The Members Exchange (MEMX), a new
would-be bourse backed by major Wall Street firms, said on
Thursday it plans to launch the exchange on July 24 following
the closure of a funding round led by JPMorgan, Goldman
Sachs and Jane Street Capital.
HSBC plans to invest
heavily in its newly combined retail and private banking
business as it targets internationally minded customers in
markets such as China, the United States and Singapore, the
unit's Chief Executive Charlie Nunn told Reuters.
A team from the International
Monetary Fund (IMF) met Lebanese government officials on
Thursday at the start of a visit to advise on how to tackle the
country's crippling financial and economic crisis.
The head of Intesa Sanpaolo
expressed confidence on Thursday that an unsolicited
takeover bid for rival UBI Banca would succeed,
reiterating that the price would not be raised despite a
cautious reception from UBI's board.
Angolan billionaire former first
daughter Isabel dos Santos said on Thursday her companies in
Portugal, where prosecutors seized her bank accounts last week,
still owed local banks 180 million euros ($195 million) after
repaying the bulk of the loans.