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Euro zone banks raised bar for mortgages in third quarter, ECB says

Euro zone banks tightened access to mortgages in the three months to September and expect to continue doing so in the final quarter of the year, a European Central Bank survey showed on Tuesday.

Sumitomo Life plans to boost foreign bond investment without FX hedge, sees limited yen gain risk

Sumitomo Life Insurance plans to step up investment in foreign bonds without currency hedge in the six months to March as it sees limited risk of a stronger yen, a top investment planning official said on Tuesday.

UBS fee bonanza lifts quarterly profit to six-year high

UBS posted its highest quarterly profit since 2015 on Tuesday, as robust trading activity by the world's ultra wealthy led to a 23% surge in fee income.

SPAC linked to Trump social media venture edges lower as short seller targets

Shares of the blank-check acquisition company that plans to publicly list former U.S. President Donald Trump's new social media venture fell on Monday after an eye-watering rally last week, as a short-seller said it was betting against the company.

Blackstone's co-head of hedge fund unit McCormick to leave firm

John McCormick, the co-head of Blackstone Group's $81 billion hedge fund unit, plans to leave the private equity firm in the coming months, a company representative said on Monday.

Activist investor apologizes for breaching settlement agreement with Goedeker

An activist investor who tried to take control of the board at online appliance retailer 1847 Goedeker Inc a few months ago made a rare public apology for having ignored a settlement agreement that he and the company had reached.

UBS sells Spanish wealth management business to Singular Bank

UBS Group has agreed to sell its Spanish wealth management business to Madrid-based Singular Bank, the Swiss bank said on Monday, its second exit from a European market in the past 12 months.

From zero to $12 bln; investors chase Trump stock hype

Donald Trump has united some of his supporters and detractors in buying shares in his new company and hoping to score a big win.

HSBC rides out China property storm with 74% profit jump, $2 bln buyback

HSBC shrugged off concerns about pandemic-related bad loans and property problems in China on Monday with a surprise 74% quarterly profit jump and a $2 billion share buyback.

U.S. Justice Dept launches new discriminatory lending initiative

The U.S. Department of Justice is launching a nationwide initiative to combat discriminatory lending practices, Attorney General Merrick Garland said on Friday.