Reuben Abrams, a former portfolio manager at Singapore sovereign wealth fund GIC, is set to launch a hedge fund by year-end in London, according to a note to clients from BNP Paribas .
Barclays Plc is exploring the sale of a stake in the unit that processes payments for UK merchants as the British bank seeks a partner to help grow the business, four people familiar with the matter told Reuters.
Indian fintech firm Paytm on Monday launched a 'soundbox' device that lets merchants accept both mobile and card payments across networks including Visa , Mastercard , American Express and homegrown RuPay.
The Russian subsidiary of Citigroup Inc said on Monday that it will stop operating cash machines in the country, the last step in the winding up of the lender's retail business in Russia.
Hedge funds ditched short bets against U.S. regional banks as of the end of August and turned bullish on the broader U.S. financial sector, according to a Goldman Sachs note, just as bank stock prices began to rise.
Australian pension funds need to improve how they value private equity, the sector's regulator said on Monday after a review into the sector's treatment of Canva, an Australian technology startup whose lofty valuation tumbled last year.
Italy's Treasury will cut its stake in bailed-out bank Monte dei Paschi di Siena (MPS) in its own time and won't be pressured, Economy Minister Giancarlo Giorgetti said on Sunday.
Britain's Lloyds Banking Group is in talks with the Barclay family and U.S. private equity firm Carlyle over Very Group, an online retailer and financial services provider, the Financial Times reported on Friday.
Cryptocurrency exchange Gemini is trying to rally other creditors behind a plan to wring more money out of bankrupt crypto lending firm Genesis' parent company, Digital Currency Group (DCG), The Information reported on Friday.
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