Deutsche Bank expects the British currency to strengthen to 1.28 per dollar by the year-end as the global backdrop improves and domestic vulnerabilities reduce.
New cross-border corporate tax rules could yield about a quarter of a trillion dollars in extra revenue for governments, more than previously expected, the Organisation for Economic Cooperation and Development estimated on Wednesday.
Financial technology firm Pagaya Technologies Ltd said on Wednesday it was laying off nearly 20% of its employees across its offices in the United States and Israel.
Morgan Stanley said on Wednesday it had promoted 184 executives to the role of managing directors, less than the 199 a year earlier, after a challenging 2022 for the investment bank in which profit plunged nearly 28%.
Semafor is planning to buy out FTX founder Sam Bankman-Fried's roughly $10 million investment in the news startup, the New York Times reported on Wednesday, citing the company's chief executive officer.
UBS Chairman Colm Kelleher said traditional finance firms were "systemically safe" after years of increased regulation, but guardians of global financial markets had further to go to eradicate the risks posed by the non-banking sector.
Italian asset manager Azimut said on Wednesday that it expects 2022 net inflows of 8.5 billion euros ($9.23 billion) this year, beating its previous guidance, and of 6-8 billion euros in 2023.
Entain said on Wednesday it would speed up its plans to exit a number of unregulated markets by the end of the year, as the British gambling firm aims to fully focus on nationally regulated markets.
UniCredit Chief Executive Andrea Orcel on Wednesday did not rule out the Italian bank reassessing a potential acquisition of Monte dei Paschi di Siena in the future, after talks collapsed in 2021.
