Amazon.com Inc is investing in outside venture capital funds for the first time, saying on Wednesday it planned to hand $150 million to firms that are backing underrepresented founders.
The deputy head of Credit Suisse's Asia-Pacific wealth management business Young Jin Yee has resigned, according to a company memo reviewed by Reuters and confirmed by a spokesperson for the Swiss bank.
Italy favours keeping Anima Holding in domestic hands and could raise the stake in the country's biggest independent asset manager it holds through the national post office Poste Italiane , two people close to the matter said.
HSBC is working with JPMorgan Chase & Co as the UK lender reviews its Canada business for a potential sale, a source familiar with the matter told Reuters on Tuesday.
Argentina's fintech unicorn Uala will invest $150 million over the next 18 months to boost its digital banking business, mainly in Mexico and Colombia, its Chief Executive Pierpaolo Barbieri said in an interview with Reuters.
Billionaire investor Daniel Och, who helped found Sculptor Capital Management, said dealmakers have reached out to gauge interest in a potential strategic transaction that would include replacing management, according to a letter sent on Tuesday.
Ray Dalio, the billionaire investor who built Bridgewater Associates into one of the world's biggest hedge funds, has handed over control of the $150 billion firm to a new generation of investors, the firm said on Tuesday.
The U.S. Treasury will announce on Tuesday that a coalition of private firms and foundations will deposit $1 billion into minority-owned and community development financial institutions to boost their lending firepower in underserved communities.
