 | | | | MetLife Inc is exploring the divestment of its U.S. variable annuity book as it seeks to free up resources to invest in higher-growth parts of its business, people familiar with the matter said. | | | | | | Credit Suisse on Friday downgraded global equities to "benchmark" rating from "overweight", citing the need for the U.S. Federal Reserve to raise interest rates above market expectations amid higher wage growth in the United States. | | | | | | Australia on Friday withdrew a cartel lawsuit against Citigroup Inc , Deutsche Bank AG and four former executives over a $1.8 billion share issue, a stunning retreat from what would have been the country's biggest white-collar criminal trial. | | | | | | Mexican investment platform Flink will begin operating in Colombia in June or July as part of its Latin America expansion plan, Chief Executive Sergio Jimenez said on Thursday. | | | | | | Affirm Holdings Inc on Thursday posted a larger-than-expected loss for the second quarter as the buy now, pay later firm spent more on stock-based compensation following its initial public offering. | | | | | | A former Credit Suisse employee testified on Thursday that she kept the bank's management fully informed of outflows from Bulgarian customers' accounts after authorities in Sofia asked Switzerland for judicial assistance. | | | | | | Credit Suisse's bonus pool fell 32% in 2021, the bank said on Thursday, as the bank slashed regular deferred awards following a string of scandals, but senior bankers' pay was sweetened by a surge in upfront cash and a one-off bonus. | | | | | | Major cryptocurrency exchange Binance will make a $200 million investment in Forbes, the media company said on Thursday, as it prepares to go public via a special purpose acquisition company (SPAC). | | | | | | French buy-now-pay-later (BNPL) platform Alma said on Thursday it had raised 115 million euros ($131 million) in equity funding as it seeks to speed up its expansion in Western Europe. | | | | | | The European Central Bank is telling euro zone banks zone to step up their defences against cyber attacks, also in the context of geopolitical tensions such as the stand-off between Russia and Ukraine, the ECB's top supervisor said on Thursday. | | | | | |
