Wednesday , 17 December 2025

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General Mills makes $1.2b bet on pets

Bloomberg Cereal giant General Mills Inc continued its push into what it calls the “humanisation of pets” with a $1.2 billion deal to buy a division from Tyson Foods Inc that sells treats under brands like Nudges and Top Chews. The division, started in 2011, tallied more than $240 million in revenue over the past 12 months through April 3, …

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Barclays faces senior credit trader exodus over bonuses

Bloomberg Barclays Plc has been hit by a string of departures among senior credit traders in New York and London unhappy that their bonuses failed to reflect the pandemic profit surge. The bank has offered promotions to some employees and given assurances over future pay in an attempt to address their concerns, according to people familiar with the matter, who …

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DBS kicks off Asia’s first bank-backed crypto trust service

Bloomberg DBS Private Bank started Asia’s first bank-backed trust solution for cryptocurrencies as demand for digital assets increases. The offering will allow private banking clients to invest, custodise and manage these assets in a safe, secure, and structured manner, DBS group Holdings said in a statement. It builds on the DBS Digital Exchange, which launched in December, and offers institutional …

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