Visa gets Beijing’s green light after 40-year wait to crack China
While Visa gets preliminary approval to enter a USD 143.9 trillion market dominated by UnionPay and mobile wallets, a final licence still remains elusive...
Category : Banking
UniCredit-Commerzbank merger: EU antitrust decision due by November 16
UniCredit's two-year pursuit of acquiring Commerzbank succeeded in July, as the German lender entered into M&A talks with its Italian counterpart...
Goldman CEO David Solomon, top executives set for over USD 500 million in ‘Special Equity Awards’
While Solomon is set to receive over USD 100 million, President John Waldron and three business heads also stand to gain big...
John Waldron edges closer to Goldman CEO’s chair as David Solomon eyes exit by 2028
John Waldron’s Goldman career began in 2000, when he joined the investment bank after working alongside Solomon at Bear Stearns...
UniCredit-Commerzbank merger: Andrea Orcel eyes control, board overhaul ‘within months’
UniCredit plans to call an extraordinary general meeting once it receives the remaining regulatory approvals needed to take control of Commerzbank...
Remove Commerzbank leadership, asks UniCredit as Orcel meets German minister
Bettina Orlopp, the Commerzbank CEO, grabbed the headline for leading the months-long ownership battle over Germany's second-largest bank...
IF Insights: Hong Kong wins back its bankers as listings machine roars again
Hong Kong is luring back finance professionals as IPO proceeds jump 153% and the city overtakes Switzerland as the world's top cross-border wealth hub...
Gulf bank lending hits record USD 2.59 trillion, UAE leads growth
The figure, covering 55 listed GCC banks, was 2.6% higher than in the first quarter and 11.6% above the level a year earlier, according to Kamco Invest...
Goldman opens its new engineering office in Bellevue, to house AI and cloud professionals
The location will also provide Goldman the access to a deep pool of engineering talent and a strong pipeline of graduates from leading universities...
UniCredit-Commerzbank merger: German lender’s Chair calls for review of takeover rules
As per Jens Weidmann, UniCredit's approach raised questions because it had been able to obtain a majority despite making a financially unattractive offer...