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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...
...JPMorgan started actively exploring a deal in mid-2021, but abandoned the effort in mid-2022 when it failed to convince Discover of its merits, people familiar with the matter told the Financial Times....
...Griggs said that having tax under one umbrella reflected how clients bought services from PwC....
...Munich prosecutors told the Financial Times last week that their investigation was ongoing, and declined to comment further....
...“People are still knocking on our doors and wanting to come to Singapore,” he said....
...In the motion, which was seen by the Financial Times, the lawyers demanded the court establish that all of EY’s German business units remain liable for potential damages....
...Jonathan Brown, consultant at Ankura, said the European rules needed to adapt to keep up, as investors and owners resort to “previously unforeseen financial structures”....
...an Argentine naval vessel during a protracted tussle with the Latin American nation — British water company legislation restricts the ability of bondholders to seize assets if Thames Water is unable to service...
...McKernan told the Financial Times he wants to monitor compliance with those “passivity letters” by asset managers....
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...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....
...People with direct knowledge of the ruling told the Financial Times earlier this week that the watchdog concluded that the audits were “at the very least” negligent, and in some cases grossly negligent,...
...People close to both sides of the family have described the relationship as “historically fraught”....
...Spac Saviour A Spac deal involving Donald Trump’s social media platform Truth Social could provide the former US president with a financial lifeline to pay a $454mn penalty, the New York Times writes....
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...On Monday, the Virginia-based bank said it had agreed to acquire Discover Financial Services for $35bn, to be paid all in stock....
...In debt financing, default rates are a guiding metric for investors, measuring how often a financial obligation is unmet....
...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....
...It’s not clear how it will fit into today’s business processes, or how readily people will adapt to using it....
...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....
...A post mortem by the Financial Stability Board found Swiss authorities would have been capable of shutting down Credit Suisse....
...In India — a global hub for back-office services — more than 5mn people work in IT and business process outsourcing, according to industry group Nasscom....
...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...
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