Blackstone puts in an offer of $1.68 billion for St Modwen

Blackstone puts in an offer of $1.68 billion for St Modwen

By Anna Domanska - May 08, 2021

Blackstone, the private equity firm, is planning to acquire St Modwen Properties, a logistics and housing developer, for £1.2bn ($1.68 billion) in a bid to take advantage of the P

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Credit Suisse loses $5.4 billion in Archegos Capital collapse

Credit Suisse loses $5.4 billion in Archegos Capital collapse

By Anna Domanska - May 04, 2021

Archegos is a family investment firm run by fund manager Bill Hwang, who borrowed billions of dollars from nine global banks to speculate on stocks. The implosion of the fund cause

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Barclays sees triple net profit in latest quarter

Barclays sees triple net profit in latest quarter

By Anna Domanska - May 03, 2021

Barclays PLC logged a stellar performance in its first quarter with net profit almost tripling on the back of a brighter economic outlook for both the UK and US. The stimulation pa

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StanChart posts modest gains; reveals plans to cut branches worldwide

StanChart posts modest gains; reveals plans to cut branches worldwide

By Anna Domanska - Apr 30, 2021

Standard Chartered Bank posted an 18% increase in first-quarter pre-tax profit at $1.4 billion, topping the analyst forecast of $1.08 billion. The banks also said it will slash its

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Deutsche reports highest quarterly profit in 7 years

Deutsche reports highest quarterly profit in 7 years

By Anna Domanska - Apr 29, 2021

Deutsche Bank’s profit in the first quarter of 2021 hit a seven-year high at €1 billion, up from €66 million reported a year earlier. The bank’s profit before tax c

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HSBC profits rise as the global economy begins recovering

HSBC profits rise as the global economy begins recovering

By Christy Gren - Apr 27, 2021

HSBC Holdings Plc. shares jumped 2% after Europe’s largest lender by assets reported a better-than-expected quarterly profit on Tuesday. The Hong Kong-listed bank’s shares trad

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Amex says business travel recovery will take another two years

Amex says business travel recovery will take another two years

By Anna Domanska - Apr 26, 2021

The US consumers are slowly resuming travel and spending on entertainment and eating out, but overall travel spending is still weak and will take some years to bounce back to pre-C

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Emerging markets raise $191 billion in foreign debt markets but outcome may turn risky

Emerging markets raise $191 billion in foreign debt markets but outcome may turn risky

By Anna Domanska - Apr 24, 2021

Investors are warning governments and companies of developing nations against borrowing from overseas markets as the virus is witnessing a resurgence in these countries.  The borr

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Goldman Sachs invests $69 million in fintech Starling

Goldman Sachs invests $69 million in fintech Starling

By Anna Domanska - Apr 19, 2021

Goldman Sachs Growth Equity has invested £50 million ($69 million) in UK digital bank, Starling. The investment is in addition to the bank’s oversubscribed £272 million Ser

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