Barings lawsuit over talent ‘raid’ ups the ante in private credit tussle
A legal brawl between Barings and upstart Corinthia Global Management over “one of the largest corporate raids at an asset…
Commodities startup Abaxx raises cash
Abaxx Technologies Inc, a financial technology startup founded by a former Goldman Sachs Group Inc commodity strategist, is raising fresh…
IRS chief sees workforce topping 100,000 in three years
The US Internal Revenue Service (IRS) commissioner Danny Werfel says that the tax agency will need to boost its workforce…
Trading app Robinhood drops UK margin investing
Trading platform Robinhood has “paused” its plan to lend to UK-based customers to allow them to make leveraged trades pending…
Regulatory sandbox to be developed for fintech solutions
The State Bank of Vietnam has submitted to the government a draft decree on a regulatory sandbox for financial technology…
Global fund is lending near record US$150bil
The International Monetary Fund (IMF) is lending near a record amount to almost 100 countries, evidence of its growing role…
Nippon Steel pledges to move US HQ to Pittsburgh
Nippon Steel would move its US headquarters to Pittsburgh where its acquisition target US Steel is based if the deal…
S. Korea to provide US$315bil in policy loans for carbon emission cut
South Korea’s financial regulator unveiled an ambitious plan yesterday to provide 420 trillion won (US$315bil) in policy loans by 2030…
Vingroup to sell 41.5% stake in Vincom unit
Vietnam’s most prominent private conglomerate Vingroup JSC has agreed to sell a 41.5% stake in Vincom Retail, according to a…