UBS sells $8bn of Credit Suisse assets to Apollo
UBS announced the sale of Credit Suisse’s securitised products business to Apollo Global Management as part of its move to shed non-core assets following its takeover…
March 2024
Google, Apple, Meta targeted by EU Digital Markets Act
European competition regulators announced that Alphabet’s Google, Apple and Meta Platforms will be investigated for potential breaches of the EU’s new Digital Markets Act — potentially leading to big fines…
EU approves AI Act ‘to protect fundamental rights’
The European Parliament has approved its proposed Artificial Intelligence Act — which it said “aims to protect fundamental rights, democracy, the rule of law and…
Europe drives global dividends to record $1.66 trillion
Global company dividends rose to a record $1.66 trillion in 2023, up 5% on an underlying basis, according to the latest Janus Henderson Global Dividend…
Sovereign and corporate bond debt hits $100 trillion
By Mark McSherry The total volume of sovereign and corporate bond debt stood at almost $100 trillion at the end of 2023, similar in size…
Deutsche Börse appoints Leithner new chief executive
The supervisory board of Deutsche Börse AG said it has appointed Stephan Leithner as the company’s new chief executive officer. The 57-year-old will take up…
EU fines Apple €1.8bn over ‘abusive App store rules’
By Mark McSherry The European Commission said it has fined Apple over €1.8 billion “for abusing its dominant position on the market for the distribution…