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The Italian economy will grow by close to 5% this year, the Bank of Italy said on Friday, raising a previous forecast due to the improving coronavirus situation and an upward revision to first quarter gross domestic product data. ....
By Reuters Staff 1 Min Read BERLIN (Reuters) - A blank cheque acquisition company sponsored by the founders of investment fund 468 Capital said on Tuesday it would float on the Frankfurt Stock Exchange with a view to acquiring a technology company. 468 SPAC I SE said it was seeking to raise 300 million euros ($358 million) and looking to buy a business involved in marketplaces, direct to consumer, or software and artificial intelligence. The first special-purpose acquisition company to float in Frankfurt, Lakestar SPAC I SE, launched earlier this year with the backing of German venture capitalist Klaus Hommels. ($1 = 0.8378 euros) ....
Credit Suisse's first quarter results could suffer a material impact after the bank started exiting positions after a U.S.-based hedge fund defaulted on margin calls it made, the bank said on Monday. ....
5 Min Read ZURICH (Reuters) - Credit Suisse on Thursday said it plans to up lending volumes and capitalise on a boom in share listings to shore up revenue, after low interest rates and legal charges tipped the bank into the red in the fourth quarter. FILE PHOTO: A logo of Credit Suisse is pictured on a building in Geneva, Switzerland, November 8, 2017. REUTERS/Denis Balibouse/File Photo Switzerland’s second-largest lender posted a 353 million Swiss franc ($392.8 million) net loss for the last quarter after booking 757 million francs in legal charges, beating analysts’ forecasts for a 566 million franc loss but leaving annual profit down 22%. ....
5 Min Read ZURICH (Reuters) - Credit Suisse on Thursday said it plans to up lending volumes and capitalise on a boom in share listings to shore up revenue, after low interest rates and legal charges tipped the bank into the red in the fourth quarter. FILE PHOTO: A logo of Credit Suisse is pictured on a building in Geneva, Switzerland, November 8, 2017. REUTERS/Denis Balibouse/File Photo Switzerland’s second-largest lender posted a 353 million Swiss franc ($392.8 million) net loss for the last quarter after booking 757 million francs in legal charges, beating analysts’ forecasts for a 566 million franc loss but leaving annual profit down 22%. ....