Monday 20 December 2021

Reuters Global Investor: Sherborne Investors takes 16% stake in U.S. firm Navient

Sherborne Investors takes 16% stake in U.S. firm Navient

Sherborne Investors , led by activist investor Edward Bramson, said on Monday one of its funds had built a stake of about 16% in U.S.-based Navient Corp , which provides student loan management services.

ECB's Centeno warns of inflation uncertainty, urges caution

European Central Bank Governing Council member Mario Centeno said on Monday there was "uncertainty" about inflation that required constant monitoring, but that fresh anti-COVID-19 lockdowns in Europe should not lead to price increases.

StanChart fined $61.5 mln for misreporting liquidity position

The Bank of England said on Monday it was fining Standard Chartered 46.55 million pounds ($61.51 million) for misreporting its liquidity position to the regulator and for failings in its controls.

Russia does not expect to be cut off from SWIFT system, VTB CEO says

Russia's financial system would be able to cope even if it was disconnected from the SWIFT global interbank payments system, the head of the country's second-largest lender VTB Bank said on Sunday, but added he did not think such a move was likely.

Credit Suisse senior executive Eric Varvel likely to leave - FT

Eric Varvel, chairman of Credit Suisse's investment bank, is in discussions to leave the company, the Financial Times reported on Thursday, citing people briefed on the matter.

EXCLUSIVE Insurer MetLife postpones U.S. office return to March

U.S. insurer MetLife Inc on Thursday told staff it has pushed back plans for U.S. employees to return to the office to March from Jan. 10 previously, a spokeswoman for the company said.

OFFICIAL HSBC hires Chris Fincken for UK investment bank team

HSBC has hired former Nomura banker Chris Fincken as a managing director in its UK investment banking coverage team, according to an internal memo seen by Reuters on Thursday.

Bank of England raises interest rate to 0.25%

The Bank of England raised its main interest rate to 0.25% on Thursday as inflation pressures mounted in Britain.

Rescued payments firm Finablr cannot delist in London -FCA

Troubled payments company Finablr has been told it cannot delist from the London Stock Exchange without a vote by its shareholders, Britain's Financial Conduct Authority (FCA) said on Thursday.

Schroders in talks to buy stake in green investor Greencoat

British fund manager Schroders said on Thursday it was in advanced talks to buy a significant stake in renewables investment firm Greencoat Capital.

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