Abundant capital pushes M&A valuations to new highs
Global merger and acquisition (M&A) activity in 2022 has recorded a strong start with the number of completed deals valued over $100 million in the…
March 2022
Bank of Ireland Group makes executive changes
Bank of Ireland Group announced that its chief strategy officer Mark Spain has been appointed group chief financial officer and executive director from March 31. Spain…
Heineken, Carlsberg quit Russia, take financial hits
European brewing giants Heineken and Carlsberg said on Monday they will quit Russia as they join the exodus of Western companies leaving Russia following its invasion of…
ECB extends liquidity for non-euro central banks
The European Central Bank announced it has established or extended liquidity lines with central banks in Poland and four other countries to support them in…
BlackRock to manage up to $150bn of AIG assets
Insurance giant American International Group, Inc. (AIG) and BlackRock, the world’s largest asset manager, have announced significant partnerships in which up to $150 billion of…
Deutsche Bank to hire wealth fund veteran Slyngstad
Deutsche Bank has nominated Yngve Slyngstad, the former CEO of Norway’s sovereign wealth fund, to its supervisory board. Slyngstad was CEO of Norges Bank Investment…
China has seen ‘unprecedented’ capital outflow – IIF
China has suffered large and “unprecedented” outflows of capital since Russia invaded Ukraine, according to the Institute of International Finance (IIF). “Something very unusual is happening…
ECB to phase out out easy bank collateral rules
The European Central Bank (ECB) announced on Thursday it will end most of the relaxed bank funding rules it introduced in response to the coronavirus…
Ireland fines BNY Mellon Fund Services €10.8m
The Central Bank of Ireland said it has fined BNY Mellon Fund Services (Ireland) DAC €10.8 million and reprimanded the firm for 16 regulatory breaches between…
Worldwide funds net sales exceeded €1 trillion in Q4
The European Fund and Asset Management Association (EFAMA) has published its International Quarterly Statistical Release on the worldwide investment fund industry, showing that net sales of…
Credit Suisse board shake up; vice chair Schwan exits
Credit Suisse has shaken up its board with moves that include the departure of vice chair and lead independent director Severin Schwan as the Swiss bank…
Intel outlines €80bn EU semiconductor investment
Intel has announced the first phase of its plans to invest as much as €80 billion over the next decade into the semiconductor value chain…
EU approves €2bn more for countries hit by Brexit
The European Commission said it has approved the disbursement of more than €2 billion under the Brexit Adjustment Reserve to a group of 12 member…
ECB turns off money taps amid inflation worries
The European Central Bank (ECB) has accelerated the reduction in its bond-buying monetary stimulus as inflation rises amid the war in Ukraine. The ECB said…
Ireland’s GDP rises 13.5% to €428bn
Ireland’s gross domestic product (GDP) grew 13.5% to €428.3 billion in 2021, driven by a strong upturn in its multinational dominated sectors, according to national…
Russia stocks dropped by MSCI, FTSE Russell
Financial market index providers MSCI and FTSE Russell are to drop Russian equities from their widely-tracked indexes — and the London Stock Exchange is suspending…
Global company dividends hit record $1.47 trillion
Global company dividends rose 16.8% on a headline basis to a record $1.47 trillion in 2021, with mainland European dividends rebounding 36.1% to $229.3 billion, according…