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...“We could become a media [business] . . . a place where you have an audience and data about the audience and you monetise this,” Revolut’s head of growth Antoine Le Nel told the Financial Times in an interview...
...Vitamin Well had annual revenues of roughly €500mn in the 2023 financial year, according to a person familiar with its performance....
SoftBank-backed fintech aims to offer current accounts to existing customers by end of 2024
...Citic, CSC Financial, CICC, Huatai and Guotai Junan did not respond to requests for comment....
...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...
...The pay-off so far has been a record order book reported this month worth $42.7bn for the financial year ending in March....
...He points to the use of co-pilot systems to help reduce mundane tasks in financial services as in other areas....
...The approach underlines private equity interest in the sector and comes after several firms made investments in professional services businesses in the US and Europe....
...The number of employees leaving professional services firms of their own accord has swung to historic lows amid a slowdown in dealmaking, prompting executives to desperately increase what they call “attrition...
...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....
...Sony will list its financial services arm in 2025, providing a boost for investors even as the Japanese group cut its forecast for full=year sales of its PS5 gaming console....
...to German security services....
...It is just one of several regulations that financial services businesses with cross-Channel operations have been trying to navigate after Brexit....
...Burford Capital, dual listed in London and New York, is up 70 per cent in the past year but still below where it was in 2019 when hedge fund Muddy Waters attacked its financial reporting....
Investors should be asking what distinguishes private equity from other, more traditional, investment strategies
...The Post Office, which remained under public ownership when Royal Mail was privatised, made just £500mn of revenues from financial services last year....
...For example, during financial stress different players may seek to use this market to lay off risk, disrupting the market’s normal balance....
...Spending on digital services is particularly buoyant in financial services, experts say, due in part to rising interest rates boosting margins for banks — creating surplus cash for them to spend on IT....
Market sentiment is bound to be more fragile than it was only last week
...Risks to financial stability may also stem from interconnections with other segments of the financial sector....
...The Wall Street Journal reported earlier this year that, in 2022, six financial institutions moved half a trillion dollars from AFS to HTM....
...With the indebtedness of governments, businesses and households at a peacetime record, renewed evidence of financial strains may yet emerge....
Plus, Goldman Sachs goes back to basics and the Swedish powerhouse behind EQT
...The idea of a sale of parts resurfaced following the appointment of former banker and Aviva executive Jason Windsor as Abrdn’s chief financial officer....
European private equity group set to renew push for high-profile listing
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