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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...
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...This was because the media market had evolved since 2006 and because Liberty intended to keep MotoGP as a separate asset, he added....
...The UK’s competition watchdog announced plans this month for an in-depth probe into the veterinary market and whether the “roll-up” of thousands of small clinics may have forced up the price of treatments...
Reduced participation means none of top five money managers fully back Climate Action 100+
...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....
..., 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...
...This makes market chatter about Deutsche buying another bank, such as local peer Commerzbank or ABN Amro of the Netherlands, a distinctly dubious prospect....
...Capacity additions are coming from capital spending. There is little room for consolidation or growth through acquisitions....
...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....
...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....
...It would continue to use capital and expertise to support clients in their energy transition and managing climate risk....
...But after the huge rise in capital spending caused by the AI race, any delays could lead to a massive hangover for the hardware industry....
...Acquiring the Hess portion of Stabroek would involve, among other things, paying off Hess’s capital gain taxes....
...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....
...Hudson Bay Capital, Reverence Capital Partners and hedge fund Citadel are co-investing in the deal which closes on Monday....
...[and] it would be vastly better from a financial stability standpoint and a market standpoint, and an equity fairness standpoint to be able to manage an orderly failure of one of these firms.”...
...The market’s doubts about the probability of closing the deal are reflected in Discover’s share price, which on Wednesday closed well below the almost 27 per cent premium that Capital One has agreed to pay...
...Chinese property developers borrowed heavily on international markets in the past decade, but many have been locked in restructuring discussions and struggled to find sources of funding....
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...The clash should also frame another emerging reality of the Japanese market....
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