SYDNEY – Australian non-bank lender Pepper Money Limited PPM.AX said on Monday it has entered a consortium with global investment firm KKR KKR.N to acquire the RAMS home loan portfolio from Westpac Banking Corp. The portfolio comprises A$21.4 billion ($13.9 billion) in residential mortgages as at September 30, 2025. Under the binding agreement, Pepper Money will…
Tag: Finance
Banijay Group to acquire majority stake in Tipico to create gaming giant
PARIS: Entertainment conglomerate Banijay Group announced Monday it has signed a binding agreement to acquire a majority stake in Tipico Group and combine it with its existing Betclic business, a move that will create a European leader in sports betting and online gaming. The deal, which values Betclic at €4.8 billion and Tipico at €4.6 billion,…
First Abu Dhabi Bank posts record nine-month profit of $4.36 billion, confident on 2025 targets
ABU DHABI: First Abu Dhabi Bank (FAB), the United Arab Emirates’ largest lender, reported on Wednesday a 24% rise in nine-month net profit, driven by higher revenue across its businesses and lower impairment charges, putting it on track to meet its full-year guidance. Net profit after tax for the first nine months of 2025 reached…
Young Germans are investing in stocks and ETFs instead of real estate
BERLIN: A profound generational shift is underway in Germany, a nation long known for its conservative financial habits and a deep-seated love for Betongold (concrete gold), or real estate. The newest generation of investors, Gen Z and Millennials, are boldly turning away from traditional assets and embracing the stock market as their primary vehicle for long-term wealth…
The invisible money machine: Unlocking realistic, recurring income in a saturated world
Feeling the squeeze? You’re not alone. Scroll through any social feed, and it’s a parade of “$10K Months” and “Passive Income King” claims. It’s enough to make anyone feel like they’ve been left behind, especially when you’re a new mom with naptime hustle, a 32-year-old facing a quarter-life crisis, or a 16-year-old just trying to get…
Panther Metals launches bitcoin treasury to finance Pick Lake acquisition in Canada
LONDON: Panther Metals Plc (LSE: PALM) has unveiled a novel financing strategy that blends digital assets with traditional hard commodities, following the successful establishment of a Bitcoin Treasury account and its intention to fund the acquisition of the Pick Lake deposit in Ontario, Canada. The exploration company, focused on critical mineral projects in Canada, confirmed…
PrismaStake announces $6 million funding
Melbourne, Australia: PrismaStake, an emerging leader in the decentralized finance (DeFi) sector, has announced a significant funding boost of $6 million. This strategic investment propels the company into a new phase of growth, aimed at redefining the DeFi landscape with its innovative staking platform. Elevating the DeFi Experience With a mission to elevate DeFi staking,…
TECOM Group announces record-breaking results and dividend payout
DUBAI: TECOM Group, the creator of specialised business districts and vibrant communities in Dubai, has announced its best-ever financial and operational performance for the year 2023, along with a cash dividend of AED 800 million for its shareholders. The Group held its Annual General Assembly Meeting at Dubai Internet City, where it approved the financial…
CVC Asis Pacific raises offer for APM to $2.00 per share
SYDNEY: CVC Asia Pacific Limited (CVC) has increased its offer for APM Human Services International Limited (APM) to $2.00 cash per share, up from $1.60, in a bid to acquire the human services provider by way of a scheme of arrangement. APM’s board has agreed to grant CVC a four-week period of exclusivity to 27…
Barclays announces new operating structure and leadership changes
LONDON: Barclays Plc, one of the leading global financial services providers, has today announced a new operating structure that will align its business segments with its strategic priorities and customer needs. The new structure will consist of five focused operating divisions, namely: Barclays will report its financial performance based on these five operating divisions, in…
Ryan Bailey to lead Cambridge Savings Bank as new President and CEO
Cambridge Savings Bank (CSB), a full-service mutual bank with nearly $7 billion in assets, has announced the hiring of Ryan Bailey as its new president and chief executive officer (CEO). Bailey will succeed Wayne Patenaude, who will retire in 2023 after 12 years of leading the bank. Bailey joins CSB from USAA, where he was…
Edith Avilés joins HSBC’s US Boards of Directors
HSBC Bank USA announced today the recent appointment of Edith Avilés to the HSBC North America Holdings Inc. (HNAH) and HSBC Bank USA, N.A. (HBUS) Boards of Directors, effective January 1. Avilés is a seasoned investment banker who has worked across US, European and Latin American markets for 30 years. She retired from Natixis S.A….