Canadian Dollar In the dynamic world of international finance, the Canadian dollar has recently taken center stage. This article delves into the reasons behind the Canadian dollar’s impressive rise in American trade, extending its gains against the US dollar and reaching a six-week high. From strong Canadian inflation data to the impact of global oil …
In the dynamic landscape of European politics, the European Commission’s competition portfolio has witnessed a noteworthy shift. On Tuesday, EU Justice Chief Didier Reynders announced that he had assigned the European Commission’s competition portfolio. This change comes on the heels of outgoing Competition Commissioner Margrethe Vestager’s announcement that she is officially a candidate for the …
EU Justice Chief Didier Reynders Assigned European Commission’s Competition Portfolio Read More »
In the world of technology and chip design, few names resonate as powerfully as Arm Holdings Ltd. Owned by SoftBank Group Corp, Arm Holdings has embarked on an extraordinary journey, preparing for a blockbuster initial public offering (IPO). This move has garnered significant attention, with the marketing road show kicking off in Baltimore, a city …
Arm Holdings Ltd: A Deep Dive into its Blockbuster IPO Read More »
Barclays explores Plc (BARC.L) is exploring the possibility of selling a stake in its unit responsible for processing payments for UK merchants. The British bank is actively seeking a partner to help drive the growth of this business, according to four individuals familiar with the matter who spoke to Reuters. The bank is contemplating the …
Barclays explores sale of stake in $2.5 billion UK payments Read More »
Mayur Kamat, the Global Head of Product at Binance, has tendered his resignation amidst a series of executive departures and staff reductions at the cryptocurrency exchange, according to a statement provided to Reuters by a company spokesperson on Monday. Mayur Kamat departure comes in the wake of a recent exodus of top executives from Binance, …
Binance global head of product Mayur Kamat resigns Read More »
A historic regulatory settlement of $3.7 billion has set the stage for shareholder litigation targeting Wells Fargo. In December of the previous year, Wells Fargo consented to pay $1.7 billion as a civil penalty and $2 billion for customer restitution to the U.S. Consumer Financial Protection Bureau (CFPB). This monumental settlement the largest ever for …
Wells Fargo, a juicy target, sparks lead counsel fight among shareholder firms Read More »
Britain’s Lloyds Banking Group (LLOY.L) is in talks with the Barclay family and U.S. private equity firm Carlyle (CG.O) over Very Group, an online retailer and financial services provider the Financial Times reported on Friday. The British lender holds a guarantee in the overseas holding companies controlling Very Group that linked to the distressed debt …
Switzerland’s takeover board has ruled that a partial offer for up to 28 million shares of GAM Holding (GAMH.S) by an investor group comprising NewGAMe SA and Bruellan SA is in line with Swiss takeover rulesNewGAMe said on Thursday. The board’s ruling however is subject to the conditions that NewGAMe supplemented its prospectus with additional …
Swiss takeover board rules NewGAMe’s partial offer for GAM shares complies with rules Read More »
During a hearing related to the U.S. Virgin Islands’ lawsuit against JPMorgan Chasea lawyer representing the territory revealed on Thursday that the bank had informed U.S. authorities of processing over $1 billion in transactions for Jeffrey Epstein over a span of 16 years. The attorney representing the U.S. Virgin Islands Mimi Liu, the attorney representing …
JPMorgan processed more than $1 billion for Epstein, US Virgin Islands says Read More »
Fed A segment of Goldman Sachs’ transaction banking business (TxB) has decided to halt onboarding riskier financial technology clients following a cautionary note from the U.S. Federal Reserve regarding concerns over risk and compliance earlier this year, as reported by the Financial Times on Thursday. According to sources familiar with the matter, the Federal Reserve …
Fed warned Goldman’s fintech unit on risk, compliance oversight, Financial Times reports Read More »
