familiar with the matter who asked not to be named because the details are private.
As hedge fund manager Buford Scott sat at home, watching the TV in shock as it emerged Britain had voted to leave the European Union, his computer-based trading models were quietly boosting his business by 1.5%.
Deutsche Bank promoted Ashley Wilson to a newly created role overseeing stock trading for Europe, the Middle East and Africa, reshuffling an equities business it’s trying to build as it shrinks in other areas.
The German government has denied it is considering injecting billions of euros into beleaguered Deutsche Bank, following reports from a German newspaper it was preparing an emergency rescue package.
Wells Fargo’s CEO John Stumpf, struggling to quell a scandal and demands for management accountability, plans to offer House lawmakers the same apology he gave Senators last week.