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UniCredit working with GS, JPM as strategic advisers: sources

By bsratescom December 7, 2020December 1, 2020

UniCredit is working with strategic advisers Goldman Sachs and JPMorgan, three people close to the matter said, as it prepares to update its business plan next year and weighs a…

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Business

Commerzbank reshuffle continues with new head of corporate business

By bsratescom December 6, 2020December 1, 2020

Commerzbank appointed a new board member to oversee the German lender’s corporate business on Friday after his predecessor left over differences about the division’s future, the bank said on Friday.…

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Business

Stocks at record high but yields fall, dollar under pressure

By bsratescom December 5, 2020December 1, 2020

Stocks rose across the globe on Friday to close at a fresh high and remained on track for their strongest monthly performance on record but the Nasdaq outperformed on Wall…

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Business

Oil prices post weekly gain ahead of OPEC+ meeting

By bsratescom December 4, 2020December 1, 2020

Oil prices were mixed on Friday but posted a fourth straight week of gains ahead of an OPEC+ meeting early next week. Brent crude January futures rose 38 cents to…

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Business

Airbus re-sells six unwanted jets built for AirAsia

By bsratescom December 3, 2020December 1, 2020

Airbus has found buyers for six aircraft from the A320neo family rejected by one of its main customers, Malaysia’s AirAsia, as it works off a surplus left by the coronavirus…

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Business

GM plans to seek banking charter for auto-lending business: WSJ

By bsratescom December 2, 2020December 1, 2020

General Motors Co is planning to apply for a banking charter that would allow its lending unit to hold deposits and expand its auto-finance business, the Wall Street Journal reported…

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Business

Hyundai, Kia agree to $210 million U.S. auto safety civil penalty

By bsratescom December 1, 2020

Hyundai Motor Co and Kia Motors’ U.S. units on Friday agreed to a record $210 million civil penalty after U.S. auto safety regulators said they failed to recall 1.6 million…

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