Companies Financial News

07.07 / 11:39
companies Credit Suisse reports Credit Suisse faces $49m damages bill in Japan over sale of Greensill-linked bonds - reports
The plaintiffs allege that the bank misrepresented the products when it sold the securities.
07.07 / 08:03
companies Odey Asset Management reports Six more women accuse Crispin Odey of sexual misconduct - reports
Two of the women worked as receptionists at Odey AM and one was an intern.
06.07 / 13:55
companies Unit trusts/OEICs Odey AM Odey Brook Asset Management Odey Asset Management to reopen Odey Special Situations fund
The Odey Special Situations fund is the second suspended fund to reopen.
06.07 / 12:27
BlackRock partnership companies boost Brown Shipley owner partners with BlackRock to boost investment capabilities
Chris Allen (left), Quintet Group CEO and Stephen Cohen (right), head of EMEA at BlackRock
06.07 / 07:33
companies Acquisition private credit Man Group to acquire $11.8bn US private credit manager
Incoming Man Group CEO Robyn Grew (pictured), said Varagon will be an «additional investment engine».
05.07 / 16:43
inflation companies Drop Mattioli Woods sees AUM drop 8%
Ian Mattioli, chief executive and co-founder of Mattioli Woods
05.07 / 14:33
companies FCA Chinese chemical manufacturer to raise $100m on London Stock Exchange
The Shenzhen-London Stock Connect, part of the London Stock Exchange Stock Connect, provides investors and companies in the UK and China with mutual access to each other’s capital markets | Credit: iStock
05.07 / 07:47
regulation companies Financial Services Wealth managers financial conduct authority FCA Investigations FCA confirms investigations into Crispin Odey and Odey Asset Management
While the investigations were opened in mid-2021, Rathi said the regulator had been engaged in “intensive” supervision of Odey AM since 2020. | PA Images / Alamy Stock Photo
05.07 / 07:47
BlackRock companies Investment trusts Cadarn Capital launches with trio of trust partners
Pershing Square Holdings, RTW Biotech Opportunities and CVC Income & Growth have partnered with the firm, representing a combined AUM of £10.4bn.
04.07 / 15:09
UBS companies Credit Suisse Swiss Takeover Swiss foundation Ethos joins legal case against UBS takeover of Credit Suisse
Ethos, Swiss Foundation for Sustainable Development, is composed of 250 Swiss pension funds and public utility foundations, which aim to promote socially responsible investment.
04.07 / 10:57
M&A acquisitions companies boost Foresight Foresight Group eyes more M&A as acquisitions boost assets
Two strategic acquisitions during the year helped boost the group’s assets by £3.3bn.
04.07 / 07:41
companies Unit trusts/OEICs Odey AM Odey Asset Management eyes restructure of Odey European Inc and OEI MAC funds
Freddie Neave would remain as manager and be rehoused at the new investment manager for the funds
03.07 / 11:43
companies WisdomTree WisdomTree receives shareholder pushback following chair appointment
In the firm’s annual general meeting last month (16 June), WsidomTree chair Frank Salerno lost his re-election bid to ETFS Capital nominee Tonia Pankopf
01.04 / 08:31
Banks Investors companies Bank regulatory Banks warier of serving crypto clients after blowups, regulatory scrutiny
US banks, already hesitant to work with crypto customers, are now even warier of providing services to the industry after a string of regional-lender collapses and amid heightened scrutiny by regulators. The closure of crypto-friendly Silvergate Capital Corp. and seizure of Signature Bank has left crypto firms struggling to find new banks for depository and payment services. While there's no blanket ban on serving crypto clients, financial firms are imposing lengthy application procedures, turning away smaller companies and some retail platforms, and in some cases shutting the door on crypto businesses altogether, according to industry participants, investors and bank executives. Cross River Bank, for example, received requests from more than 100 new clients not all of whom were crypto companies seeking a safe harbor for their deposits within days of SVB Financial Group's Silicon Valley Bank and Signature collapsing, according to a person with direct knowledge of the bank's business. The closely held company turned down almost all those requests, the person said. The bank is «only considering companies with existing relationships with Cross River that are blue-chip customers and integral to the fintech ecosystem,» said Eden Hoffman, a spokesperson for the Fort Lee, New Jersey-based lender. Among the few crypto companies that have won over the bank is stablecoin issuer Circle Internet Financial., which expanded a partnership with Cross River, announced after Silicon Valley Bank failed.
10.02 / 18:41
cryptocurrency Binance Forbes companies stake Crypto exchange Binance to take $200 million stake in Forbes
Major cryptocurrency exchange Binance will make a $200 million investment in Forbes, the media company said on Thursday, with the platform taking a stake through a publicly traded special purpose acquisition company (SPAC).
07.02 / 13:05
business companies Auto Maruti Suzuki opens bookings for new Baleno
Maruti Suzuki India (MSI) on Monday said it has commenced bookings for the new version of its premium hatchback Baleno. Customers can book the new Baleno with a payment of Rs 11,000, the auto major said in a statement.
05.02 / 03:48
companies IndusInd Bank moves NCLT against Zee Entertainment over Rs 83 crore default
IndusInd Bank Limited has moved National Company Law Tribunal (NCLT), Mumbai Bench claiming default of Rs 83 crore by Zee Entertainment.
20.12 / 13:34
Gold companies Bitcoin Crypto attracts more money in 2021 than all previous years combined
crypto, or more than in all previous years combined for the little more than decade-old technology. That’s almost quadruple the previous high of around $8 billion in 2018, or the year following Bitcoin’s more than 1,300% breakthrough gain, according to transaction data compiled by PitchBook Data Inc.
19.11 / 11:21
business cryptocurrency companies Defy raises $5.5 million to build India's first social crypto exchange
Fintech startup Defy on Thursday said it has raised $5.5 million (around Rs 40.79 crore) in a funding round to build India’s first social crypto exchange.

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