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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....
...Blue Owl has been one of the private capital industry’s most acquisitive groups since it went public in 2021 through the merger of its lending unit, once named Owl Rock Capital, with Dyal Capital, a group...
...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,...
...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....
...The proposed deal values Hayfin at more than €1bn, one of the people briefed on the situation said....
...As RBC Capital Markets analysts correctly point out, “the wisdom of the last few years of capital allocation has been debatable”....
...CVC Capital Partners, one of Europe’s biggest private equity firms, has approached Big Four accountancy group EY about buying its Italian consulting arm, according to people familiar with the matter....
...wisdom on financial markets....
...The UK financial regulator has banned and fined James Lewis, the former chief executive of brokerage Shard Capital, for providing incorrect information about clients’ cash balances....
...An OCC spokesperson said the agency had “not received a filing from Capital One regarding Discover Financial Services”....
...As a journalist and an editor, I still think it’s one of the most important metrics in the political economy that the Financial Times can keep tabs on....
...But Jamie Dimon, the bank’s chief executive, doesn’t like the proposed capital requirements one bit....
...KKR, one of the pioneers of the $15tn private capital industry, is hastening plans to sell large investments or take them public after higher interest rates caused a two-year slowdown in takeovers and initial...
...The ECB, for its part, has said that it lacks data on asset-backed securities and other structured products issued by financial corporations that are eligible as collateral....
...[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.”...
...Apollo, Carlyle and KKR are studying separate bids for Pension Insurance Corporation ahead of a deadline this week, as big private capital groups look for a way into the thriving market for UK corporate...
...In today’s newsletter: Getting rich on CVC Consulting firms trim down Blackstone bids for Hipgnosis CVC’s stakeholders get ready for their payday CVC Capital Partners, one of Europe’s biggest private...
...But unless he takes the stand, the real story behind the alleged scheme may remain a mystery to the financial world, which is still wondering how one man could make billions of dollars disappear in a matter...
...Miles Celic, chief executive of financial services lobby group The CityUK, welcomed the announcements....
...The UK accounting watchdog has imposed multimillion-pound fines on PwC and EY for failures in their audits of London Capital & Finance, the defunct investment group at the centre of one of the biggest retail...
...The City of London’s political head has said there are no “deal breakers” for the financial district as it seeks to entice big companies to relocate their headquarters from other parts of the capital or...
...As a career path, it is increasingly viewed as “offering more stability and agency over one’s financial independence” than traditional companies, he notes....
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