The London-listed fintech Equals Group has extended the ‘put-up-or-shut-up’ deadline for a potential takeover, including to the development of companies departing London’s The AIM-listed funds agency initiated a ‘strategic assessment’ in November and entered into talks with the US-based…
Takeover
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London-based international monetary expertise agency, Ebury, has introduced the acquisition of Prime Monetary Markets, a monetary providers agency based mostly in Johannesburg, South Prime Monetary Markets, a registered monetary providers supplier, focuses on offering monetary market recommendation and middleman…
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In a not-so-shocking revelation, a whopping 73% of banking and insurance coverage executives are donning their pessimism hats, foreseeing their eventual alternative by the ever-looming Generative Generative AI (GAI) refers to Synthetic Intelligence (AI) that may create all kinds…
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Regulation
UBS Posts $29 Billion Q2 Revenue Induced by Credit score Suisse Takeover
by Jeremyby JeremyUBS has posted a internet revenue of billion for the second quarter of 2023, which got here with its first quarterly numbers after finishing the takeover of rival Credit score The astronomical quantity was reached attributable to a…
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UBS (SWX: UBSG) in the present day (Monday) confirmed the compilation of its takeover of Credit score Suisse, making a mammoth Swiss financial institution with a stability sheet of trillion and a workforce of “That is the beginning…
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Regulation
Switzerland Offers $10B Loss Assure to UBS for Credit score Suisse Takeover
by Jeremyby JeremyThe Swiss authorities has sealed a cope with UBS to cowl as much as CHF 9 billion ($10 billion) in losses that is likely to be incurred by the worldwide lender because of its liquidation of rival Credit score Suisse’s…
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Regulation
Swiss Lawmakers Wish to Cap UBS Belongings Following Credit score Suisse Takeover
by Jeremyby JeremyUBS, the Swiss banking big that acquired troubled Credit score Suisse, may have its belongings decreased to 1 / 4 of its holdings if a proposal by a piece of lawmakers in Switzerland succeeds, in line with a neighborhood media…
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Miami Worldwide Holdings (MIH), a US-based trade conglomerate, has finalized its $50 million acquisition of LedgerX from the bankrupt cryptocurrency trade FTX and its LedgerX, one of many few solvent subsidiaries of FTX Founder Samuel Bankman-Fried’s former empire, is…