Business
Runway Growth Finance Raises $45M in 7.75% Notes
The company plans to use proceeds to repay debt and redeem senior notes, with an overallotment option allowing underwriters to buy up to $6.8M more
Teladoc Health Appoints Jonathan Dorfman as Chief Legal Officer
The virtual-care provider promotes Dorfman from senior VP to replace Adam Vandervoort, who departs after 11 years at the helm of the legal function.
NOMAD Power Appoints GEL as Canadian Sales Rep
NOMAD Power Solutions named Global Environmental Liquid Ltd. distributor for its transportable battery energy storage systems across Canada.
European Metals Awards 5M Unlisted Options to Consultants
The ASX-listed resource firm issues incentive options to align consultants' interests with long-term project development
Trustar Bankshares raises $28.1m in private placement ahead of branch deal
Virginia-based Trustar Bankshares secured $28.1 million in a private placement led by JCSD Mclean Investors, supporting a planned branch acquisition from Forbright Bank.
Hyperion and GCM Grosvenor Partner on $200M Grocery-Anchored Retail Fund
GCM Grosvenor invests up to $100M in Hyperion Grocery Retail Partners III, targeting $1B in aggregate property value as additional investors join.
Diginex Sets Oct. 8 Vote on Resulticks Acquisition
Shares will be issued to purchase the fintech firm; board recommends approval of the deal and related capital restructuring.
X-energy's TRISO-X President Joel Duling to Retire in November
Joel Duling steps down as president of X-energy's nuclear fuels unit after more than four decades, transitioning to senior advisor role.
VW Recalls Nearly 1 Million Vehicles in Germany Over Steering Failure Risk
Germany's vehicle regulator flags corrosion-prone steering screws on roughly 900,000 VW, Audi and Seat cars produced between 2013 and mid-2024.
VEON-Square Joint Venture Gets Bangladesh Digital Bank License
A partnership between VEON and Square Group secures approval for a digital bank license in Bangladesh, aiming to expand financial inclusion via Banglalink’s mobile ecosystem.
Swiss Federal Council tightens anti-missuse rules on rental prices
Switzerland’s government rejects a proposed automatic review of rental prices but introduces clearer, transparent checks to curb alleged abuses
VitrA Tiles launches 'The Code' collection and V-Flex system at Cersaie 2026
At the Cersaie fair in Bologna, VitrA Tiles introduced its new 'The Code' design concept, three tile collections and a faster, adhesive‑free installation system.
Bango H1 2026: Revenue dip offsets strong subscription growth
Reported revenue fell 3-5% from low-margin route restructuring, but ARR rose 31% to GBP 20.4m and adjusted EBITDA jumped 34% as subscription profitability surged.
Bickel: Dollar set for mild gain, bonds favor corporates over sovereigns
Edmond de Rothschild's head of private banking research says AI fears may be strategic messaging, expects modest dollar strength and prefers high-quality credits at current yields.
Swiss Re warns of rising systemic risks from AI
The spread of artificial intelligence is creating new systemic risks for companies and insurers, according to a Swiss Re report. The report highlights the growing importance of AI and technology risks in corporate risk reports and the potential for cumulative risks in the insurance sector.
UBS resolves Greensill lawsuit with IAG over CS credit-risk claims
A confidential settlement resolves a $2.8 billion dispute between former Credit Suisse entities and Swiss insurer IAG over Greensill Capital’s credit-risk exposures.
UBS Faces Regulatory Burden, Explores Potential U.S. Mergers Amid Swiss Policy Shift
Swiss regulatory tightening on UBS’s foreign subsidiaries spurs speculation over a potential U.S. acquisition, including with Morgan Stanley, as the bank seeks to mitigate stricter capital requirements.
Addex says return of GABAB program from Indivior is positive
Addex will regain worldwide rights to GABAB drug candidates after Indivior, which invested over $25 million, returns the program amid a merger that halted Indivior's R&D.
Deutsche Bauaufträge fallen im Juli um 9.2% – Wohnungsbau stagniert
Kalender- und saisonbereinigte Auftragseingänge im Baugewerbe sanken im Juli um 9,2%, wobei Wohnungsbau und Infrastrukturprojekte besonders betroffen waren.
Gen Z Trusts AI Almost as Much as Bank Advisors, Swiss Survey Finds
A Swiss poll of over 1,000 investors reveals Generation Z rates artificial intelligence nearly as highly as traditional bank advisors, a shift that finpension warns the industry should take seriously.
Swiss Senate mandates 90% CET1 for UBS foreign subsidiaries
The upper chamber voted to require UBS to back its overseas units with 90% hard equity, replacing a 50/50 CET1/AT1 proposal. Analysts say the move benefits bondholders but could trigger strategic shifts.
Genel Raises Cash Offer for Capricorn Energy to $5.74 a Share
Genel Energy increased its takeover bid for Capricorn Energy to $5.74 per share, prompting Capricorn's board to withdraw support for rival DNO Bidco's offer.
LendInvest Closes £300m Buy-to-Let Securitisation Under Mortimer Programme
LendInvest completed its eighth Mortimer securitisation, backing £300m with 1,240 performing UK buy-to-let loans and achieving preferential STS qualification for the first time.
Abingdon Health opens US manufacturing facility in Madison, Wisconsin
UK-based Abingdon Health plc has opened a new manufacturing hub in Madison, Wisconsin, expanding its US operations and offering integrated CDMO services.
Acrevis Bank Taps UBS Veteran Simon Wetter to Lead Private Banking
Acrevis Bank appointed former UBS and Credit Suisse executive Simon Wetter as head of Private Banking and management board member, effective November 1, 2026.