Carl Icahn-owned investment firm Icahn Enterprises on Friday halved its quarterly payout, months after short-seller Hindenburg Research accused it of operating a "Ponzi-like" structure to pay dividends.
Investors continued to buy stock and bond funds in the week to Wednesday, Bank of America global research said in a report on Friday citing EPFR data, after the previous week's Federal Reserve and European Central Bank policy decisions.
State-owned Monte dei Paschi di Siena sees net income climbing to above 1 billion euros ($1.1 billion) this year, after on Friday becoming the latest Italian bank to post above-forecast earnings with an over tenfold yearly rise in profit.
Barclays and UBS joined BNP Paribas in lowering their Bank of England (BoE) terminal rate forecast, now expecting the central bank's main rate to peak at 5.50% following another quarter-point hike in September.
Singapore's second-biggest lender Oversea-Chinese Banking Corp (OCBC) on Friday posted a 34% rise in second-quarter net profit, in line with estimates, while flagging it expected interest rates to trend lower from 2024.
Chase Coleman's Tiger Global has built a big stake in private equity firm Apollo Global as the hedge fund looks outside of technology investments in a hunt for better returns, the Financial Times reported on Thursday.
The chairman of a U.S. congressional committee on China held out the possibility on Thursday of subpoenas for executives from asset management firm BlackRock and index provider MSCI if they do not provide "fulsome" answers about investments in blacklisted Chinese companies.
Rothschild & Co , the Paris-listed investment bank being taken private by its owners, reported on Thursday a 10% fall in first-half sales, driven by a plunge in dealmaking activity.
Credit Agricole reported strong second quarter results on Friday, lifting its shares, and stepped up its wealth management ambitions by confirming plans to buy Degroof Petercam in a deal valuing the Belgian firm at 1.5 billion euros ($1.64 billion).
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