Keywords: Finance


Mercedes inks deal with BNP to sell leasing business

Mercedes-Benz has finalized an agreement to sell its leasing subsidiary Athlon to French banking group BNP Paribas, marking a strategic move to streamline its financial operations and strengthen liquidity. The German automotive manufacturer confirmed that the transaction was signed in April and is expected......

Citi appoints Barclays’ James Potts to lead shareholder advisory unit

Citigroup has appointed James Potts, a senior executive from Barclays, to head its shareholder advisory and activism defense division, according to an internal memo reported on Tuesday. The move highlights ongoing competition among global banks to strengthen advisory services related to shareholder......

Securitas reports weaker first-quarter results amid currency pressures

Swedish security services provider Securitas has reported first-quarter results that fell short of market expectations, largely due to unfavorable currency exchange movements. The company, which operates across dozens of countries, generates a significant portion of its revenue outside its home market.......

Canada launches sovereign wealth fund to boost long-term investment

Canada has announced the creation of its first sovereign wealth fund, marking a significant step in the country’s long-term economic strategy. Prime Minister Mark Carney said the fund will begin with an initial capital of C$25 billion and focus on financing major domestic projects. The initiative,......

MobiKwik secures central bank approval for NBFC licence in India

India’s fintech sector continues to expand as MobiKwik has received approval from the Reserve Bank of India to operate as a non-banking financial company (NBFC). The announcement, made by its parent firm One MobiKwik Systems, marks a significant milestone in the company’s evolution from a......

Commerzbank plans further job cuts amid updated strategy

The German lender Commerzbank is reportedly preparing additional job cuts as part of an updated strategic plan, according to media reports, while facing renewed takeover pressure from Italy’s UniCredit. The financial newspaper Handelsblatt reported that the scale of the planned workforce reductions......

Swedish supreme court acquits former Swedbank CEO in money laundering case

Supreme Court of Sweden has acquitted Birgitte Bonnesen, the former chief executive of Swedbank, in a high-profile case linked to the bank’s anti-money laundering practices. The ruling overturns a previous conviction issued by a lower court, which had found Bonnesen guilty of providing misleading......

South Korea and United States agree that excessive won volatility is undesirable

South Korea and the United States have agreed that excessive volatility in the Korean won is undesirable and that both countries will continue close consultations on foreign exchange market developments, according to Seoul’s finance ministry. The agreement was reached during a meeting between......

Crypto platforms outpace banks in adopting autonomous AI agents

Cryptocurrency platforms are deploying autonomous artificial intelligence agents faster than traditional financial institutions, as continuous trading infrastructure accelerates automation across digital asset markets. A recent case study highlights how always-on systems in crypto enable a shift from......