Mahindra and Mahindra Financial Services said on Wednesday the Reserve Bank of India lifted curbs placed on the company last year that prevented it from using third-party services for loan recovery.
Impactive Capital has nominated four directors to the board of Envestnet Inc , a U.S. vendor of software that helps manage investments, in a push to improve its financial performance, the hedge fund told Reuters on Wednesday.
In 2019, Deutsche Bank set out on a journey to cut dependence on its volatile investment bank and rely instead on more stable businesses that serve companies and retail customers as a way to restore profitability.
D.E. Shaw's largest hedge fund gained 24.7% last year after fees, outperforming average gains for the industry in a high-volatility environment, according to a source familiar with the matter.
The head of Goldman Sachs Group Inc's direct-to-consumer unit, Swati Bhatia, is stepping down from the role, according to an internal note seen by Reuters.
Banks should be more careful about the risks of fraud, legal uncertainty and misleading disclosures by crypto firms, U.S. regulators warned on Tuesday, just two months after the collapse of crypto exchange FTX stunned the financial world.
The U.S. Consumer Financial Protection Bureau (CFPB) on Tuesday recommended that Experian , Equifax and TransUnion change how they respond to consumers after logging almost half a million complaints in a year combined.
Kentucky on Tuesday warned 11 major financial companies, including Citigroup Inc , JPMorgan Chase & Co and BlackRock Inc , of potential divestment over their "boycott" of energy companies.
Blackstone Inc on Tuesday said it had secured a $4 billion investment from the University of California in its unlisted real estate income trust (BREIT) that has been plagued by investor redemptions, after the private equity firm committed $1 billion to backstop the university's returns in the fund.
Credit Suisse announced a series of staff changes on Tuesday following the departure of the co-head of its European investment banking operation, according to internal memos seen by Reuters and confirmed by a company spokesperson.
