Japanese technology conglomerate SoftBank Group is seeking a loan of up to 40 billion USD to finance its growing investment in artificial intelligence developer OpenAI, according to reports citing people familiar with the negotiations. The planned borrowing would represent the company’s largest dollar-denominated loan to date and reflects a broader strategy by founder and chief executive Masayoshi Son to deepen…
Citigroup said its board has approved the sale of its Russian subsidiary, AO Citibank, to Renaissance Capital, a Moscow-based investment bank, as the U.S. lender continues to unwind its remaining exposure in the country. The plan was disclosed in an SEC filing and a separate company statement dated December 29, 2025, with Citi indicating the transaction is expected to close…
Federal Reserve Governor Stephen Miran said he expects to remain on the U.S. central bank’s Board of Governors after his term expires if the U.S. Senate has not confirmed a replacement. In an interview on Bloomberg Television, Miran said that if no one is confirmed to take his seat by January 31, 2026, he assumes he will stay. The stance…
Morgan Stanley is increasingly viewed as the leading candidate to win the coveted “lead-left” role on a potential SpaceX initial public offering, according to people familiar with the discussions. A formal selection process is still in progress, and no final decision has been made, the sources said. A small group of major banks is taking part in the so-called “bake-off,”…
The Bank of England lowered its benchmark Bank Rate by 0.25 percentage point on Thursday, Dec. 18, 2025, taking it from 4% to 3.75%. The decision was the first reduction in roughly four months, following a period in which policymakers had kept borrowing costs unchanged after a cut in August 2025. The rate is now at its lowest level since…
Germany’s financial watchdog BaFin has instructed the local arm of Standard Chartered to address organisational shortcomings and maintain an additional capital buffer after supervisors found the bank was not fully compliant in parts of its internal “business organisation.” The measures were announced on Dec. 16, 2025 and follow a supervisory review carried out earlier this year, according to Reuters. The…
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…
