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...Capital One agreed in February to acquire Discover in one of the banking industry’s biggest deals since the 2008 financial crisis. The takeover is now undergoing scrutiny by banking regulators....
...One of the most-disputed issues among ministers is financial markets supervision....
...In 2022, the Financial Times reported that Citigroup and Bank of America suspended equity trading with Segantii citing concerns over its bets on the sale of blocks of shares....
...JPMorgan Chase spent about a year discussing a possible deal with Discover Financial before Capital One agreed a $35bn bid for the credit card company, as the largest US bank pursued ways to get control...
...Bain Capital has promoted one of its top dealmakers in Asia to co-managing partner, the highest position at the asset manager, as the broader buyout industry grapples with succession planning....
...The venture capital arm of defunct US regional lender Silicon Valley Bank has been sold by its bankruptcy estate to Pinegrove Capital, an asset manager recently seeded by Sequoia Heritage and Brookfield...
...A merger between Virginia-based Capital One and Illinois-based Discover would shake up the US credit card landscape and mark one of the industry’s biggest deals since the 2008 financial crisis....
...US lender Capital One has agreed to buy rival Discover Financial for $35.3bn, in an all-stock tie-up that is set to unite two of America’s largest credit card companies....
...Discover Financial’s chief executive has resigned just weeks after the credit card company reached an agreement to be sold to rival Capital One....
...Capital One Financial agreed to buy Discover Financial Services for $35bn in stock....
...More than a dozen smaller EU states fought back against efforts to unify Europe’s fragmented capital markets, highlighting the torturous politics around the decade-long financial reform effort....
...But his financial woes create two novel headaches — one for him, and one for America. For Trump, it undermines his reputation for being rich, which he and his base value highly....
...It represents one of the largest fundraisings by a VC since a downturn in the sector began about two years ago....
...The fragmented and more limited nature of Europe’s financial sector is only one input that contributes to the short-term performance of European equities....
...That’s likely true, but again, it’s not an argument for allowing more risk in the formal financial system, but rather one for less risk elsewhere....
...Capital is only one input into that risk assessment, and arguably it is a relatively small one. Silicon Valley Bank failed due to mismanagement of interest rate risk....
...Like all financial firms, platforms and pension providers can go bust....
...When the bill comes due, Capital One Financial will need to show it has the funds....
...Hong Kong’s financial regulator has launched criminal proceedings in an insider dealing case against hedge fund Segantii Capital Management and its founder and director, Blackpool Football Club owner Simon...
...“It was one of the most emotionally scarring days of my life.”...
...The European Central Bank has announced one of the biggest overhauls of its connections to the financial system for a decade, outlining plans to lend more to commercial banks while shrinking its vast bond...
...and countering the threat of further capital heading abroad....
...An OCC spokesperson said the agency had “not received a filing from Capital One regarding Discover Financial Services”....
...Last week European private equity group CVC Capital celebrated a fun fiesta in the capital markets, with balloons and everything....
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