BridgeInvest, an asset manager focused on financing commercial real estate, wrapped up its fourth private credit fund after collecting more than $670 million for the pool and parallel vehicles. The fund, BridgeInvest Specialty Credit Fund IV, holds more than twice […]
Deutsche Pfandbriefbank (PBBG.DE), opens new tab (PBB), one of Germany’s top property financiers, reported on Wednesday a 74% plunge in second-quarter profit and set aside more money to cover potential bad loans in a weak U.S. office market. The move follows a […]
Scotiabank (BNS.TO), opens new tab is buying a 14.9% stake in American regional lender KeyCorp (KEY.N), opens new tab for $2.8 billion, as the Canadian bank taps into the stressed regional U.S. banking sector for growth outside its saturated home market. KeyCorp shares jumped […]
Global investors funnelled substantial amounts into money market funds in the seven days to Aug. 7 as they rushed for safety amid a surge in market volatility triggered by fears of a U.S. slowdown and a strengthening yen that prompted […]
Cash-strapped Chinese builders Logan Group and KWG Group Holdings are close to signing a private loan to refinance a HK$10.2 billion (US$1.3 billion) facility that backed the development of luxury property The Corniche in Hong Kong, according to people familiar […]
Foreign investors pulled a record amount of money from China in the last quarter, with the second-only fall on record likely reflecting deep pessimism about the world’s second-largest economy. China’s direct investment liabilities in its balance of payments dropped almost […]
Italy’s top insurer Generali (GASI.MI), opens new tab said first-half operating profit was boosted by its life and wealth management businesses, while its non-life segment suffered from the impact of natural disasters. First-half operating income, the profit measure most closely watched by […]
NatWest (NWG.L), opens new tab wants to bolster its lending firepower. To do so it plans to cut deals with investors to offload some of its loan risk, to make its capital go further and preserve dividends, executives told Reuters. The domestically-focused […]
Societe Generale agreed to sell its private banking divisions in the U.K. and Switzerland for around 900 million euros ($982.1 million) and to dispose of its Madagascar subsidiary as it makes progress on its strategy to simplify the business by […]
Panama’s government passed two decrees on Tuesday allowing the economy ministry to seek a cumulative $9 billion in financing, Panama’s council of ministers said in a statement. The first decree permits the issuance of treasury notes on the local market […]
