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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...
...But regulators are studying the liquidity risks being stored up in these strategies, and the potential spillover effects for the wider financial sector....
...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....
...Like Hammack, he had previously been talked about as a potential candidate for chief financial officer. Goldman and Millennium declined to comment on Berlinski’s move....
...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...
...Advocates say private equity can bring more efficiency to the profession and access to capital for critical investment, but the financial terms of such deals can prove controversial....
...The shift makes Citadel Securities the latest financial services company to increase its reliance on Big Tech cloud services and is a win for Google as Silicon Valley companies host more business traditionally...
...trading commodity-linked securities and other financial products....
...Bhavesh Mistry, British Land’s chief financial officer, said the company estimated that 1mn sq ft of new or refurbished space would be delivered each year from 2024-2027, compared with 2mn sq ft of typical...
...A judge in Manhattan on Friday declined to issue a temporary restraining order against Millennium Management after Jane Street demanded the hedge fund stop using a secretive international options scheme...
...A former top investment banker at Centerview Partners did not strike a valid agreement to become a full-fledged partner at the elite advisory firm during a restaurant meeting held more than a decade ago,...
...The evidence cited by the appeals court included testimony by one current and one former Apollo chief financial officer, as well as a high-level investor, that they believed Apollo, not the funds, was to...
...Some have blamed this on Google’s fragmented structure, big-company bureaucracy and the lack of a coherent company-wide plan for rolling out generative AI across its range of products and services, the Financial...
...“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....
...Digital commerce only continues to proliferate, making it increasingly lucrative to be a toll collector. But ambitious deals in financial services are never easy to pull off....
...The Spanish lender hired Morgan Stanley M&A banker David Luwisch, former Jefferies industrials banker David Bradley and former Bank of America financial sponsors banker Andrew Greenwald....
...Deloitte is set to axe 100 more jobs in the UK as a prolonged slowdown in deals activity hits demand for some of its services....
...In an interview with the Financial Times, Weightman noted “similarities” between the sales pitch that was used then and Corinthia’s success in attracting an entire team of senior executives from Barings,...
...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....
...As the name suggests, this is a “business development company”, a weird but fascinating and uniquely American construct....
...The Financial Times reported in October that Schonfeld was in partnership talks with Millennium that would have seen Englander’s hedge fund put billions of dollars to work with its smaller rival....
...Cannae is the vehicle of Bill Foley, the multi-billionaire who made his fortune in a series of financial technology and financial services companies....
...The last time Tiger raised a similarly sized fund was its 10th vehicle in 2015, which totalled $2.5bn. Since then the firm has raised a series of larger funds....
...It is traditional and sensible to exclude the financial sector when valuing the market, because financials generally and banks in particular cannot be sensibly valued on earnings....
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