Tuesday, 12 July 2022

Melio to integrate payments platform with Capital One Business

Melio to integrate payments platform with Capital One Business

Melio, a U.S.-Israeli startup that offers payment tools for small businesses, said on Tuesday it entered into a strategic partnership to integrate its accounts payable platform with Capital One Business.

Monte Paschi CEO sees positive market feedback on $2.5 billion cash call

Monte dei Paschi di Siena (MPS) Chief Executive Luigi Lovaglio said the initial feedback on the Italian bank's new strategic plan was generally positive, with the market perceiving its industrial goals as credible.

CICC investment banking head to take helm at broker Galaxy

Wang Sheng, investment banking head of China International Capital Corp Ltd (CICC) , is set to leave the bank to take over as chief executive of smaller peer China Galaxy Securities, six people with direct knowledge of the matter said.

Temasek expects to slow investments as global economic outlook worsens

Singapore's Temasek Holdings anticipates slowing down its investments due to a deteriorating global economy, after posting a nearly 6% rise in its portfolio value to a record S$403 billion ($286.5 billion) in the year to March 2022.

Temasek reports record portfolio value, sees slowdown in investments

Singapore's Temasek Holdings (TEM.UL) posted a nearly 6% increase in its portfolio value to a record S$403 billion ($286.5 billion) in the year to March 2022, powered by gains in its unlisted companies and Singapore-based firms.

Norway's DNB Q2 beat forecasts on the back of rate hikes

Norway's biggest lender DNB on Tuesday reported quarterly earnings above forecasts, supported by interest rate hikes and strong business activity across Norway which the bank said it expected to continue.

Citron's Left says crypto is a 'complete fraud'

Andrew Left, founder of Citron Research and one of the world's best known short-sellers, on Monday described cryptocurrencies as a "fraud."

Insurer Athora taps former Prudential executive Mike Wells as CEO

Bermuda-based life insurer Athora Holding Ltd on Monday appointed former Prudential Plc top boss Mike Wells as its chief executive officer.

Wells Fargo appoints Kleber Santos chief of consumer lending

Wells Fargo said on Monday that Kleber Santos will take over as the chief of consumer lending effective immediately.

Morgan Stanley names new co-heads of investment banking - memo

Morgan Stanley has named Eli Gross and Simon Smith as the new global co-heads of investment banking, as part of a leadership shakeup at the top of one of Wall Street's most powerful deals advisory group.

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