Hints and tips:
Related Special Reports
...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....
...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...
...The US arm of accounting firm Grant Thornton has agreed to sell a majority stake to the investment group New Mountain Capital, in the largest of a wave of private equity deals that are reshaping the sector...
...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 capital need for sustainable infrastructure and the energy transition is huge,” Ford said in an interview with the Financial Times from the World Economic Forum in Davos....
...Rohit Bhat, managing director of capital markets, exchanges and digital assets at Google Cloud, said that high-frequency trading firms were a segment “that we are working very closely with”....
High-speed trading firm sued hedge fund last week over lucrative options trading strategy it claims were stolen
...around financial sector climate action....
...Bank of America, Barclays, Citigroup, Jump Trading, JPMorgan Chase, Morgan Stanley, Tower Research Capital and Wells Fargo are also investing in FMX....
...When the bill comes due, Capital One Financial will need to show it has the funds....
...The Microsoft-G42 deal appears to be the start of a broader alliance between the US and UAE over AI....
...Tiger Global has raised $2.2bn for its latest venture capital fund, roughly a third of the $6bn target it touted to investors when it first announced the fund in 2022....
...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....
...Alphabet’s capital expenditure rose to $12bn — more than the $10bn forecast — and chief financial officer Ruth Porat said the company would spend at least that amount per quarter for the rest of the year...
...He had met the co-head of Barings’ private finance group Adam Wheeler years earlier, when Wheeler worked at Australian firm AMP Capital, although Weightman said that this brief encounter had no bearing on...
...He was a day-one investor in venture capital giant Sequoia Capital, as well as other leading private capital groups including Benchmark Capital and Hillhouse Investments....
...Some of the biggest deals struck in the quarter included Capital One’s $35bn acquisition of Discover Financial, and chip design toolmaker Synopsys’s $35bn takeover of engineering software maker Ansys....
...In his absence, we have a world-class line-up of Financial Times journos, including Katie Martin on the bull case for dividends....
...Abrdn’s shareholders have been urged by influential adviser Glass Lewis to vote against the asset manager’s pay report because of the incoming chief financial officer’s “significant” salary....
...This included scrapping the investment management deal, which the Financial Times reported last year. At the time, Credit Suisse said a change to the contract would lead to a $600mn loss for the bank....
...An OCC spokesperson said the agency had “not received a filing from Capital One regarding Discover Financial Services”....
...The figures suggest that top managers prioritise careful deployment of investors’ capital, rather than making the fund as large as possible....
...“Firms desperately need capital to transform the business,” he said....
...Alphaville got its mitts on the Palmer Square Capital BDC deck, which you can read here, including a slide showing the investment yield on offer in these vehicles....
International Edition