Latest News for: Investor private banking


Foreign currency deposits plunge in Russia

Russia Today 29 Nov 2023
“A shift from foreign currencies in deposits is happening partly due to the withdrawal from ‘toxic’ currencies into the ruble, partly due to the transfer to the yuan, and partly due to transfers of currency to accounts and deposits in foreign banks,” said managing director at Gazprombank Private Banking, Egor Suslov.

Legal Cannabis Market size is set to grow by USD 54.57 billion from 2022-2027 | ...

Longview News-Journal 29 Nov 2023
Major challenges hindering the market growthLack of funding and investment due to reluctance from banks and financial institutions in the US and Canada, forcing companies to seek private sector investors at higher interest rates.Limited opportunities for foreign investment in ...

Embattled Grand Rapids developer goes north with two new projects

Grand Rapids Business Journal 29 Nov 2023
The roughly $11 million Spillway Lodges is being funded by undisclosed private investors, as well as a loan from Honor Bank, Oswalt said. Bellaire Lofts is expected to cost $17.3 million and is being funded through a combination of undisclosed private investment, debt financing ...

Private credit to see best opportunities since '08 crisis in coming years -PIMCO

Reuters 28 Nov 2023
bond giant Pacific Investment Management Company (PIMCO) said on Monday it expects the next few years to provide the best opportunities for private credit investors since the global financial crisis ... "As private credit investors, this is the environment we’ve been waiting for," portfolio managers at PIMCO said in a note.

Norway wealth fund could invest $70 bln in private equity

Reuters 28 Nov 2023
Some 3-5% of the fund's assets could gradually be moved to private equity funds, equivalent to between $40 billion-$70 billion, the central bank said in a statement ... By way of comparison, the ten largest investors in private equity had an average of $80 billion invested at the end of 2022, Norges Bank said.

Xi’s big push to reverse China’s massive capital flight

Asiatimes 28 Nov 2023
Xi Jinping’s first public visit to Shanghai in three years signals a new effort to boost China’s private sector ... The Zhongzhi Group shadow bank is on the verge of collapse ... Now, Beijing will encourage banks, insurance companies, pension funds, public funds, and other institutional investors to allocate capital to private enterprises.

Allianz and Dutch development bank back $1.1 bln sustainable loans fund

Reuters 28 Nov 2023
LONDON, Nov 28 (Reuters) - Allianz Global Investors and Dutch development bank FMO have agreed one of the largest "blended finance" funds on record, raising $1.1 billion to invest in loans that help emerging and frontier countries meet sustainable development targets.

Presenting Companies Announced for the 2024 ICR Conference

Hastings Tribune 28 Nov 2023
... teams of more than 250 premier public and private growth companies, institutional investors, sell-side research analysts, private equity professionals, sponsoring investment banks and select media each year, to network, discuss industry trends and share their strategies.

HCM City speeds up relocation of houses along canals

Vietnam News 28 Nov 2023
  ... "The city’s state budget is limited, and it is difficult to call for private investment as the project could not guarantee investors large benefits and therefore, they are not interested," he added ... He also proposed the city allow private investors to use part of the canal bank for their business to make the project more attractive ... .

Remarks by Vice President Harris at the Congressional Hispanic Caucus “On the Road” Event Series ...

The White House 28 Nov 2023
And you are leading this administration’s work to partner with private sector to support minority-owned businesses ... I also got, to your point, private sector investors, including some of the big banks and Google, to put private money into the community banks, also to invest in that, so that we can increase the investment in small businesses.

Star Mountain Closes $1.2 Billion Direct Lending Fund IV Above Target

The Eagle-Tribune 27 Nov 2023
Its investors include public pensions, private pensions, insurance companies, commercial banks, asset managers, endowments, foundations, family offices, RIA/wealth management firms and high-net-worth individuals ... FINANCE CONSULTING PUBLIC RELATIONS/INVESTOR RELATIONS BANKING ...

India's True North raises $120 mln for credit fund

Reuters 27 Nov 2023
The fund raise comes at a time when a growing number of Indian investors are expanding their private credit business, in a move to fill a void left by banks and non-bank lenders and mirroring a pick-up in activity across Asia. Private credit funds typically invest in debt or hybrid securities of unrated and lower-rated companies.

The costs of delay on climate change are rising — we must act now

The Hill 27 Nov 2023
... stronger international finance and private-sector engagement ... At COP28, policymakers, multilateral banks, investors and the private sector must start to deliver the necessary finance to insulate low-income vulnerable countries and disadvantaged groups from climate impacts.

DBS seeks private credit foothold by originating deals

The Gulf Time 26 Nov 2023
DBS Group Holdings Ltd is looking to cash in on the boom in private credit by originating and distributing deals, according to the global head of fixed income at Southeast Asia’s largest bank ... Given the very different risk profile of depositors and private credit investors, “the bank can come in at a more senior level.

Investec launches new trading app

Independent online (SA) 25 Nov 2023
Investec Bank Limited CEO Richard Wainwright said following the boom in self-directed investing during the pandemic, Investec identified a need to empower a new breed of retail investor who wanted to trade online and in real-time ... “The initial rollout to Private Banking clients ...