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Banking
Credit Suisse’s Greensill fund shrinks over 25%
Clients pull more than US$400mil in May exodus
Business
British online bank Monzo doubles valuation to US$2.5b
NEW YORK: Online-only bank Monzo has closed a new funding round doubling the startup’s valuation to more than $2.5 billion, making it one of the U.K.’s most highly valued fintech companies.
Business
SoftBank’s Vision Fund invests US$800mil in Britain’s Greensill
BENGALURU: Financing group Greensill Capital has confirmed SoftBank Group Corp’s Vision Fund has invested US$800mil in the British company, a vote of confidence in the UK finance sector that has been navigating Brexit challenges.
TECH
Telcos bet on connecting everything to recoup 5G costs
For the telecoms industry, the task of launching 5G services is a lot like going the wrong way on the moving walkways that ferry delegates around the vast Barcelona fairground that hosts the Mobile World Congress.