Corporate Actions
- Finance
Banks gear up for a deal slowdown
Wall Street’s latest deal-making boom began to weaken in 2022. The industry is bracing for the slowdown to drag into…
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Weekend reads: What’s ahead for the stock market after that brutal first half of 2022
The first half of 2022 marked a big change for investors and consumers, as inflation reared its ugly head. It…
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Nutmeg CEO steps down after JPMorgan takeover: ‘I am now taking some time out’
The boss of the UK’s largest digital wealth manager Nutmeg has stepped down following the firm’s buyout by JPMorgan. A…
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‘Greenwashing’ Isn’t About Consumers
Sign up for The Weekly Planet, Robinson Meyer’s newsletter about living through climate change, here. In February, Bank of America…
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Three Arrows Capital falls into liquidation as crypto winter bites
Cryptocurrency-focused hedge fund Three Arrows Capital has gone bust, becoming one of the most prominent victims yet of the so-called…
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Celsius’ crypto faithful have a plan to avoid bankruptcy
An internal storm is brewing at crypto lender Celsius over its potential plans to file for bankruptcy, with some involved in…
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The Fintech Files: Will Celsius customers hit HODL?
Customers of the beleaguered crypto lender Celsius have had withdrawals frozen for more than two weeks – now, some involved in…
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‘Just buy somebody’: Private markets push will fail without deals, says LCM boss
The chief executive of Brookfield-backed alternatives firm LCM Partners says asset managers pushing into private markets will fail without making acquisitions,…
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Investment bank fees fall by $24bn as deal boom loses steam
Dealmaking fees at top investment banks slumped by as much as 56% during the first half of 2022, as recessionary fears and…
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Pinterest stock rallies after Google exec named CEO as Silbermann steps down
Shares of Pinterest Inc. rallied 4% in the after-hours session Tuesday after the social-media company said co-founder Ben Silbermann is…
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How long will stocks stay in a bear market? It hinges on if a recession hits, says Wells Fargo Institute
When the S&P 500 officially dropped into a bear market on June 13, closing down more than 20% from its…
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Apollo’s bid for Boots fails as Walgreens abandons £5bn sale
The blockbuster sale of UK chemist Boots has reportedly been abandoned amid uncertainty in the debt markets. Walgreens Boots Alliance,…
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FTX boss Sam Bankman-Fried dismisses reports of Robinhood acquisition
Sam Bankman-Fried, chief executive at crypto exchange FTX, said the company is not having any active mergers and acquisitions conversations…
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Goldman Sachs, Wells Fargo up shareholder dividends after Fed gives green light
The largest US banks said they would increase payouts to shareholders after the Federal Reserve said the banks are able…
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Corporate governance and audit reform – watered down or pragmatic?
Jim Oulton and Tim Shepherd are partners in the litigation and dispute resolution department of Mayer Brown International where they…
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Goldman Sachs says Coinbase may need more job cuts as it downgrades to ‘sell’
Coinbase has come under more pressure after Goldman Sachs downgraded the embattled crypto exchange’s stock to a ‘sell’ rating and…
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Spirit Airlines stock sinks after Frontier sweetens deal
Frontier Group Holdings Inc. has upped the deal to snap up Spirit Airlines Inc. as the two ultra-low-cost airlines try…
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EY breakup faces tough questions on partner pay and bear market
EY’s leaders, trying to persuade partners to split up the firm, said windfalls would be spread evenly, but a bear market…
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These dividend stocks yield at least 5% and have plenty of room to raise payouts
This year’s stock price declines make for an increasing number of stocks with high dividend yields of at least 5%.…
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Perella Weinberg hires Barclays dealmaker in private markets push
Perella Weinberg Partners has hired a senior dealmaker from Barclays as the boutique continues to expand its coverage of private…
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Martin Gilbert’s AssetCo strikes deal for SVM to build Edinburgh hub
AssetCo, the deals company set up by fund management veteran Martin Gilbert, has snapped up Edinburgh-headquartered SVM Asset Management to help…
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How Robinhood’s fairy tale started to unravel
Few companies embodied the market mania of the past two years quite like Robinhood. The flashy online brokerage ushered in an…
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Klarna cuts fundraising targets as it mulls lower valuation
Klarna Bank is considering raising fresh funds at a significantly lower valuation than it achieved a year ago, according to…
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Natixis affiliate Mirova snaps up renewable energy investor in emerging markets push
Natixis Investment Managers affiliate Mirova has bought a specialist private debt firm that finances renewable energy projects in Africa and Asia as…
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Crypto hedge fund Three Arrows mulls bailout as market sell-off batters investors
Cryptocurrency-focused hedge fund Three Arrows Capital Ltd. has hired legal and financial advisers to help work out a solution for…
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Why a Credit Suisse takeover post-Archegos would need a very bold bidder
Five months ago, following the resignation of Sir António Horta-Osório as chair of Credit Suisse, I suggested it might be a…
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Biden sued by climate groups using novel legal argument to stop oil and gas drilling
Using an untested legal argument based on the Endangered Species Act, a coalition of environmental groups sued the Biden administration this…
Read More » - Tech
WSJ News Exclusive | Elon Musk Expected to Reiterate Desire to Own Twitter in Meeting Thursday
Elon Musk is expected to confirm his desire to own Twitter Inc. TWTR 2.07% when he speaks to the social-media…
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Dickson Minto founders step back as secretive private equity law firm eyes succession
The co-founders of the highly profitable private equity legal boutique Dickson Minto have stepped back from their executive roles, as…
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WSJ News Exclusive | Zendesk Is in Settlement Talks With Activist Investor Jana
Zendesk Inc. ZEN -4.92% is in talks to settle with activist investor Jana Partners LLC, days after the software company…
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Will Coinbase go bankrupt? CEO says company has ‘no risk of bankruptcy’
““We have no risk of bankruptcy.”” That’s a quote from Brian Armstrong, chief executive and co-founder of cryptocurrency exchange platform…
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MicroStrategy stock plunges 25% on bitcoin fall
Shares of MicroStrategy tumbled 13 June as investors fretted over what a brutal selloff in cryptocurrencies would mean for the software…
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Top Credit Suisse shareholder ‘supportive’ of right buyer after shares pop on State Street bid report
One of the largest shareholders in Credit Suisse says he may back a potential takeover bid for the Swiss bank. The…
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State Street rules out bid for Credit Suisse after report of takeover offer
State Street denies that it is set to bid for troubled Swiss lender Credit Suisse after a report of an acquisition sparked…
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Credit Suisse CEO Gottstein says he has ‘firepower’ to cut costs amid profit warning
Credit Suisse chief executive Thomas Gottstein said the bank has “firepower” to cut costs in frontline staff, and will scale…
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Tesla files for 3-for-1 stock split
Tesla Inc. has proposed a 3-for-1 stock split in its proxy statement filed late Friday, saying it would provide more…
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State Street, Credit Suisse deal ‘highly unlikely’ say analysts after report of bid sends shares higher
State Street has declined to comment on reports that it is set to make a bid for Credit Suisse, but…
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FirstGroup rejects £1.2bn takeover offer from I Squared
UK bus and train operator FirstGroup rejected a £1.23bn takeover bid from the US private equity firm I Squared saying…
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Deloitte considers audit and consulting split following EY talks
Deloitte is exploring a plan to split its global audit and consulting practices, following an effort by fellow Big Four…
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Stifel acquires mid-market boutique Acxit Partners in European push
US investment bank Stifel has added 50 dealmakers to its ranks in Europe through the acquisition of a boutique. The…
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Here’s what the bipartisan crypto bill has in store for the CFTC, bitcoin and ether
A long awaited bipartisan framework for US federal oversight of cryptocurrencies was unveiled on 7 June, and if passed by…
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Schroders urges FirstGroup to reject £1.2bn takeover bid from US private equity firm
Schroders, the largest shareholder in UK bus and train operator FirstGroup, has urged it to reject a £1.2bn takeover bid…
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Oil prices have jumped. Yet these three energy ETFs remain a relative bargain. Can you cash in?
If you drive a lot, you are suffering whenever you pull into a gas station. But you might make up…
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Elon Musk says Twitter is refusing to keep to the terms of his deal to purchase
Elon Musk said Twitter is refusing to comply with its obligations under its deal to be bought by Musk, and…
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EY’s biggest shake-up in decades could force Big Four to follow
EY’s proposed split of its audit and consulting divisions could put pressure on its Big Four rivals to follow suit,…
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Why Elon Musk’s battle with bots on Twitter is actually personal
In the three weeks since Musk cited fake accounts as a reason for putting his planned $44bn acquisition of Twitter …
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New York Stock Exchange vice chairman says the IPO market may revive after Labor Day
The U.S. initial public offering market was bound to cool off after two sensational years, including 1,015 new offerings in…
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Private equity bosses target Europe’s fragmented healthcare market
Buyout bosses are checking into the clinic. From fertility centres and eye surgeries to vets and therapists, general partners have…
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Elon Musk draws concern from Tesla fans as Twitter bid wavers
Elon Musk’s Twitter takeover comments haven’t just riled the social media company’s executives and staff. They have also frustrated some of the billionaire’s…
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FCA looks to boost London markets with listing reforms
The Financial Conduct Authority is set to loosen the UK’s listings rules to make sure the City continues to attract new…
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