Worldpay launches into Canada

Payment processing company Worldpay has said it plans to raise £890m by listing its shares on the London stock market. The flotation could give the company a market value of nearly £4bn and push it into the FTSE 100 index of the largest UK-listed firms.
©Worldpay

Payments group teams up with local bank to gain domestic licence

Read between lines of Deutsche’s memos

There are several giveaways in CEO John Cryan’s memo to staff

Flag of Puerto Rico at Capitolio, San Juan ID 41750618 © Wangkun Jia | Dreamstime.com Flag of the Commonwealth of Puerto Rico in front of Capitolio, San Juan, Puerto Rico.
©Wangkun Jia/Dreamstime

Puerto Rico creditors make counter offer

Investors seek to avoid haircut while providing debt relief

The dubious allure of cocos for banks

Hybrid securities have the upside of bonds and the downside of equity

MetLife’s Sifi designation challenged

Judge says government assumed ‘worst of the worst of the worst’

Flood Re sets out plan for its own demise

Government body’s mandate intended to last until 2036

Portrait of Peter J Solomon in his office with a carved wooden chief, sculptor unkown, from a factory in Oswego, NY, late 19th century.

Natixis buys 51% stake in Peter J Solomon

French bank looks to tap into US M&A boom

‘Mrs Watanabe’ burnt by Japan Post Bank

New investors suffer as negative rates shatter business model

Economic crisis...Financial Services Authority (FSA) chairman Lord Turner of Ecchinswell leaves Downing Street after a meeting with Prime Minister Gordon Brown.

P2P industry hits back at Turner’s warning

Former regulator accused of conflict of interest

Ingram Pinn illustration - Bridgewater
©Ingram Pinn

Bridgewater is troubled over transparency

Dalio’s method of running his hedge fund seems weird, which reflects badly on dishonesty elsewhere

US redoubles efforts on foreign bribery

DoJ tries carrot and stick to find evidence on executives

Cut up your credit card

The wealthier you are, the more trouble you can get into

Vonovia’s €14bn Deutsche Wohnen bid fails

German landlord unable to win support of rival’s shareholders

HSBC sued over Mexico drug cartel murders

Families of victims claim bank facilitated terrorist incidents

Ricci joins currency exchange as chairman

Former Barclays executive latest banker to turn to fintech

Carlyle starts $200m share buyback

US private equity group buys back its stock as asset sales slow

Lloyd’s of London fears Brexit damage

Leaving the EU ‘not a route to regulatory nirvana’

Credit Suisse chief says sell-off overdone

Thiam says Swiss bank’s balance sheet is strong

Banks join police in anti-fraud task force

May and Carney to launch body targeting financial crime

Crowdfunding and finance companies merge

Combined groups seek to target sophisticated private investors

Deutsche eyes multibillion bond buyback

German bank steps up efforts to shore up tumbling shares

UBS puts salaries on ice as bank shares fall

CFO describes trading conditions as ‘treacherous’

Central banks peer into uncharted waters

The BoJ should not fear cutting interest rates even further

UK banks not yet asked to gauge Brexit impact

Some banks surprised at silence from Prudential Regulation Authority

UK property trusts suffer steep fall

Low oil prices and emerging market weakness curb investment

UK housebuilders: landed gently

Key concern is foreigners buying fewer pricey London pads

Poland’s banks probed on customer fees

Authorities suspect charges have gone up in response to new tax

Restructuring hits UniCredit net profit

Italian bank to offer 12 cents per share dividend but partly as scrip

Swedbank: crying Wolf

Tricky times await the successor to departing chief executive

Investors buy CDS amid bank bond fears

High trading volumes come as poor earnings at Deutsche add to concerns

Deutsche Bank insists it is ‘rock solid’

CEO Cryan and finance minister Schäuble move to allay market fears

The Little Short shows problem for banks

Annuities and banks jostle to star in the credit crunch sequel

Risk parity strategy shows strain

Technique that weathered financial crisis hit by commodity sell-off and lacklustre bonds

Technology ‘unicorns’ stay shy of IPOs

Volatile market conditions add to deterrent effect

Japan: alternating currency

Weakness in dollar and strengthening yen spell trouble for banks

US bank stocks sell-off: five reasons

Lenders lose more than a quarter of market value so far in 2016

Bloomberg urges clarity on climate change

Companies must better explain how they are affected

Japan follows Europe financial stocks rout

Concerns over growth, markets and energy drag down global banks

Banks urged to share customer data

Report calls for information to be accessible to comparison sites

Sir Philip should use code to aid women

UK’s corporate governance code is one tool to help meet targets

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