Buyback Financial News

19.12 / 18:41

business Blockchain Grayscale Buyback Option Grayscale CEO highlights 20% GBTC share buyback option if ETF conversion fails

According to an end-of-year letter to investors published on Dec. 10, Grayscale Investments' CEO Michael Sonnenshein said that the firm may consider "a tender offer for a portion of the outstanding shares of GBTC [Grayscale Bitcoin Trust]" if the latter's exchange-traded fund conversion process is ultimately unsuccessful. Sonnenshein stated that "such tender offer would be for no more than 20% of the outstanding shares of GBTC" and would require both regulatory "relief" from the U.S. Securities and Exchange Commission as well as shareholder approval to approve such offer.

19.10 / 21:39

UPS IPO Target Buyback SPAC liquidations top $12 billion this year as sponsors grapple with tough market, new buyback tax

A new buyback tax has motivated more and more SPAC sponsors to close up shop before the year-end, adding another headwind to the blank-check space already roiled by a tough market environment.

07.10 / 09:27

UPS Buyback Credit Suisse plans $3bn debt buyback to shore up liabilities ahead of restructuring

Credit Suisse said on 7 October that it is offering to repurchase debt securities for a total of close to $3bn as the troubled lender looks to manage its liabilities ahead of a touted restructuring.

30.08 / 23:33

business lending Banks CeFi Buyback Amid crypto winter, Nexo commits additional $50M to buyback program

Crypto lending platform Nexo has increased the size of its buyback program, giving the company more discretionary ability to repurchase its native token to boost interest payments or make strategic investments in the future.

30.08 / 20:49

Ethereum Legal Africa Bitcoin Buyback Crypto Exchange CEO Arrested, Ethereum Scaling, Nexo's Buyback Initiative + More News

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.

10.08 / 16:45

COST Buyback Stock-Buyback Tax Helps Offset Cost of Changes to Inflation Reduction Act

Democrats added an all-new tax on corporate stock buybacks to the tax and spending legislation that narrowly cleared the Senate and is headed for a vote in the House later this week.

29.07 / 11:41

Fighting Buyback Standard Standard Chartered announces $500m buyback as profits rise

Standard Chartered's second-quarter profit rose 6.5% compared with the same period a year earlier, thanks to stronger interest income, as it announced a new $500m share buyback program.

26.05 / 14:03

business Blockchain Binance Terra Buyback Exchanges back 'Terra 2.0 revival plan' via airdrops, listing, buyback and burning

The fall of Terra (LUNA) shook the entire crypto market. However, the project has no plans to stay down as the project secured backing from crypto exchanges to help it rebuild.

12.05 / 18:43

Crime Galaxy Digital Bitcoin Cryptoqueen Buyback Most Wanted 'Cryptoqueen', Galaxy's Buyback, Delayed CBDC + More News

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.

21.03 / 15:29

CoinSwitch Buyback CoinSwitch completes maiden ESOP buyback worth $2.5 mn

Crypto trading platform CoinSwitch has completed its ESOP buyback worth $2.5 million (about Rs 19 crore) within 20 months of operations in India. This is the first-ever ESOP buyback by India's largest crypto unicorn. In less than two years, CoinSwitch has grown from 20 to 500 employees as it expanded its wealth-tech offering to build one of India's first Web3 teams. The company attributes this rapid growth to buoyancy in digital assets. The company now aims to become a wealth-tech major, onboarding into other asset classes and financial products.

21.03 / 14:03

cryptocurrency CoinSwitch Buyback CoinSwitch completes first ESOP buyback worth Rs 19 crore within 20 months of India launch

Crypto unicorn CoinSwitch on March 21 announced the completion of its first-ever ESOP buyback worth Rs 19 crore within 20 months of operating in India.

02.02 / 11:55

COST Buyback fall Julius Baer’s shares fall after bank misses share buyback expectations

Shares in Julius Baer Gruppe fell on 2 February after the lender launched a smaller-than-expected share buyback program and incurred higher costs for 2021, despite also reporting the record levels of net profit.

26.01 / 16:07

business Blockchain Ripple SEC Buyback Ripple announces $200M share buyback and expresses optimism for 2022

Blockchain payments firm Ripple has announced a $200 million Series C share buyback, a decision that will take the San Francisco-based tech firm to a record-high valuation of $15 billion.

17.12 / 18:39

markets Altcoin Altcoin Watch Buyback YFI price gains 46% in just four days after Yearn Finance's $7.5M buyback

Yearn Finance (YFI) emerged as one of the best performers in the crypto market this week, rallying by over 46% in just four days to reach a two-week high above $29,100.

29.10 / 09:45

Strategy Buyback BNP Paribas launches $1bn buyback as profits rise

BNP Paribas on Friday posted higher-than-expected net profit and revenue for the third quarter, and announced a new share-buyback program.

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