European Central Bank officials have urged policymakers to remain cautious when adjusting interest rates, as geopolitical tensions linked to the war in Iran continue to shape the economic outlook across the euro area. The warning reflects mounting uncertainty about how rising energy costs could influence inflation and growth in the coming months. ECB Vice-President Luis de Guindos emphasized the importance…
A Strategic Push Into Direct Lending Citigroup has appointed Aashish Dhakad to head North America private credit origination, a role that formalizes the bank’s growing effort to connect its corporate clients with non-bank lenders. The internal memo, seen by Reuters, says Dhakad will join in October 2025 and be based in New York, underscoring Citi’s bid to convert its client…
Profit Beats Forecast As Fees Cushion Market Volatility KKR posted a stronger-than-expected second quarter, with adjusted net income rising 9% to about $1.1 billion, or $1.18 per adjusted share—topping the $1.13 LSEG SmartEstimate. The performance underscored the resilience of the firm’s diversified model amid market unease tied to tariff headlines and choppy risk sentiment. Fee-related earnings (FRE)—a steadier stream built…
JPMorgan Chase is nearing an agreement to take over Apple’s credit card program, known as Apple Card, from Goldman Sachs, according to reports from the Wall Street Journal. The talks, which began in late 2024, represent a pivotal move for Apple as it seeks a new banking partner after Goldman’s decision to exit most of its consumer finance ventures. The…
In a significant legal victory, AXA, a leading French insurer, secured a judgment worth approximately £675 million ($908 million) from a UK court against Santander, one of the world’s largest banks. This ruling, announced on July 25, 2025, stems from a long-running dispute concerning the mis-selling of payment protection insurance (PPI) policies. The case has its origins in the actions…
India has ramped up regulatory scrutiny on major global e-commerce platforms, including Amazon, Walmart’s Flipkart, and Myntra, as authorities seek to enforce longstanding restrictions on foreign investment and marketplace conduct. At the heart of the matter lies India’s policy that prohibits foreign-owned digital retailers from selling goods directly to consumers. Instead, these firms are required to operate as neutral marketplaces…
The social media platform X, owned by Elon Musk, has publicly refused to cooperate with a criminal investigation launched by French authorities, calling the probe a “politically motivated attempt” to suppress freedom of expression. French prosecutors opened the inquiry earlier this month, alleging that X may have engaged in algorithmic manipulation and fraudulent data extraction that could potentially impact public…
