Former Deutsche Bank co-CEO Anshu Jain dies

Aug 13 (Reuters) – Anshu Jain, a top finance executive best known for helping German lender Deutsche Bank AG (DBKGn.DE) take on the largest Wall Street firms, died overnight on Saturday after a five-year battle with cancer, his family said. He was 59. Jain, who was born in India, spent two decades building Deutsche Bank … Read more

Abu Dhabi’s Chimera buys majority of Egypt’s Beltone Financial

A worker is seen at the headquarters office of Beltone Financial in Cairo, Egypt, October 26, 2015. REUTERS/Amr Abdallah Dalsh/File Photo Register now for FREE unlimited access to Register DUBAI, Aug 9 (Reuters) – Abu Dhabi investment firm Chimera Investment LLC said on Tuesday it has acquired a controlling stake in Egypt’s Beltone Financial … Read more

US consumer watchdog to scrutinize crypto payments, Big Tech moves into finance director

WASHINGTON, July 27 (Reuters) – The top US consumer watchdog plans to scrutinize the use of cryptocurrencies for real-time payments and ramp up oversight of Big Tech companies as they expand into the traditional financial sector, its director told Reuters. The Consumer Financial Protection Bureau (CFPB) will also publish a report this fall on “buy-now, … Read more

Twitter blames Musk, weak ad market for drop in revenue

Printed Twitter logos are seen in this picture illustration taken April 28, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Register now for FREE unlimited access to Register July 22 (Reuters) – Twitter Inc (TWTR.N) on Friday blamed uncertainties related to its $44 billion acquisition by Elon Musk and a weakening digital ad market for a surprise fall … Read more

T-Mobile and Apple to sell small-business connectivity plan

Logo of an Apple store is seen as Apple Inc. reports fourth quarter earnings in Washington, US, January 27, 2022. REUTERS/Joshua Roberts/File Photo Register now for FREE unlimited access to Register July 21 (Reuters) – T -Mobile US Inc (TMUS.O) said on Thursday it was working with Apple Inc (AAPL.O) to offer a mobile … Read more

AutoNation revenue misses as new vehicle sales skid on tight supplies

People look at vehicles for sale on the lot at AutoNation dealership in Cerritos, California December 9, 2015. REUTERS / Mario Anzuoni / Photo Photo Register now for FREE unlimited access to Register July 21 (Reuters) – Top US auto retailer AutoNation Inc (AN.N) on Thursday missed Wall Street estimates for second-quarter revenue, hit … Read more