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...Blackstone president Jonathan Gray told the Financial Times last May the world’s largest private capital group — which has $1tn of assets under management — could become a “valuable partner” to banks looking...
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...Nvayo has already lost three of the four banks that it used to safeguard client money....
...The new rules, known as Mifir, come into force on March 28.Dark trading typically takes place away from exchanges, at venues run by big banks such as Goldman Sachs, which would likely benefit from a rise...
...into the world’s first global “financial supermarket”....
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...Fairbank’s Capital One, a major credit card issuing bank, believes it can boost Discover’s credibility with merchants and create a cheaper experience across the payments value chain....
...Bank of America analysts said the capital raise and new leadership should “provide breathing room” to the bank....
...The idea for an “intermittent trading venue” was part of measures set out by Hunt in his Edinburgh reforms package in 2022 in an effort to boost the UK’s position as a global financial centre....
...Still, rather than simply competing head-to-head with private credit, banks have made the calculation that they must embrace the new world and form their own copycats....
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