University of California's fund manager said on Tuesday it would invest $4 billion in Blackstone's Real Estate Income Trust Inc, barely a month after the asset manager limited withdrawals at one of its REITs after a surge in redemptions.
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.
Global insurers face a testing 2023 as reinsurers hike rates on key business lines by as much as 200% from Jan. 1 and pull back from underwriting risk in Russia, Ukraine and Belarus, reinsurance brokers' reports showed on Tuesday.
Deutsche Bank is on track with its restructuring targets and will retain its forecasts until 2025 despite the risks from the Ukraine war, aggressive inflation and recession, the German lender's finance chief told daily Boersen-Zeitung.
Indian banking system's outstanding credit to the services sector jumped by 21.3% year-on-year in November as compared to 3.2% a year ago, data released by the Reserve Bank of India showed on Friday.
Japanese insurers are expected to maintain marine war insurance, which covers the sinking and requisition of ships due to war in Russian waters for at least three months for liquefied natural gas (LNG) vessels, industry sources said on Friday.
Italian asset gatherer FinecoBank has temporarily given staff an extra two days a month of remote working to help nationwide energy savings efforts and will give employees a net 400 euro ($425) bonus for energy bills.
Indian banks could continue to actively raise funds via debt markets in the January-March quarter as they look to strengthen their capital base and finance credit demand under existing favourable market conditions, analysts and bankers said.
State Bank of India , the country's largest lender, said on Wednesday it will consider approval for raising funds through the issue of infrastructure bonds worth up to 100 billion rupees ($1.21 billion) during fiscal year 2023.
