 | | | | China's central bank has accepted Ant Group's application to set up a financial holding company, three people with knowledge of the matter said, a key step in finishing a year-long revamp of Jack Ma's fintech business and reviving its stock market debut. | | | | | | Sequoia Capital's India partners, caught out early this year by governance scandals at startup companies in its portfolio, assured investors at an April meeting in London that these "lowlights" were mostly behind it, according to three people familiar with the discussions. | | | | | | A Tesla Inc shareholder sued the electric car maker, Chief Executive Elon Musk and its board, accusing them of neglecting to tackle complaints about workplace discrimination and harassment, and engendering a "toxic workplace culture." | | | | | | Singapore-based crypto hedge fund Three Arrows Capital failed to meet margin calls this past weekend as cryptocurrency prices slid, according to a report from the Financial Times. | | | | | | Canadian Imperial Bank of Commerce is "comfortable" with the quality of its mortgage book, but is on the lookout for signs of stress, its chief risk officer said on Thursday. | | | | | | Federal Reserve policymakers are less confident than at any time since the height of the pandemic about what will happen with the economy, data published alongside their forecasts and the Fed's hefty three-quarters-of-a-point rate hike this week show. | | | | | | Russia's VTB Bank has the resources it needs to buy bailed out lender Otkritie Bank, the chief executive of state-controlled VTB said on Thursday, even though Russia's second biggest lender has been hit by Western sanctions. | | | | | | Generalfinance said on Thursday it had set a price range of between 7.12 and 7.63 euros per share for its initial public offering (IPO) on the Milan stock exchange, valuing the Italian credit management company at 70-75 million euros before a planned capital increase. | | | | | | Barclays Head of Macro Trading for EMEA and Asia Pacific, Nat Tyce, is leaving after more than 25 years, a staff memo seen by Reuters shows, after transforming the trading unit into one of the bank's highest-flying divisions. | | | | | | Credit Suisse plans to call its $1.5 billion 7.125% high-trigger Tier 1 capital instrument for redemption on July 29, it said on Thursday. | | | | | |
