BSVC
Funds

Investment manager Lansdowne Partners to buy $1.1 bln CRUX Asset Management – investor letter

LONDON, May 31 (Reuters) – London-based investment manager Lansdowne Partners LLP said on Wednesday it had agreed to acquire the $1.1 billion UK equities manager CRUX Asset Management, subject to regulatory approval, according to an investor letter seen by Reuters. Lansdowne’s purchase, the value of which remains undisclosed, serves as a succession plan for CRUX’s […]

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Crypto

Binance Australia customers seen selling bitcoin at a discount

SINGAPORE, May 30 (Reuters) – Bitcoin prices on the Australian arm of Binance, the world’s largest crypto-currency exchange, were at a 20% discount to rival exchanges on Tuesday, in a sign customers were seeking to exit their positions quickly. The price of the world’s biggest cryptocurrency, bitcoin , was around A$34,000 ($23,062) on Binance Australia, […]

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Investors

Investors in UAE hospital chain Aster eye $300 million India stake sale

Aster investors eye selling 30% stake in India biz Company has appointed investment bank Moelis for the deal Talks come as investors attracted by India healthcare space MUMBAI, May 26 (Reuters) – Investors in Aster DM Healthcare (ATRD.NS) are in talks to sell a 30% stake in the company’s India business for about $300 million, […]

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Finance

Credit Suisse liquidity support from government should be soon repaid – minister

[1/2] The logo of Credit Suisse is pictured on a building in Zurich, Switzerland, April 4, 2023. REUTERS/Pierre Albouy/File Photo ZURICH, May 26 (Reuters) – Credit Suisse (CSGN.S) should soon repay the emergency liquidity that the Swiss government gave the stricken bank to aid its rescue, Finance Minister Karin Keller-Sutter said in an interview published […]

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Finance

Exclusive: HSBC puts global footprint under fresh scrutiny, considers dozen exits

Reviews smaller markets to chase bigger Asian growth Looking to add 2,000 Chinese wealth managers over 2 years LONDON, May 24 (Reuters) – HSBC is reviewing a possible exit from as many as a dozen countries, or one in five of the markets it operates in, to sharpen its focus on Asian expansion, Chief Financial […]

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Finance

Mediobanca makes wealth management push to boost returns

MILAN, May 24 (Reuters) – Mediobanca (MDBI.MI) will embark on a hiring spree to boost its wealth management sales force by a quarter under a new three-year strategy, as it strives to make the division its main growth driver. After hunting for years for a wealth management target and studying a bid for Banca Generali […]

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Loans

Canceled TV deal cuts one loan cord

NEW YORK, May 23 (Reuters Breakingviews) – Banks can tune out one painful summer rerun. Television broadcaster Tegna (TGNA.N) on Tuesday terminated its sale to hedge fund Standard General, letting banks off the hook for $8.2 billion in debt backing the deal. While that clears some of the so-called hung loans weighing on balance sheets, […]

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Crypto

Cryptoverse: Busy bitcoin births new breed of crypto

[1/3] Souvenir tokens representing cryptocurrency Bitcoin plunge into water in this illustration taken May 17, 2022. REUTERS/Dado Ruvic/File Photo May 23 (Reuters) – Things are heating up on the bitcoin blockchain. Daily transactions have rocketed to an all-time high of 682,000 this month, according to data from Glassnode, almost 40% higher than the previous peak […]

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Loans

PacWest shares jump after $2.6 bln real estate loan sale

May 22 (Reuters) – Shares of PacWest Bancorp (PACW.O) jumped on Monday after the troubled regional lender announced that it had agreed to sell $2.6 billion worth of real estate construction loans at a discount in a bid to improve its balance sheet. PacWest’s stock rose nearly 20% on the deal, giving the Los Angeles-based […]

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Finance

Morgan Stanley’s Aussie CEO Gorman transformed bank, deal by deal

[1/2] Morgan Stanley CEO James Gorman is interviewed by Reuters U.S.Finance editor Lananh Nguyen during the Reuters NEXT Newsmaker event in New York City, New York, U.S., December 1, 2022…. Read more NEW YORK, May 19 (Reuters) – When James Gorman made one of the biggest announcements of his career on Friday — that he […]

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