Nordic peer-to-peer lender Fellow Finance has expanded into payments. The platform is working with payments company Enfuce to develop a Fellow Finance-branded Visa card that can be used on mobile and physically. The virtual card will enable Fellow Finance customers to pay online and in-store using Apple Pay and Google Pay digital wallets. with relevant […]
The firm’s private-equity portfolio far outpaced the S&P 500 during the first quarter.
The bank said it would issue new shares after losses from Archegos Capital Management wiped out a strong first quarter. highlighting the damage caused by the collapse of the investment firm.
Leveraged buyout bids measuring in the double-digit billions. a relative rarity since the financial crisis. have been showing signs of a comeback lately.
The European Union put forward a package of measures that took aim at the patchy data available around sustainable investing. as U.S. banks brace for more ESG regulation at home and abroad.
The stock sales could result in additional losses that go beyond the $4.7 billion hit Credit Suisse disclosed earlier this month from the meltdown of Archegos Capital Management.
John Dabbs and Ryan Nelson are leaving the Swiss bank following a loss tied to the collapse of hedge-fund Archegos Capital Management.
The bank lost $911 million when Archegos Capital Management imploded last month. tarnishing a record-setting quarter.
Credit Suisse’s investment bank is the Swiss lender’s profit engine. But after the Archegos and Greensill meltdowns. it is expected to be scaled back for safety.
Stocks ticked down ahead of a busy week of earnings and economic data. Shares of technology giants have taken back control of the rally in U.S. stocks over the past month.