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06.10.25 - 15:39
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Futures Jump On Latest Burst Of AI Euphoria Amid Global Political Turmoil (ZeroHedge)
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Futures Jump On Latest Burst Of AI Euphoria Amid Global Political Turmoil
Stock futures are higher again as traders stay positive on the upcoming US earnings season, ignore the government shutdown (though federal unions are suing to prevent the furloughs from being converted into RIFs) and get a boost from the latest political shock in Japan where pro-stimulus Sanae Takaichi was picked as the next PM (shocking markets and sending the Nikkei soaring and the yen crashing) as well as the latest chip deal out of Nvidia and AMD. As of 8:00am ET, S&P futures are up 0.3%, on pace for a new record high after the index gained more than 1% last week, with Nasdaq futs up 0.8% boosted by a 20% gain in AMD which soared after signing a chip deal with OpenAI that could generate tens of billions of dollars in new revenue. Tesla rose after teasing a product announcement. Comerica surged after Fifth Third Bancorp agreed to buy the financial services firm in a $10.9 billion deal. There was international d...
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06.10.25 - 14:01
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Fifth Third to Buy Comerica in $10.9 Billion Stock Deal (Bloomberg)
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Fifth Third Bancorp agreed to purchase Comerica Inc. for about $10.9 billion in stock, in a deal that will create the ninth-largest bank in the country, with about $288 billion in assets. Herman Chan of Bloomberg Intelligence has the details on Bloomberg Television. (Source: Bloomberg)...
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06.10.25 - 12:33
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Fifth Third to Acquire Comerica (Business Wire)
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Merger Delivers Compelling Value to ShareholdersCINCINNATI & DALLAS--(BUSINESS WIRE)--Fifth Third Bancorp (Nasdaq: FITB) and Comerica Incorporated (NYSE: CMA) today announced that they have entered into a definitive merger agreement under which Fifth Third will acquire Comerica in an all-stock transaction valued at $10.9 billion. Under the terms of the agreement, Comerica's stockholders will receive 1.8663 Fifth Third shares for each Comerica share, representing $82.88 per share as of Fifth Third's closing stock price on October 3, 2025, and a 20% premium to Comerica's 10-day volume-weighted average stock price. At close, Fifth Third shareholders will own approximately 73% and Comerica shareholders will own approximately 27% of the combined company.
This transaction brings together two long-tenured banking franchises to create the 9th largest U.S. bank with approximately $288 billion in assets. The combination is expected to be immediately accretive to shareholders; deliver peer-leading efficiency, ret...
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02.10.25 - 18:21
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LawFi Appoints Doug Hathaway as Co-Founder and CTO/CPO (Business Wire)
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Fintech veteran brings 20 years of expertise to legal fee lendingJACKSONVILLE, Fla.--(BUSINESS WIRE)--LawFi, a pioneering legal fintech lender and the inventor of the “legal fee loan,” today announced that Doug Hathaway has joined the company as co-founder, chief technology officer (CTO), and chief product officer (CPO). In his new role, Hathaway will lead the development team through the company's rollout in Florida and beyond.
In 2011, Hathaway co-founded DadeSystems, a payments automation company that grew into a leading SaaS platform serving Fortune 500 enterprises and top U.S. banks, including Wells Fargo and Fifth Third Bank. As CTO, he scaled the platform to automate millions of monthly transactions totaling hundreds of billions of dollars annually, culminating in a successful sale to Great Hill Capital's portfolio company, Versapay, in 2022.
At Versapay, Hathaway led the Cash Application platform, guiding engineering integration and go-to-market efforts. His leadership helped double the plat...
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