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May 23, 2022

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Credit Suisse hires Barclays banker to run Iberia investment banking

Reuters
Logo of Swiss bank Credit Suisse is seen at a branch office in Bern, Switzerland May 2, 2022. REUTERS/Arnd Wiegmann Register now for FREE unlimited access to Reuters.com Register LONDON, May 20 (Reuters) – Credit Suisse has hired a senior Barclays dealmaker to lead its investment banking business in Spain......

Crypto world stabilizes, bitcoin rallies after stablecoin slide

Reuters
Bitcoin hits intra-day high above $30,000 TerraUSD collapse shakes crypto market Analysts say impact on traditional markets limited HONG KONG/LONDON/NEW YORK, May 13 (Reuters) – Cryptocurrencies steadied on Friday, with bitcoin recovering from a 16-month low after a volatile week dominated by the collapse in value of TerraUSD, a so-called......

EQT pushes back Galderma IPO plans amid market turmoil – sources

Reuters
A Swiss flag is pictured on the Federal Palace (Bundeshaus) in Bern, Switzerland December 7, 2018. Picture taken December 7, 2018. REUTERS/Denis Balibouse/ Register now for FREE unlimited access to Reuters.com Register LONDON, May 13 (Reuters) – EQT (EQTAB.ST) is delaying listing plans for its $22 billion skincare firm Galderma......

Musk’s $44 bln Twitter buyout challenged in shareholder lawsuit

Reuters
May 6 (Reuters) – Elon Musk and Twitter Inc (TWTR.N) were sued on Friday by a Florida pension fund seeking to stop Musk from completing his $44 billion takeover of the social media company before 2025. In a proposed class action filed in Delaware Chancery Court, the Orlando Police Pension......

Analysis: Banks face reversal of fortune from war and runaway inflation

Reuters
New era of rising rates renews focus on lending risks Policymakers run recession gauntlet to curb inflation War, geopolitics threaten long-lasting economic pain LONDON/BERLIN, May 6 (Reuters) – Global banks are taking steps to weather the wider impact of war and runaway inflation as the stream of central bank money......

EXCLUSIVE Germany’s SAP hires adviser for $1 bln Litmos software sale -sources

Reuters
The logo of SAP is seen on their offices in Reston, Virginia, U.S., May 12, 2021. Picture taken May 12, 2021. REUTERS/Andrew Kelly Register now for FREE unlimited access to Reuters.com Register LONDON, May 3 (Reuters) – German software firm SAP (SAPG.DE) is working with investment bank Moelis & Co......

Morgan Stanley’s German branch searched by prosecutors

Reuters
BERLIN, May 3 (Reuters) – The German branch of Morgan Stanley was searched by prosecutors in Frankfurt in relation to “past activity” on Tuesday, a spokesperson for the U.S. bank said. German prosecutors said earlier Tuesday that they were searching a bank in Frankfurt as well as the private homes......

UBS trades way through first quarter to land best profit in 15 years

Reuters
The logo of Swiss bank UBS is seen at its headquarters in Zurich, Switzerland February 17, 2021. REUTERS/Arnd Wiegmann Register now for FREE unlimited access to Reuters.com Register ZURICH, April 26 (Reuters) – UBS (UBSG.S) rode strong trading income to post its best first-quarter net profit in 15 years on......

Oil falls, posts nearly 5% weekly loss on growth concerns

Reuters
Pumpjacks are seen during sunset at the Daqing oil field in Heilongjiang province, China August 22, 2019. Picture taken August 22, 2019. REUTERS/Stringer Register now for FREE unlimited access to Reuters.com Register IMF warns of further cuts to global growth forecasts Shanghai lockdown raises concern over Chinese demand Fed Chair......

Exclusive: Goldman, JPMorgan among banks left holding Russian stocks by sanctions switch

Reuters
Traders took on bets when indexes cut Russian stocks Banks have chance to profit when sanctions lifted Clients rue missed chance to share any profits LONDON/NEW YORK, April 22 (Reuters) – A decision last month by FTSE Russell and MSCI to remove Russian stocks from their indexes has left some......

Musk says he has secured $46.5 bln in funding for Twitter bid

Reuters
April 21 (Reuters) – Elon Musk on Thursday said he has lined up $46.5 billion in debt and equity financing to buy Twitter Inc (TWTR.N) and is considering taking his offer directly to shareholders, a filing with U.S. regulators showed. Musk himself has committed to put up $33.5 billion, which......

Credit Suisse expects Q1 loss as legal costs mount

Reuters
The logo of Swiss bank Credit Suisse is seen at an an office building in Zurich May 9, 2014. REUTERS/Arnd Wiegmann Register now for FREE unlimited access to Reuters.com Register Boosts legal provisions by 600 million Swiss francs Sees slowdown in capital markets deals, business activity Expects hit from exposure......

Twitter adopts ‘poison pill’ as challenger to Musk emerges

Reuters
April 15 (Reuters) – Twitter Inc (TWTR.N) adopted a ‘poison pill’ on Friday to limit Elon Musk’s ability to raise his stake in the social media platform, as a buyout firm emerged to challenge his $43 billion bid for the company. Thoma Bravo, a technology-focused private equity firm that had......

U.S. banks build reserves on inflation risk, Russia; trading a bright spot

Reuters
WASHINGTON, April 14 (Reuters) – Some big U.S. banks have again started stockpiling cash to cushion potential loan losses due to growing worries over the war in Ukraine and the impact of inflation on the U.S. economy, although trading continues to be bright spot for Wall Street. JPMorgan Chase &......

S&P 500, Nasdaq dip as rising bond yields pressure growth stocks

Reuters
A Wall Street sign is pictured outside the New York Stock Exchange in the Manhattan borough of New York City, New York, U.S., April 16, 2021. REUTERS/Carlo Allegri/File Photo Register now for FREE unlimited access to Reuters.com Register Twitter slips on Elon Musk’s $43 bln buyout offer Big banks beat......

JPMorgan profit misses estimates as Ukraine crisis stalls dealmaking

Reuters
A J.P. Morgan logo is seen in New York City, U.S. January 10, 2017. REUTERS/Stephanie Keith/File Photo Register now for FREE unlimited access to Reuters.com Register April 13 (Reuters) – JPMorgan Chase & Co (JPM.N) reported a lower-than-expected quarterly profit on Wednesday as dealmaking slowed and the lender started building......

EXCLUSIVE Franchise Group joins bidding for Kohl’s

Reuters
April 12 (Reuters) – Franchise Group Inc (FRG.O), owner and operator of retail stores such as The Vitamin Shoppe and Buddy’s Home Furnishings, has entered the race for Kohl’s Corp (KSS.N) with a $9 billion indicative offer, three people familiar with the matter said. Franchise Group has informed Kohl’s it......

Fintech Nubank nets $650 mln credit line for Mexico, Colombia expansion

Reuters
The logo of Nubank, a Brazilian fintech startup, is pictured at the bank’s headquarters in Sao Paulo, Brazil June 19, 2018. REUTERS/Paulo Whitaker/File Photo Register now for FREE unlimited access to Reuters.com Register MEXICO CITY, April 11 (Reuters) – Brazil’s Nubank , Latin America’s star fintech, is fueling its expansion......

Saxo Bank terminates Russian, Belarussian clients following sanctions

Reuters
A bull statue is pictured in an office at Danish Saxo bank in Copenhagen, January 22, 2015. REUTERS/Fabian Bimmer Register now for FREE unlimited access to Reuters.com Register COPENHAGEN, April 9 (Reuters) – Danish investment bank Saxo Bank said on Saturday it had terminated clients from Russia and Belarus in......

Ex-Goldman banker convicted of bribery, money laundering conspiracy charges in 1MDB case

Reuters
NEW YORK, April 8(Reuters) – Former Goldman Sachs (GS.N) banker Roger Ng was convicted by a U.S. jury on Friday of corruption charges related to his role in helping loot hundreds of millions of dollars from Malaysia’s 1MDB development fund. The charges stemmed from one of the biggest financial scandals......

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