NEW YORK, Aug 12 Reuters Jefferies Financial Group said on Monday that Japan39;s Sumitomo Mitsui Banking Corp SMBC has more than doubled its stake in the U.S. investment bank to 10.9, deepening an alliance dating back to 2021. As part of the expanded ties, Toru Nakashima, the CEO of Sumitomo Mitsui Financial Group, SMBC39;s parent, joined Jefferies39; board […]

Aug 12 Reuters Scotiabank is buying a 14.9 stake in American regional lender KeyCorp for 2.8 billion, as the Canadian bank taps into the stressed regional U.S. banking sector for growth outside its saturated home market. KeyCorp shares jumped 14 as Scotiabank priced the offer at 17.17 per share, a nearly 17.5 premium to KeyCorp39;s last closing […]

Aug 12 Reuters Activist investor Elliott Investment Management is seeking to add Jesse Cohn, an equity and managing partner in the firm, to the Starbucks board, sources said. The coffee house chain and the hedge fund have held talks over the last weeks, but the current status of settlement discussions could not be learned. Elliott, […]

VIENNA, Aug 12 Reuters Austrian advocacy group NOYB on Monday filed a complaint against social media platform X accusing the Elon Muskowned company of training its artificial intelligence AI with users39; personal data without their consent in violation of EU privacy law. The group led by privacy activist Max Schrems announced that it had filed […]

BENGALURU, Aug 12 Reuters Indian telecom operator Vodafone Idea reported a smallerthanexpected firstquarter loss on Monday, helped by a fall in expenses. The company posted a consolidated loss after tax of 64.32 billion rupees 766.4 million for the quarter ended June 30, compared to a loss of 78.40 billion rupees a year earlier. Analysts, on average, […]