Banks (Finance)
Citizens Financial Group, a leading financial institution, has entered into a definitive merger agreement to acquire JMP Group, a highly regarded capital markets firm, in an all-cash transaction valued at $149 million. The acquisition is expected to deepen Citizens' expertise in healthcare, technology, financial services, and real estate sectors,
Banks (Finance)
The European Investment Bank has approved a $100 million loan to support Uzbekistan's entrepreneurs affected by the Covid-19 pandemic. The loan will be provided for a period of 15 years with a 5-year grace period and will be issued by three commercial banks in the country. The loan
Banks (Finance)
As the Q2 reporting season heats up, investors are bracing for key earnings releases from top companies like Delta Air Lines, Goldman Sachs, and Boeing. Meanwhile, economic indicators, including the consumer price index and producer price index, will provide insights into rising inflation concerns. Against this backdrop, the Dow Jones
Banks (Finance)
The European Investment Bank and the United Nations Economic Commission for Europe (UNECE) have signed a Memorandum of Understanding (MoU) to promote economic cooperation, cohesion, and support countries in implementing the 2030 Agenda and the Sustainable Development Goals (SDGs). The partnership aims to leverage the strengths of both organizations to
Banks (Finance)
The European Investment Bank (EIB) and Palestine Investment Bank have collaborated to provide a USD 20 million line of credit to support Palestinian small and medium-sized enterprises (SMEs) hit by the Covid-19 pandemic. This initiative is part of the EU-EIB Economic Resilience Initiative (ERI), which aims to promote private sector
Banks (Finance)
The European Investment Bank (EIB) and Palestine Investment Bank have collaborated to provide a USD 20 million line of credit to support Palestinian small and medium-sized enterprises (SMEs) as part of the EU's overall response to the Covid-19 crisis. The operation is a key component of Team Europe&
Banks (Finance)
The European Investment Bank (EIB) and the State Bank of India (SBI) have joined forces to back a new 100 million initiative aimed at accelerating India's green recovery from COVID-19 through sustainable business financing. The Neev Fund II, managed by SBICap Ventures, will invest in small and medium-sized
Banks (Finance)
Warren Buffett's Berkshire Hathaway may be ruing its decision to sell its stakes in Goldman Sachs, JPMorgan, and several other banks as these stocks have rebounded to pre-pandemic levels and are flirting with fresh highs. The renowned investor dumped the banks due to concerns of overexposure to the
Banks (Finance)
Malaysia's foreign exchange (FX) reserves position is expected to improve in the second half of the year as the country's rapid Covid-19 vaccination drive is expected to gather speed, leading to full economic openings and sustained recoveries in capital markets and trade. The improvement in FX
Banks (Finance)
US stocks edged back from record highs on Wednesday, with the S&P 500 index hurt as technology shares lost ground, despite earnings beats by big banks like Goldman Sachs, JP Morgan Chase, and Wells Fargo. The first-quarter trading season began, and Wall Street turned its attention to Coinbase,
Banks (Finance)
SLB Capital Advisors, a new real estate advisory firm, has been launched to focus on sale leaseback and M&A-related real estate transactions. The firm brings a team of experienced investment bankers, real estate, and M&A professionals who have collectively closed over $140 billion of capital markets
Banks (Finance)
The Swiss bank Credit Suisse has been severely impacted by its heavy exposure to the collapsed investment fund Archegos and the supply chain lender Greensill. The bank reported losses of 4.4bn Swiss francs (£3.4bn) related to Archegos, with its investment bank under CEO Brian Chin acting as prime
