Britain said on Wednesday it would start work on setting up new rules specially designed to prevent a big insurance company collapse from crashing the financial system.
Freddie Neave has lowered the risk profile of Crispin Odey's flagship fund, which he took over the management of in June, according to an investor letter seen by Reuters on Wednesday.
Private equity firm Carlyle Group Inc reported on Wednesday that its second quarter distributable earnings fell 26% year-on-year due to a slump in asset sales, although the result still exceeded analyst expectations.
The lightning-fast collapse of Silicon Valley Bank this spring laid bare an inconvenient truth: Some U.S. banks are not prepared to borrow from the Federal Reserve if they need to, and a Reuters analysis shows that problem is most acute among the nation's smallest banks.
U.S. venture capital giant Sequoia plans to split off its Chinese and Indian/Southeast Asian businesses into two independent firms, it said on Tuesday, as it tries to better navigate economic and geopolitical challenges.
British bank Virgin Money laid out plans on Wednesday for 175 million pound ($223 million) in share buybacks in its 2023 financial year, after reporting margins had broadly held up despite pressure in its mortgage business.
A senior Goldman Sachs executive, who oversaw the firm's office that manages the wealth of its partners and senior executives, is leaving the company after two decades, according to an internal memo seen by Reuters.
HSBC Holdings raised its key profitability target and announced a fresh $2 billion share buyback on Tuesday, as rising central bank interest rates worldwide helped it more than double its income for the first half of the year.
Insurer Assurant Inc sailed past Wall Street estimates for profit in the second quarter on Tuesday, on the back of growth in its global housing unit and higher investment income.
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