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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....
...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 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,...
...“We know that our bid was worth €200mn more than the Liberty bid,” Emanuel told the Financial Times, adding that he did not understand why Bridgepoint had rejected the higher offer....
...The company plans to move in 2026 when the lease on its office in One Canada Square expires....
...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....
...Elliott is just one of a number of distressed debt investors that have rushed to buy Thames Water’s bonds in the belief that nervous fund managers are selling them for less than they are worth....
...When the bill comes due, Capital One Financial will need to show it has the funds....
...In debt financing, default rates are a guiding metric for investors, measuring how often a financial obligation is unmet....
...An OCC spokesperson said the agency had “not received a filing from Capital One regarding Discover Financial Services”....
...It said it would increase capital spending in support of the technology behind chatbots and smart assistants....
...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...
...[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 board of the Federal Deposit Insurance Corporation on Thursday was scheduled to vote on the proposals, one from Republican member Jonathan McKernan and the other from Rohit Chopra, a Democrat....
...Donald Trump is losing support from small donors, US lender Capital One has agreed to buy rival Discover Financial for $35.3bn, and Barclays updated investors on its strategy for the first time in eight...
...One bit of good(ish) news is that Manulife has relatively deep pockets, and thus can absorb this blow....
...Porticoes Capital will seek to take over banks closed by the Federal Deposit Insurance Corporation, the US regulator, according to an official filing....
...Clearing houses are a mundane but vital piece of financial market infrastructure that exist to prevent crises cascading through the system....
...McKernan told the Financial Times he wants to monitor compliance with those “passivity letters” by asset managers....
...For example, there would be a one-day mismatch if a manager wished to sell a European stock trading on T+2 and buy a US stock trading on T+1, he said....
...At the height of the global financial crisis in 2009, distressed exchanges made up just over two-fifths of all US corporate defaults....
...It would continue to use capital and expertise to support clients in their energy transition and managing climate risk....
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