Deal Financial News

Following the failure of its acquisition agreement with Robinhood (HOOD), cryptocurrency platform Ziglu is in discussions with investors interested in buying it for a lesser price, according to a 23 March report.

Former British Prime Minister Boris Johnson is in the process of adding a historic country mansion to his property portfolio in a £3.8m cash deal, according to sources with knowledge of the transaction.

The Central Bank of the UAE (CBUAE) is inching closer to fully launching its central bank digital currency (CBDC), the 'Digital Dirham', for domestic and cross-border payments.

City brokers Cenkos and FinnCap are merging in a deal that will create a new group valued at £43m and shows continued consolidation in the sector.

Swiss market regulator Finma has issued an explanation for its decision to wipe out $17bn in Credit Suisse AT1 bonds as part of the UBS rescue deal.

Asset management M&A is complicated at the best of times. Last weekend’s shotgun wedding between UBS and Credit Suisse is no exception.

Hedge fund managers see UBS’ rescue deal for rival Credit Suisse as a dent in Switzerland’s reputation as a banking hub.

Trading platform eToro has secured $250 million in funding at a $3.5 billion valuation, the company announced on March 21. The Israel-based firm raised capital for the first time since 2018 after failing to go public last year through a special purpose acquisition company (SPAC) merger. 

Just a few weeks ago, 300 of Credit Suisse’s top dealmakers gathered in New York to hear the vision for the Swiss bank’s new ‘super-boutique’ CS First Boston.

UBS's acquisition of cross-town rival Credit Suisse at the behest of Swiss regulators for a mere $3.2bn is the most significant banking tie-up since the 2008 financial crisis.

The demise of banking giant Credit Suisse sent shockwaves through financial markets and appears to have dealt a blow to Switzerland's reputation for stability, with one executive suggesting investors will now look at the mountainous central European country as «a financial banana republic.»

Shares of Credit Suisse and UBS led losses on the pan-European Stoxx 600 index on Monday morning, shortly after the latter secured a 3 billion Swiss franc ($3.2 billion) «emergency rescue» of its embattled domestic rival.

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The District Court of the Southern District of New York declined the United States government’s reasonings for halting the acquisition of bankrupt brokerage company Voyager by Binance.US. According to Judge Michael Wiles, any protractions with the deal will harm the interests of Voyager’s former clients, who are waiting to return their funds. 

The plan by insolvent lender Voyager Digital to sell its digital assets to cryptocurrency exchange Binance.US includes a clause that would preclude U.S. authorities from bringing legal action against anyone connected to the sale.

Plans by Binance.US to acquire the assets of Voyager Digital, a collapsed cryptocurrency brokerage, have hit a snag following a demand by the US government to put the proposed deal on hold. 

LONDON — U.K. startups are breathing a sigh of relief Monday, after HSBC announced it would buy a subsidiary of collapsed U.S. tech startup lender Silicon Valley Bank.

It was a deal they never set out to do. But when executives at US investment firm Elliott Advisors found themselves suddenly owning one of Europe’s greatest football clubs, they ended up striking gold.

The United States Department of Justice (DOJ) has filed an appeal against the latest decision in the case for the selling of assets between Voyager Digital and Binance.US.

Bankrupt crypto lender Voyager Digital is allowed to sell its assets to Binance's American arm, Binance.US, and transfer its customers to the exchange - but this is not the end. 

[content][quote]Big Story[/quote][title]Web3 Platform Few and Far Raises $10.5 Million in Funding Round[/title][body]British Virgin Islands-based digital Collectibles web3 platform Few and Far on Friday announced that it has raised $10.5 million in a funding round led by Pantera Capital, a blockchain investment firm. The funding round also included other prominent investors such as Cypher Capital, Huobi Ventures, Hypersphere, Metaweb, Mantis Partners, and K5 Global. According to the company, the new funds will be used to expand the platform's capabilities, enhance user experience, and increase the number of web3 developers. IP owners are also expected to benefit from the platform, which provides an all-inclusive suite of developer tools to carry out everything related to next-generation digital collectibles. Details here.[/body][/content]