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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...
...“There is a growing fear that even some private capital could leave Singapore in favour of being closer to those faster-growing markets, especially India,” said one Singapore-based venture capital managing...
...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...
...In 2022, the Financial Times reported that Citigroup and Bank of America suspended equity trading with Segantii citing concerns over its bets on the sale of blocks of shares....
...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 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...
...It is right that he won’t be allowed to work in regulated financial services again,” said Steve Smart, joint executive director of enforcement and market oversight at the FCA....
...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...
...Given broad financial market returns of the past decade, that’s pretty mediocre. And remember, these are the endowments that choose to report their returns to NACUBO....
...I think that the overall leverage level today in the market is a lot lower than it was before the great financial crisis....
...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....
...Jeremy Hunt has warned the Financial Conduct Authority against its plan to “name and shame” companies under investigation in an unusual broadside against the UK’s top financial regulator....
...But Berkshire did not permanently increase its performance edge on the S&P in the years surrounding the great financial crisis....
...Money is drying up for one of the signature US economic development programmes of the Trump administration, as investors balk at inflation, higher interest rates and the looming expiry of a lucrative tax...
...When the bill comes due, Capital One Financial will need to show it has the funds....
...Better still for auditors, there is evidence investors are willing to pay for a more robust service....
...Last week European private equity group CVC Capital celebrated a fun fiesta in the capital markets, with balloons and everything....
...The capital infusion will allow Hempel to grow organically as well as through buying up new brands. CVC is one of Europe’s largest private equity groups and manages €186bn on behalf of investors....
...Step One: Raise capital Values are down but by no means out. Around $1.2tn of fresh global private capital was raised in 2023, according to Preqin....
...Graham Tuckwell, chair of ETFS Capital, which owns about 18 per cent of WisdomTree, is urging investors to cast proxy ballots against the reappointment of founder and CEO Jonathan “Jono” Steinberg and two...
...Grant Thornton has said it expects to earn £46mn in fees for running the administration of collapsed supply chain finance company Greensill Capital, making it one of the most costly UK insolvency processes...
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