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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...
...Consolidated financial statements are supposed to present the finances of a parent and its subsidiaries as a single group....
...However, new rules introduced by Ofwat last year prevent the payment of dividends from the operating company if they put the company’s financial resilience at risk or if a utility underperforms on social...
...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...
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...Ng has also overseen more of CICC’s services being offered in Singapore....
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...Macquarie put in place a so-called “whole-business securitisation”, where the utility’s cash flows service different tiers of debt....
...McKernan told the Financial Times he wants to monitor compliance with those “passivity letters” by asset managers....
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...Margherita now says she is entitled to a stake in Dicembre, Exor’s parent company, based on her allegedly unlawful exclusion from her mother’s will....
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...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...
...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....
...Thames Water, the UK’s largest provider of water and sewage services, has come under increasing financial strain as higher interest rates make servicing its £18bn debt pile more expensive....
...On Monday, the Virginia-based bank said it had agreed to acquire Discover Financial Services for $35bn, to be paid all in stock....
...Facebook’s parent company said on Thursday its latest model, Llama 3, has “vastly improved capabilities”, including the ability to reason, in a step towards human-level intelligence....
...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....
...*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....
...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....
...The writer is professor of finance at the graduate school of business at Stanford To maintain financial stability and protect investors, it is critical that companies dealing in government securities are...
...A post mortem by the Financial Stability Board found Swiss authorities would have been capable of shutting down Credit Suisse....
...venture is Leslie Lieberman, an executive who got his start at former investment bank Drexel Burnham Lambert, worked on mergers and acquisitions at Kidder Peabody and bought banks in the wake of the 2008 financial...
...An OCC spokesperson said the agency had “not received a filing from Capital One regarding Discover Financial Services”....
...Chief financial officer Christophe Salmon and executive director Jose Maria Larocca are due to leave Trafigura in the second shake-up of the commodity trader’s leadership in seven months....
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