Finance Updates – Page 23 – Finance Updates

WeLab Raises $220M in Series D to Drive Digital Banking & AI Expansion in Southeast Asia

Asia Firms Depository Credit Intermediation

WeLab raised US$220 million in Series D strat...

The round will fund Southeast Asia expansion,...

WeLab serves 70+ million users and 700+ enter...

Valuation was undisclosed, with prior reports...

AIIB’s HKD & GBP Bond Success Signals Bold Funding Shift & Non-USD Credibility

Global FYI Finance and Insurance

AIIB priced a HKD 4 billion 3-year Sustainabl...

The Wonton format (public HKD via CMU) is gai...

AIIB also issued a GBP 500 million benchmark ...

These deals advance AIIB’s non-USD diversific...

HSBC Weighs Revamp of Singapore Insurance to Refocus on Hong Kong & China

Asia Firms Insurance Carriers

HSBC is reviewing strategic options for its S...

The move fits CEO Georges Elhedery’s push to ...

Singapore remains profitable for HSBC, but Ho...

HSBC says Singapore remains a priority and it...

CredAg CIB Appoints Yang Zhang Head of Cash & Trade Sales for FIs in APAC

Asia Firms Depository Credit Intermediation

Crédit Agricole CIB appointed Yang Zhang as H...

Based in Hong Kong, she will drive originatio...

Zhang brings 16 years of experience, includin...

The hire underscores CA-CIB’s push to expand ...

France’s Financial Sector Rewired: Regulation, Climate Risk & Sovereignty in 2024-25

Global FYI Finance and Insurance

Banque de France says 2024–25 marks a pivot t...

Banks and insurers are benefiting via stronge...

A more settled EU rulebook (CRD6/CRR3, Solven...

Authorities plan cross-sector stress tests an...

Nomura Poaches HSBC Deal-Leader as Europe’s Investment Banking Shifts Away from M&A & ECM

Europe Firms Securities and Commodity Contracts Intermediation and Brokerage

Nomura hired HSBC dealmaker Benjamin Moureaux...

Moureaux previously ran the same coverage at ...

The move capitalises on HSBCs wind-down of MA...

Rival banks are also poaching senior HSBC ban...

Nordic Banks’ Fossil Fuel Financing: Unpacking Net-Zero Deviations & ESG Risks

Europe Risk Depository Credit Intermediation

A Nordic Center for Sustainable Finance repor...

DNB, SEB and Nordea account for roughly 95% o...

SEB disputes the report’s methodology while c...

The controversy lands amid a broader credibil...

Ericsson to Cut ~1,600 Jobs in Sweden in Push for Telecom Cost Efficiency

Europe Firms Communications Equipment Manufacturing

Ericsson plans to cut about 1,600 jobs in Swe...

The move is part of global cost-cutting as te...

Ericsson says it will keep investing in techn...

Swedish authorities have been notified and un...

Sweden’s 2026 Election: How Tax Cuts, Not a Referendum, Are Central to the Political Stakes

Europe Policy Public Administration

Sweden is not holding a formal referendum on ...

The ruling coalition’s 2026 budget includes r...

The government will temporarily cut food VAT ...

The opposition says it may reverse parts of t...

H.I.G. Europe Capital Partners IV Hits €1.6B Close, Signals Surge in Lower-Middle Market Demand

Europe Firms Other Investment Pools and Funds

H.I.G. Capital closed its Europe Capital Part...

The fund targets control investments in compl...

H.I.G. has invested in Europe since 2007, com...

The raise underscores strong LP demand for Eu...