European banks battered as Credit Suisse drops over 20%

European banks battered as Credit Suisse drops over 20%

Shares in European banks got pummeled again on Wednesday, as Credit Suisse plunged to fresh record lows after the lender’s biggest shareholder said it could not raise its 10% stake citing regulatory issues. Credit Suisse fell below 2 Swiss francs ($2.18) for the first time after Saudi National Bank said it could not go above … Read more

Morgan Stanley and Societe Generale purchase stake in Nykaa via block deal

Morgan Stanley and Societe Generale purchase stake in Nykaa via block deal

Morgan Stanley Asia (Singapore) Pte and Societe Generale purchased a stake in beauty e-retailing entity Nykaa today, showed BSE block deal data. Morgan Stanley Asia (Singapore) Pte bought 82,13,050 shares or 1.7% stake in the company at an average traded price of Rs 186.4. At the same price, Societe Generale also bought 26,30,000 shares, equivalent … Read more