Financial Industry News

Financial Services Roundup: Market Talk

Chinese financial firms press on with debt issuance to fund overseas expansion

Chinese financial institutions raised over US$10 billion last year to fund their overseas expansion and boost the yuan's internationalisation in line with Beijing's go-global push, with the trend continuing this year. GF Securities is raising…

Bajaj Finance rallies Thursday, outperforms market

Shares of Bajaj Finance Ltd. 500034 inched up 0.29% to 971.80 Indian rupees Thursday, on what proved to be an all-around rough trading session for the stock market, with the BSE SENSEX Index 1 falling 0.92% to 84,180.96. Bajaj Finance Ltd. closed…

Nigeria's AFCON bonuses issue resolved ahead of Algeria quarter-final, claims finance minister

The issue of Nigerian players not receiving bonuses relating to their participation in Africa Cup of Nations (AFCON) matches has been resolved, according to the country's minister of state finance, Dr Doris Uzoka-Anite. Local media reports on…

Bread Financial Holdings Inc. stock outperforms competitors on strong trading day

Shares of Bread Financial Holdings Inc. BFH rallied 1.59% to $81.25 Thursday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index SPX rising 0.01% to 6,921.46 and the Dow Jones Industrial Average…

Blackstone Eyes $2.6 Billion of Debt to Finance Power Merger

A group of banks led by Barclays Plc is shopping a roughly $2.6 billion debt deal to support Blackstone Inc. 's effort to combine two of its power grid equipment suppliers, according to people with knowledge of the matter. The financing is expected…

Fireblocks acquires Tres Finance to bring financial controls to digital assets

Digital asset custody and infrastructure firm Fireblocks Inc. has acquired Tres Finance Ltd., a leading provider of crypto accounting, reconciliation and financial management suite for digital assets. Fireblocks said Wednesday that for years, the…

Broadridge Financial Solutions Inc. stock outperforms competitors on strong trading day

Shares of Broadridge Financial Solutions Inc. BR rose 1.57% to $222.91 Thursday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index SPX rising 0.01% to 6,921.46 and the Dow Jones Industrial…

MFA Financial Inc. stock underperforms Thursday when compared to competitors despite daily gains

Shares of MFA Financial Inc. MFA rose 1.59% to $9.57 Thursday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average DJIA rising 0.55% to 49,266.11 and the NASDAQ Composite Index COMP…

Saks Global struggles to line up financing as potential bankruptcy filing looms

Luxury retail chain Saks Global is trying to line up bankruptcy financing to pay its bills during a potential Chapter 11 filing, but investors have shown little interest, people familiar with the matter said. Some investors are skeptical Saks can…

Cincinnati Financial Corp. stock underperforms Thursday when compared to competitors despite daily gains

Shares of Cincinnati Financial Corp. CINF advanced 1.32% to $165.19 Thursday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index SPX rising 0.01% to 6,921.46 and the Dow Jones Industrial Average…

Argobio launches Enodia with €20.7 million seed financing to advance a small molecule platform for targeted protein degradation enabled by proteomics and machine learning

Argobio successfully facilitated fundraising and syndication process, following its earlier role in creating and pre-seed funding Enodia Financing co-led by Elaia, Pfizer Ventures and Bpifrance Enodia is the third Argobio-founded company to achieve…

Digital Finance Will Evolve Into 'Foundational Infrastructure Layer' in 2026: Moody's

The technology underlying digital assets will evolve into a “foundational infrastructure layer” for the financial services industry in 2026, according to a new report from rating agency Moody's. Writing in its 2026 Digital Finance…

From the 100 envelope challenge to cash stuffing, 6 financial pros tell us which TikTok money-saving trends actually work

In this trending challenge, envelopes are labeled “1” through “100” and for 100 days, savers put the corresponding dollar amount into each one, amounting to over $5,000 total. It may be a good starter savings activity…

Mediawan Partners With Electric Car Leader BYD to Develop and Finance International Premium Content

BYD, which recently surpassed Tesla as the world's leading electric car supplier, is getting into the content business with Mediawan, the award-winning European studio behind “Adolescence,” “F1: The Movie” and…