Finance News: Markets, Economy & Global Finance

Fintech team reviewing loan growth data and US expansion map in modern London office

Goldman-Backed Lendable Sets Sights on US Market After Topping UK Banks in Personal Loans

Goldman Sachs-backed consumer credit fintech Lendable has emerged as the largest issuer of new personal loans in the United Kingdom, surpassing every...

Exterior of the Iowa Public Employees' Retirement System (IPERS) headquarters in Des Moines

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Iowa Pension Chief Resigns After Former Risk Officer Alleges Misleading Performance Figures

The chief executive of the Iowa Public Employees’ Retirement System (IPERS) has resigned amid a deepening controversy over how the pension fund...

Empty boardroom with many chairs at Goldman Sachs headquarters in New York City

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Goldman Sachs’ Expanding Management Committee Raises Governance Questions

Goldman Sachs has significantly expanded its management committee in recent years, making it considerably larger than those of its top Wall Street...

Stalled UK housing construction site with idle cranes and a weathered SOLD sign under grey sky

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Housebuilders Pull Back as Iran War Fears and High Interest Rates Chill Demand

Major UK housebuilders are scaling back operations, cutting earnings guidance, and reducing land purchases as the combined pressures of geopolitical instability from...

Two executives in a meeting room discussing pension risk transfer deal documents

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Standard Life and CVC circle the square on defined-benefit pensions

Standard Life and CVC Capital Partners are reportedly exploring a landmark transaction that could reshape the UK’s defined-benefit (DB) pension arena. The...

Exterior of a UniCredit bank branch in a European city, representing the bank's corporate presence and ongoing restructuring.

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UniCredit to Sell Parts of Russian Business, Expects Up to €3.3 Billion Profit Hit

Italian banking group UniCredit has confirmed plans to sell parts of its Russian operations, a move that the bank says will reduce...

Hg Capital Trust headquarters in London, reflecting market uncertainty after portfolio markdowns

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Hg Capital Trust marks down 14 of 20 largest holdings after software sector rout

Hg Capital Trust, the publicly listed vehicle for the European private equity firm Hg, has cut the valuations of 14 of its...

Exterior of a UniCredit bank branch on a cloudy day, representing the bank's European operations.

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UniCredit to Exit Russian Market, Expects Up to €3.3 Billion Profit Hit

Italian banking group UniCredit has confirmed it will sell parts of its Russian business, a move that it expects to reduce its...

Citigroup headquarters building in New York City on a cloudy day

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Citi Shares Dip 3% as New Profit Targets Fall Short of Investor Hopes

Citigroup shares fell 3% in pre-market trading on Tuesday after the Wall Street bank unveiled new medium-term profit targets that failed to...

Exterior of the Lloyd's of London building on a cloudy day in the City of London.

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Lloyd’s of London Weighs Disclosure of Governance Probe Findings

Lloyd’s of London, the centuries-old insurance market, is currently deliberating whether to publicly disclose the findings of an internal investigation into governance...

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