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...The top US consumer finance watchdog has raised doubts about megamergers in the credit card industry, just as Capital One attempts to close its $35.3bn takeover of card issuer Discover Financial Services...
...Retired US partners of Grant Thornton have stepped up their fight for a bigger share of the proceeds from the sale of the accounting firm, hiring lawyers to challenge management over the terms of the deal...
...Last month UBS agreed to sell an additional $8bn of loans to Atlas SP as part of a renegotiation of the deal that also scrapped an associated investment management arrangement....
...suggest Apple is focused on deploying generative AI on its mobile devices, a breakthrough that would allow AI chatbots and apps to run on the phone’s own hardware and software rather than be powered by cloud services...
...Grant Thornton’s retired US partners are demanding a greater share of the spoils from its sale of a majority stake to private equity, after accusing the accounting firm’s management of short-changing them...
...The firm has about 600 partners in the US and is the largest member of Grant Thornton International, a network of accounting firms that use a common brand and co-ordinate services worldwide....
...Institutional Shareholder Services, another high-profile shareholder adviser, is recommending shareholders vote in favour of Abrdn’s proposals at its meeting....
...Engineers are developing the technology needed to deploy the service but executives have not yet made a final decision on whether or when to launch it, one of the people said....
...The Miami-based market maker has switched storage of trading data and running the programmes that simulate price moves out of its own servers and into Google’s cloud computing service, it told the Financial...
...Lutnick, who helped usher in electronic government bond trading in the late 1990s, has called CME’s dominance of Treasury futures “one of the great monopolies in America”....
...How far should regulators go in dictating the basic designs of some of the most widely used tech products and services?...
...Wells Fargo and Wilmington Savings Fund Society are named in the suit having allegedly provided administration services to FCI. They have been contacted for comment. How big a deal might all this be?...
...Europe’s funds industry body has thrown its weight behind a French proposal for a small group of countries to forge ahead with a capital markets union, in a sign that investors are growing increasingly frustrated...
...— the production of goods and services....
...Founded in 1983, China’s MSS is a civilian secret police service that the US has described as a combination of the FBI and the CIA....
...Similarly, the FTC contends that as two of the largest employers of union grocery labour in the US, a combined Kroger and Albertsons would have more leverage to impose subpar terms on workers....
...“We are in a new era of realising that these partnerships have attractive alternatives,” said Peter Munzig, a partner at TPG, one of the most active dealmakers in professional services....
...Return of Trump The FT writes about how the least divided place in America feels about the inevitability of Trump’s return....
...The ability to process large volumes of data is particularly important in the fast-growing area of power trading, where the regulated nature of electricity markets produces large amounts of information....
...jfk@ft.com Twitter: @JFK_America...
...And cross-border movements of goods, services, investment, people and data have survived multiple shocks over the past 30 years. Intervention is certainly rising....
...Nicholas Emiliou, advocate general of the Court of Justice of the EU, said on Thursday that EU judges should set aside an earlier judgment that sided with the commission....
...For the avoidance of doubt, Apollo now explicitly rejects the findings of two federal courts....
...I sat down with four of America’s top union leaders — Liz Shuler, president of the AFL-CIO (the federation of US trade unions); Claude Cummings, president of the Communications Workers of America; Randi...
...Microsoft’s revenue in the quarter climbed 17 per cent to $61.9bn, driven by cloud computing sales and rampant demand for AI-related services on its Azure platform....
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