Corporate Funding
- Finance
What Celsius Network’s bankruptcy case means for other failed crypto platforms
The judge overseeing Celsius Network’s bankruptcy case is expected to decide if the crypto firm has full ownership rights over…
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Redis Names Former Five9 CEO to Head Database Startup
Database startup Redis Ltd. has named Rowan Trollope its new chief executive officer, effective Feb. 1. Mr. Trollope was CEO…
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Fintech Files: BlockFi bust, ex-Celsius directors tell all, Tory super-crypto donor does it again
Just when you thought crypto couldn’t get more chaotic, another firm has filed for bankruptcy — lender BlockFi. The firm was one of…
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Saudi prince sets sights on Credit Suisse spinoff
Saudi Arabia’s crown prince and a US private-equity firm run by Barclays’ former chief executive are among investors preparing to invest…
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Chinese cities announce further easing of COVID curbs, though police are still patrolling streets to stop protests
Major Chinese cities on Thursday announced a further easing of COVID restrictions, as police continued to patrol streets to avert…
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Credit Suisse’s comeback plan hasn’t won over investors yet
Credit Suisse $4.2bn share sale and sweeping restructuring were supposed to regain the market’s confidence. Instead, more investors are betting against the bank.…
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BNP Paribas eyes move into private credit as leveraged lending dries up
BNP Paribas is eyeing a move into private credit, which could provide an alternative source of funding for major M&A deals as traditional…
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Nestle lifts guidances, confirms plan to buy back $21 billion shares over 2022-24
Nestle SA has lifted its full-year organic sales-growth guidance and outlined targets for 2025 ahead of its investor seminar on…
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UK fund manager profit squeeze set to shrink bonuses by 20%
Some of the UK and Europe’s largest fund management houses have seen assets under management shrink this year as volatile…
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Credit Suisse warns of $1.6bn hit in fourth quarter as concerned clients pull investments
Credit Suisse warned it would lose around $1.6bn in the fourth quarter after customers pulled their investments and deposits over…
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Grindr Plans to Focus on Monetization, Subscription Prices After Going Public
Grindr LLC plans to further monetize its services, review subscription prices and beef up its finance team once the dating-app…
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Bank of England boosts bond purchases programme amid ‘fire sale’ risk
The Bank of England added inflation-linked government bonds to its programme of bond purchases after a fresh attempt to extend…
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Fund managers yank Ethereum holdings over regulatory jitters
Fund managers have been dumping digital currency ether from their holdings amid worries that heightened regulatory scrutiny may blunt the digital currency’s expansion.…
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Crypto lender Genesis stops withdrawals in wake of FTX failure
Cryptocurrency lender Genesis told clients that it is suspending redemptions and new loan originations following the collapse of crypto exchange FTX. The swift…
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Deutsche Borse calls its first digital bond ‘the MP3’ for the securities services industry
Deutsche Borse became the first exchange to go live with digital issuances in Germany, under its post-trade service provider Clearstream.…
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Former Microsoft boss bets $400m on Black private equity managers
Steve Ballmer has made a big bet on Black private fund managers, aiming to back top-flight investment talent while helping…
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Credit Suisse staff cuts hit London leveraged finance and ECM teams as swingeing layoffs start
Credit Suisse is making deep cuts to its European leveraged finance and capital markets teams as the Swiss bank began…
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How JPMorgan avoided the paper-loss deals of 2022
Sometimes in investment banking, it is the deals you don’t do. JPMorgan has avoided most of 2022’s so-called hung deals…
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FCA looks to fine Barclays £50m over Qatari capital raisings
The Financial Conduct Authority is seeking a £50m fine against Barclays over alleged disclosure failings around crisis-era capital raising deals…
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Deutsche Bank sets net zero targets to clean up €250bn corporate loan book
Deutsche Bank has set explicit targets to reduce its carbon footprint over the next thirty years, as rival investment banks show…
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BNP Paribas hires Nomura dealmaker Scemama for private deals
BNP Paribas hired a senior Nomura dealmaker for its private placements business, a growing area of focus for both US…
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Deutsche Bank’s dealmaking unit slides by 85% on leveraged loan losses
Deutsche Bank’s dealmaking unit tumbled by 85% during the third quarter as the German lender was hit by losses on leveraged…
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Banks return to finance plans for Elon Musk’s $44bn Twitter takeover
Banks have started to send $13bn in cash backing Elon Musk’s takeover of Twitter according to people familiar with the…
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Crypto lender BlockFi pauses withdrawals in wake of FTX’s collapse
Crypto lending platform BlockFi announced it was halting withdrawals Thursday night in the wake of the collapse of crypto exchange…
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How Credit Suisse plans to raise $4bn
Credit Suisse Group on 31 October disclosed the details of its $4bn capital raise as it aims to source funds to…
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Trading Places: Credit Suisse’s risk overhaul, Bonham Carter leaves Jupiter, Deloitte revamps board
Credit Suisse shook up the senior ranks of its risk management team as it embarks on a radical overhaul of its…
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