Banking

Goldman Sachs And Western Union Pull Out Of Russia

Goldman Sachs has said it will close its operations in Russia, becoming the first Wall Street bank to pull out of the country in...

War In Ukraine: World Bank Approves $723m Financial Package

The World Bank has approved $723m (£551m) in loans and grants for Ukraine, as the country fights against a Russian invasion. The bank said it...

Indian Fintech CredAvenue Turns Unicorn With Fresh $137 Million Funding

Debt marketplace CredAvenue, which helps businesses and enterprises secure debt from lenders, has become the fastest Indian fintech startup to join the unicorn club,...

Visa And Mastercard Suspend Russian Operations

Visa, Mastercard, and American Express have announced they will suspend all operations in Russia in protest of its invasion of Ukraine. But Russia's major banks...

World Bank Warns Ukraine War Will Cut Global Growth

The president of the World Bank has told the BBC that the war in Ukraine is a catastrophe for the world which will cut...

In $2.8 Billion Deal, Houghton Mifflin Heads Back to Private Equity Ownership

Eventually, the company’s debt was restructured, and new owners pursued an IPO to recover some of their investments.

Credit Suisse Faces Fresh Scrutiny over Culture After Client Data Leaks

Swiss regulator FINMA has confirmed that it is in contact with the bank over the leaks.

Credit Suisse Chairman Resigns in Wake of Internal Probe

Axel Lehmann will take over the post as chairman.

Indian Fintech Giant Razorpay Valued At $7.5 Billion In $375 Million Funding

Razorpay has more than doubled its valuation to $7.5 billion from $3 billion in April as one of India’s largest fintech giants demonstrates fast...

JPMorgan Hit With $200 Million In Fines For Letting Employees Use WhatsApp To Evade Regulators’ Reach

JPMorgan Chase is paying $200 million in fines to two U.S. banking regulators to settle charges that its Wall Street division allowed employees to...

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