 | | | | Jefferies Financial Group said on Tuesday it plans to reduce the size of its merchant banking portfolio as part of a restructuring aimed at focusing on its global investment banking business. | | | | | | A decision by banks to change how they invest spare capital is limiting their ability to extend loans to companies with weak balance sheets during the financial market downturn, fund managers and investors said. | | | | | | NatWest has established a new unit in Frankfurt, the bank said on Tuesday, aimed at serving British customers on the continent following Britain's exit from the European Union. | | | | | | Activist fund manager Bluebell Capital Partners is seeking changes to the board at Richemont , Richemont said on Tuesday, Bluebell's first salvo against the Swiss luxury group that makes Cartier jewellery and IWC watches. | | | | | | Swedish lender Swedbank reported a smaller-than-expected net profit for the second quarter on Tuesday, as higher costs and lower trading gains took some of the shine off rising income from mortgages on the back of higher interest rates. | | | | | | Morgan Stanley cut its forecast for India's annual growth to 7.2% for this year, as tighter financial conditions and a slowdown in global trade have pressured major economies around the world. | | | | | | Cryptocurrency lender Celsius Network said bitcoin mining is key to the company's restructuring efforts at a U.S. bankruptcy court hearing on Monday in Manhattan. | | | | | | Apple Inc was sued on Monday in a proposed class action by payment card issuers accusing the iPhone maker of abusing its market power in mobile devices to thwart competition for its Apple Pay mobile wallet. | | | | | | Poland's antimonopoly office has filed charges against five banks it found to have acted against the interests of customers, the watchdog said on Monday. | | | | | | Big U.S. banks say net interest income, a key source of revenue, will continue to grow this year as interest rates rise, helping to buffer their bottom lines against declines in other key areas of the business. | | | | | |
