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Bloomberg Argentine digital bank Brubank, founded by a former Citigroup Inc executive, is looking to expand to Colombia and Peru in 2022 after raising more financing at the end of this year. The Buenos Aires-based company is planning a Series B funding round during the last quarter of 2021 to invest more in Argentina and to finance an expansion into ...

Bloomberg Credit Suisse Group AG nominated former UBS AG executive Axel Lehmann to head the board of directors’ risk committee and the ex-chief risk officer at Lloyd’s Banking Group Juan Colombas for a seat on the board, in the latest effort to reinforce the bank’s management team. The proposals will be put before an extraordinary shareholders meeting set for October ...

Bloomberg National Bank of Canada Chief Executive Officer Louis Vachon is stepping down after 14 years and will be succeeded by Laurent Ferreira atop the country’s sixth-largest bank. Ferreira, 50, who was promoted to chief operating officer in February, will take over as CEO on November 1, the Montreal-based lender said. Since taking the reins in 2007, Vachon, 59, helped ...

Bloomberg Bank of America Corp is boosting base salaries again, lifting pay for junior bankers across the firm to $100,000 from $95,000 in a bid to remain competitive in the war for young talent on Wall Street. The company will pay that amount to first-year analysts in the global corporate and investment-banking, global-markets and global-research divisions, according to a person ...

Bloomberg Ford Motor Co, firing back at a lawsuit filed by General Motors Co, is asking the US government to strip GM of its trademark for “Super Cruise,” the name of its hands-free driving feature, and “Cruise,” the name of its self-driving affiliate Cruise LLC. Ford is asking the US Patent and Trademark Office to rescind the trademarks so “the ...

Bloomberg Apple Inc was told to pay $300 million in royalties after a retrial in a patent dispute over wireless technology used in its iPhones and other products, part of a global fight with a company that says it owns patents on the LTE cellular standard. The jury in Marshall, Texas, said PanOptis Patent Management and its Optis Cellular and ...

Bloomberg Sonos Inc shares jumped as the wireless audio company came one step closer to winning a global battle with Alphabet Inc’s Google when a US trade judge found the search giant infringes five Sonos patents — a decision that could shut some Google smart home devices, phones and laptops out of the US market. US International Trade Commission Judge ...

Bloomberg An electric-vehicle charging startup that powers Amazon.com Inc’s delivery vans in the UK has agreed to merge with a US blank-check firm and go public late this year. The transaction between EO Charging and First Reserve Sustainable Growth Corp will imply a combined enterprise value of $675 million, the companies said. The deal will net EO more than $150 ...

Dubai / WAM Mariam Hareb Almheiri, Minister of State for Food Security, affirmed that youth are the engine that drives development across all sectors and the main contributor to progress and development. In a statement marking the International Youth Day, Almheiri said that this year’s theme “Transforming Food Systems: Youth Innovation for Human and Planetary Health” highlights the pivotal role ...

ABU DHABI / WAM Abu Dhabi National Energy Company (Taqa) reported a net income of AED2.9 billion for the period ended 30th June, 2021, an increase of AED2.4 billion, with a significantly higher contribution from the Oil and Gas segment and the fact that Q1 2020 was reduced by an AED1.5 billion post-tax impairment charge. Taqa, a diversified utilities and ...