Edmond de Rothschild to open Saudi office and launch debt platform

 Edmond de Rothschild Group, a specialist in asset management and private banking, is set to open an office in Saudi Arabia this year and launch a platform to provide debt finance for infrastructure projects there, the Swiss bank said on Thursday. The platform could help Saudi Arabia with its vast Vision 2030 plan which aims […]

Starling hikes loan loss provisions on ‘pessimistic’ UK outlook

Starling Bank is “pessimistic” about the outlook for the UK economy, it said on Wednesday, setting aside more cash for potential loan losses even as the digital bank reported a 55% jump in annual pretax profit, driven by higher interest rates. In the midst of an election campaign in which Prime Minister Rishi Sunak, trailing […]

Visa settles Discover unit’s antitrust lawsuit over debit card network

Discover Financial Services (DFS.N),  unit Pulse Network has agreed to settle a lawsuit in Texas accusing Visa of obstructing competition in the multibillion-dollar debit card network services market, causing merchants to pay higher fees. Pulse and Visa disclosed the accord in a court filing,  on Friday in federal court in Houston, where Pulse had sued the payment […]