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...“We need huge sums of money,” financial services commissioner Mairead McGuinness told the FT. “The public purse of the member states is not enough, so we need private capital to be mobilised.”...
...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...
...It also shows how the Gulf, long seen by many in Silicon Valley as an easy source of funding, is increasingly regarded as a credible technology partner....
...Hunterbrook Media also plans to publish articles on which it takes no financial position, but it is unclear whether it would run stories that could harm the fund’s active trading positions....
...As a big source of funding for one of the world’s wealthiest universities, Princo has set an ambitious long-term return target of more than 10 per cent per year....
...The launch of OpenAI’s ChatGPT chatbot in November 2022 sparked an investor frenzy as start-ups raced to develop and deploy generative AI and attract venture capital funding....
...Private equity group Carlyle and Abu Dhabi investment group IMI have agreed a fresh debt funding package for the Barclay family’s Very Group, the Liverpool-based retail and financial services group....
...Litigation funding — the provision of third-party legal funding by companies, hedge funds and private equity groups in return for a cut of the winnings — has been rapidly growing....
...Bank of America, the nation’s second-largest lender, said as it reported results on Tuesday that new loan growth stalled in the quarter, with BofA’s chief financial officer Alastair Borthwick calling lending...
...News round-up Klarna in talks with banks for US IPO at $20bn value (Bloomberg) Currys rejects higher takeover bid from Elliott (FT) Carlyle and Abu Dhabi’s IMI agree new funding for Barclay family (FT...
...*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....
...Since Alma started in 2020, funding has ranged from £1,000 to £100,000, she adds....
...But what once seemed like niche, add-on services and products are now becoming mainstream....
...The UK’s accounting watchdog has warned that he is “sheriff for only half the county” and forced to “beg” for funding without long-delayed legislation to create a stronger audit regulator....
...In July 2021, the SEC fined UBS Financial Services, now owned by Credit Suisse, $8mn for holding short-term, volatility-linked ETPs for customers longer than designed....
...On Monday, the Virginia-based bank said it had agreed to acquire Discover Financial Services for $35bn, to be paid all in stock....
...The LGA estimates total funding shortfalls over the next two years at £4bn. Many local authorities are already cutting essential services to fulfil a legal requirement to balance their budgets....
...Equity swaps are financial instruments that allow investors to gain exposure to a stock. They are commonly used by hedge funds to build positions in companies and are typically facilitated by big banks....
...Moody’s expects business services, healthcare and “high-tech industries” to have the most defaults this year....
...The company is the most leveraged in the sector and has come under increasing financial strain as higher interest rates have raised the cost of servicing £18.3bn of group debt....
...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....
...Microsoft will provide Figure access to the AI infrastructure, training and storage services of its cloud computing platform Azure....
...Long-dated insurance premiums are becoming the funding of choice. The shift is sufficiently seismic that once overlooked credit firms are now the subject of bidding wars....
...For decades the plans — which promise guaranteed pensions calculated on salary and length of service — formed the bedrock of British workplace pension provision....
...It is just one of several regulations that financial services businesses with cross-Channel operations have been trying to navigate after Brexit....
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