Principal Financial to acquire Wells Fargo's unit

Source: Dukascopy Bank SA
Principal Financial Group, the financial services provider, is set to take over Wells Fargo's institutional retirement business in a deal valued at $1.2B, Principal stated on Tuesday.
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Tue, 09 Apr 2019 13:18:34 GMT

Lenders take control of UK's Debenhams

Creditors in Debenhams has taken control over the British department store chain on Tuesday, wiping out its shareholders, including the billionaire Mike Ashley after he failed to acquire the company.

Tue, 09 Apr 2019 12:32:44 GMT

Grab plans another $2.0B funding round

The ride-hailing service Grab is seeking to attract another $2.0B within this year to accelerate its expansion, a few weeks after announcing over $4.5B of funding, the firm's CEO Anthony Tan stated on Tuesday.

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