A pedestrian passes the closed entrance to the headquarters of Norges Bank, also known as the central bank, in Oslo, Norway, on Wednesday, Oct. 29, 2014. The world's biggest sovereign wealth fund went on a stock buying spree during the market turmoil at the end of 2018. Norges Bank, which manages Norway's $1 trillion oil-funded wealth pot, said it bought 185 billion crowns ($21.7 billion) worth of equities, with the bulk of purchases coming in November and December. The U.S. stock market had...

Michael Calvey, co-managing partner of Baring Vostok Capital Partners, gestures during an interview at the company's headquarters in Moscow, Russia, on Tuesday, April 4, 2011. A U.S. citizen and private equity founder has reportedly been arrested in Moscow on suspicion of embezzlement. According to Russian news agency IFAX, Michael Calvey, has been detained along with others in relation to the theft of 2.5 billion roubles ($37.5 million). The same media has reported that Russian President...

James von Moltke, chief financial officer of Deutsche Bank AG. Police raids on Deutsche Bank's offices in Frankfurt last week were not the fault of the current management team, according to the firm's chief financial officer (CFO). Two Deutsche Bank staff members are suspected of helping clients set up off-shore businesses to launder money gained from criminal activity. The wrongdoing is alleged to have continued through to 2018 but the bank's financial chief, James von Moltke, told CNBC's...

Richard Branson The billionaire entrepreneur Richard Branson is to take his first foray into the world of private equity. The Virgin Group founder is to partner with London-based Metric Capital in managing a new fund which will seek stakes in firms with consumer-facing businesses, such as food and beverage, luxury, and leisure. First reported in the Financial Times, and confirmed to CNBC by a source close to the matter, the partnership will seek to raise 500 million euros ($600 million) from...

Deutsche Bank has defended its decision to raise its annual bonus payments. Germany's biggest lender is to lift its 2017 pot of bonus cash to more than 1 billion euros ($1.2 billion) despite registering a third consecutive year of losses. Earlier this month Deutsche warned that weak trading and a 1.5 billion euro hit resulting from tax changes in the U.S. would cause the bank to post a "small loss after taxes" for 2017. Deutsche's corporate spokesperson, Joerg Eigendorf, told CNBC on Monday...