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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...
...Within weeks, a US regional banking crisis spurred a panic that ultimately contributed to Credit Suisse’s weekend takeover by UBS....
...Google began testing an experimental AI-powered search service in May last year, presenting more detailed answers to queries while also continuing to present users with links to further information and advertising...
...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 2021, he hired three former Goldman partners — Paul Russo, Scott Rofey and Jeffrey Verschleiser — to lead the risk management of the firm’s equity, macro and rates, and credit divisions respectively....
...There will also be an undisclosed amount of debt financing provided by a group of private lenders including Blackstone Credit, HPS Investment Partners and Blue Owl Capital....
...“The transmission of confidential procedural documents to the plaintiff could permanently undermine the confidence of those subject to Finma in the confidentiality of the information they share with Finma...
...This imposed strict limitations on Corinthia in everything from soliciting Barings’ clients, to hiring Barings’ employees and making use of Barings’ confidential information....
...“Few companies have invested more time and resources than Equifax to ensure that consumers’ information is protected.”...
...The ability to process large volumes of data is particularly important in the fast-growing area of power trading, where the regulated nature of electricity markets produces large amounts of information....
...The US group has moved information that its quantitative researchers use for all markets, including stocks, derivatives, bonds and currencies....
...The deal also included an agreement where Atlas would provide investment management services to some of the assets Credit Suisse retained....
...Still, buyers’ remorse often sets in when the credit card bill arrives....
...“We make so much money because our competition plays in their pyjamas . . . when you have everybody under one roof, information moves much faster between team members who are literally this close to each...
...Capital One and Discover are two of the biggest credit card lenders, behind JPMorgan Chase and Citigroup....
...Decisions about how to implement generative AI have been spread between divisions responsible for its main search and information services; its computing platforms, including Android and the Chrome browser...
...Capital One’s $35.3bn proposed takeover of Discover Financial Services would fuse two leading credit card lenders and give it control of a network that connects consumers, merchants and banks....
...obliviousness offered by private BDCs and other nontraded private credit vehicles....
...Ant’s bid for Credit Suisse Securities (China) Ltd, which includes investment banking and brokerage services in mainland China, could complicate UBS’s plans to dispose of its stake in the unit....
...UBS put the unit, which includes investment banking and brokerage services, up for sale after taking control of Credit Suisse when it collapsed last year....
...“Everyone is losing sight of the fact that this market is too big for just private credit or banks.” Additional reporting by Sun Yu...
...Meanwhile, big money managers nowadays use artificial intelligence to sift through vast data sets such as real-time credit card sales and earnings call transcripts in a never-ending attempt to gain an edge...
...Singles will have to pass an Equifax credit check to sign up for Score, and only those scoring above 675 will be accepted (in the US, the highest score is 850, whereas in the UK it’s typically 999)....
...Argus subsequently grew by acquiring other companies and counts Platts, part of credit rating company S&P, among its competitors....
...Moody’s has cut New York Community Bancorp’s credit rating to junk, citing “high governance risks” and the potential for commercial real estate losses to create “confidence sensitivity”....
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