BNP Paribas set aside more than half a billion euros in loan provisions on Tuesday as the coronavirus crisis wiped out the French bank’s revenue from equity derivatives trading and knocked a third off its first quarter profit. However, Chief Executive Jean-Laurent...
Norway’s sovereign wealth fund will vote in favour of a resolution committing Barclays to tackling climate change at the bank’s annual general meeting on May 7, instead of a separate shareholder one, the fund said on Friday. The resolution was put forward by the...
Cosmetics maker Coty Inc on Monday said it had agreed to sell a majority of its professional beauty and retail hair businesses, including Wella and Clairol brands, to investment firm KKR in a deal valued at $4.3 billion. Under the deal, the businesses will become a...
A group of lenders led by Morgan Stanley had to use their own money to fund a $1 billion leveraged loan they had agreed to provide for Cornerstone OnDemand Inc.’s acquisition of Saba Software Inc., according to people familiar with the matter. The loan, which was...
The San Antonio Spurs are reportedly looking to sell a minority stake in the team, according to Sportico. The Holt family currently owns the Spurs, having purchased them in 1996 for $76M, only to see the value rise to $1.8B. The news of the potential sale follows a...
