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...The network of firms in Benko’s Signa group not only borrowed from banks including Julius Baer and UniCredit, but also relied heavily on funding from more than half a dozen insurers, according to documents...
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...Benko has been trying to raise additional capital, turning to investors in Europe as well as the Middle East, but with little success....
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...to no short-term revenue, and as such pursued to fill the enormously huge rocket with thousands of small broadband satellites instead, attempting to create nearer-term revenue by servicing Starlink, a network...
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...The fresh capital reflects the challenge that account-to-account payments could pose to card networks....
...Dutch PM says he will oppose fresh EU funding to counter Joe Biden’s green subsidies package....
...For the anniversary in 1999, an American news network tracked down some of the “heroes of Tiananmen”....
...“Companies and investors are going to be more concerned about protecting capital and maintaining liquidity than they are in the camp of chasing risk by funding LBOs,” said Tim Crawmer, a portfolio manager...
...In April 2015, H2O invested in bonds funding Windhorst’s businesses for the first time....
...Would-be buyers face higher funding costs. Stability, the sine qua non of utilities, is no longer a given....
...On Thursday, the billionaire revealed $7.14bn of funding from 19 investors that helps him forge ahead on his acquisition of the social media group, in one of the largest leveraged buyouts on record....
...Klarna is chaired by Sir Michael Moritz, partner at venture capital firm Sequoia Capital, which has just updated its advice for start-ups facing a bleaker future....
...The expansion franchises, which tentatively would begin play during the 2024 season, come months after the league raised $75mn in its first-ever funding round, valuing it at $475mn....
...Banned from Twitter, Trump ensured a stake and an online megaphone for himself in social media with his own network, Truth Social....
...Firms don’t have access to distribution networks so they have a lot of constraints. I’m trying to work with intermediaries [including fintechs], which allow us to reach out to smaller firms....
...Maybe, this time round, Musk actually has funding secured....
...The company is also backed by Japan’s largest venture capital group, JAFCO....
...Write to the FintechFT team at imani.moise@ft.com and sid.v@ft.com. You can build it, but will they come?...
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