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...He declined to comment “specifically” on Capital One and Discover, but made clear his concerns about the combination of two “large issuers . . . that compete in a number” of credit card sub-markets, calling...
...The top three executives at some of China’s leading state-backed brokerages, including CSC Financial, Citic, China International Capital Corporation (CICC), Huatai Securities and Guotai Junan Securities,...
...This was because the media market had evolved since 2006 and because Liberty intended to keep MotoGP as a separate asset, he added....
...Endeavour on Thursday said the payment was connected to one of its divestitures in recent years, which a BMO research note said was the Agbaou mine in Ivory Coast, sold in 2021....
...A senior investment banker in Seoul said larger foreign investors still needed to see more concrete signs of progress before redirecting capital away from larger markets such as Japan and India....
...Ng said analyses showed China’s market comprised 90 per cent retail investors 15 years ago, but it was now 50 per cent institutional....
...The best returns on investment — averaging 100 per cent — occurred on purchases under $2bn, according to an analysis of 22 deals since 2018 by BMO Capital Markets....
..., where more capital is needed....
...US hedge fund Elliott Management has been buying the bonds of troubled British utility company Thames Water, in a bet that markets have grown too pessimistic over the size of losses that investors may have...
...Capacity additions are coming from capital spending. There is little room for consolidation or growth through acquisitions....
...It said it would increase capital spending in support of the technology behind chatbots and smart assistants....
...But continued weakness in the coming months, may help make the case for future rate cuts down the line, wrote Ian Lyngen, head of US rates strategy at BMO Capital Markets....
...A clearing house sits between a buyer and seller to prevent a default from washing through markets....
...Ergen and his team “obviously tried to come up with a transaction that was creative, and the market just said ‘no’,” according to another debt market participant....
...The deal underscores how large private capital groups such as Blackstone that face fewer restrictions than banks are stepping into mainstream debt markets to help alleviate capital pressures on large lenders...
...Capital One’s market cap is $52bn and it expects this combination to be transformative enough to boost earnings per share by more than 15 per cent in 2027....
...The new data was “an impressive print that is consistent with the Fed’s target and reinforces Powell’s pivot, if nothing else”, said Ian Lyngen, head of US rates strategy at BMO Capital Markets....
...Capital One and Discover said on Monday that the transaction is expected to generate expense synergies of $1.5bn in 2027 and deliver a return on invested capital of 16 per cent in 2027....
...Approval for Viking’s weight-loss drug is at least three years away, as the FDA will require at least two more trials, noted Evan Seigerman, an analyst at BMO Capital Markets....
...It would continue to use capital and expertise to support clients in their energy transition and managing climate risk....
...Acquiring the Hess portion of Stabroek would involve, among other things, paying off Hess’s capital gain taxes....
...Capital Markets....
...When asked, the proportion of households keen to save (as opposed to invest) has risen from a little over 40 per cent to about 60 per cent in just four years, according to BMO Capital Markets....
...Hudson Bay Capital, Reverence Capital Partners and hedge fund Citadel are co-investing in the deal which closes on Monday....
...“We haven’t seen enough cuts yet to say we’ve hit a floor,” said Colin Hamilton, commodities analyst at BMO in London. Additional reporting by Nic Fildes in Sydney...
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