Russia’s Central Bank says it has filed a lawsuit in Moscow’s Arbitration Court against Euroclear, the Brussels-based clearing house that holds a large share of Russia’s immobilized assets in Europe. The bank said it is seeking compensation for damages linked to restrictions that prevent it from managing or disposing of assets held through Euroclear. Euroclear declined to comment, and it…
Morgan Stanley has begun sounding out investors on a US $5 billion financing package for Elon Musk’s artificial-intelligence start-up xAI. Two structures are on offer: a floating-rate term loan B sold at 97 cents on the dollar and priced at SOFR + 700 basis points, and an alternative mix of a smaller term loan plus senior secured notes paying a…
Texas and 12 other Republican-led states accuse BlackRock, Vanguard and State Street of using their collective market power, and their public commitment to curb climate risks, to pressure coal producers into shrinking output, allegedly driving up electricity bills and violating U.S. antitrust law. The suit, filed in a federal court in Texas, contends that the three asset-management giants coordinated through…
Goldman Sachs, one of the world’s largest investment banks, has moved quickly to reduce its risk exposure following the latest round of U.S. tariff increases. The decision, announced shortly after President Donald Trump unveiled a series of new tariffs against major U.S. trading partners, reflects the bank’s cautious approach in the face of rising economic uncertainty. President John Waldron, who…
Klarna, the Swedish fintech giant best known for its “buy now, pay later” (BNPL) services, has launched a new debit card in the United States as part of a strategy to broaden its product portfolio and appeal to a wider consumer base. This major move marks Klarna’s ambition to evolve from a pure BNPL provider into a more comprehensive financial…
Japan’s Dai-ichi Life Holdings has taken a significant step in expanding its global reach by purchasing a 15% stake in M&G plc, a leading British financial services firm. The acquisition, valued at just under $1 billion, is one of the largest investments by a Japanese insurer in a UK asset manager and signals growing cross-border cooperation in the sector. Dai-ichi…
Jefferies has made a bold move to strengthen its West Coast technology investment banking presence by hiring four senior bankers from Guggenheim Partners. In a rare hiring spree, the boutique firm is intensifying its competition with Wall Street heavyweights, adding seasoned talent to a team already filled with key players from rival firms. A High-Profile Talent Raid in Silicon Valley…
