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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...
Talks show largest US lender’s appetite for a payments network to support its credit card business
...In December, Mejuri released its first collection made with lab-grown diamonds, using SCS Global Services-certified stones, consisting of 12 designs that reimagine some of its existing natural diamond styles...
...Adding new services such as debt advisory will be expensive and take time, said rivals. But doing so would make profitability less cyclical, said Panmure and Liberum as they announced the deal....
...As part of Diamond’s restructuring agreement, subject to approval by a US bankruptcy court in Texas, Sinclair will pay Diamond $495mn in cash and continue to offer management and support services during...
...Diamond, one of the best known figures on Wall Street and the City of London, launched Atlas Mara in 2013 after his departure from Barclays....
...First, by adding another plank to its Prime service, it can create more loyalty among customers who are charged nearly $200 a year for free package deliveries as well as streaming video....
...Anglo has sounded out potential buyers of its De Beers diamond business, including Gulf sovereign wealth funds, luxury houses and wealthy individuals in recent weeks, according to two people familiar with...
...BHP’s offer comes up against a legacy that began in 1917, when Ernest Oppenheimer, a diamond trader born in Germany, raised £1mn to found the Anglo-American Corporation to mine gold around Johannesburg....
...an Argentine naval vessel during a protracted tussle with the Latin American nation — British water company legislation restricts the ability of bondholders to seize assets if Thames Water is unable to service...
...Diamond declared Chapter 11 bankruptcy last year....
FDIC board postpones votes on rival proposals that have alarmed the fund management industry
Plus, Shein considers London for its IPO and Blackstone strikes a deal with Barclays
...Regulators are worried that Big Tech companies may be taking advantage of AI companies’ insatiable need for computing power to train large language models, by luring cash-strapped start-ups to their cloud services...
...“This merger will lift the level and quality of service to mid and small-capbusinesses and investors in the UK and beyond,” Diamond said in a statement.Ricci was one of Diamond’s key lieutenants at Barclays...
...It has already rolled out a large range of services, including meeting transcription and spreadsheet analysis, available for $30 per person, per month....
...Demand for Microsoft’s AI services boosted sales by 7 percentage points during the quarter, up from 6 in the previous quarter and 3 in the one before that....
...“To me, it looks like a diamond, it sparkles like a diamond and makes me feel like I’m wearing a diamond,” says the 36-year-old writer and actor, who lives in New York....
...Results at BofA, like its large competitors, were also dragged down by costs tied to last year’s regional banking crisis after the Federal Deposit Insurance Corp imposed another round of fees on the nation...
...Moreover, such institutions often accompany lending with advisory services to clients to build their capacity. Such factors may explain the lower defaults and superior recovery rates....
Proposals would demand asset managers show they are not seeking to control lenders in which they have large stakes
...On Monday, the Virginia-based bank said it had agreed to acquire Discover Financial Services for $35bn, to be paid all in stock....
US activist’s interest comes as London-listed SMIT has fallen out of favour
...*Ignites Europe is a news service published by FT Specialist for professionals working in the asset management industry. Trials and subscriptions are available at igniteseurope.com....
...Its own generative AI-supported services will benefit from improvements that come from the public....
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