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11.12.24 - 03:45
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Blackstone sees North America private equity exits doubling next year (Reuters EN)
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REUTERS NEXT-Blackstone sees North America private equity exits doubling next year Blackstone anticipates rebound in IPO and M&A activity in 2025 Lower interest rates expected to boost leveraged buyout volumes Generative AI boom seen as key growth driver for Blackstone Adds more background on Blackstone in paragraph 6-8, quote in 16 By Milana Vinn, Echo Wang and Carolina Mandl NEW YORK, Dec 10 (Reuters) - Blackstone BX.N expects an improved environment for mergers and acquisitions and a pickup i...
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10.12.24 - 23:01
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PNC says banks with core retail deposits could be M&A targets (Reuters EN)
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UPDATE 1-PNC says banks with core retail deposits could be M&A targets Adds comments on bank earnings in paragraph 6-7 Trump's administration may boost bank M&A activity Large regional banks likely to be involved, experts say By Saeed Azhar, Pritam Biswas Dec 10 (Reuters) - PNC Financial Services Group PNC.N would look at banks with core retail deposits in the right markets for mergers and acquisitions but would avoid lenders with heavy real estate exposure, its CEO said on Tuesday....
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10.12.24 - 22:44
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Mexican fintech Klar becomes the latest to vie for banking license (Reuters EN)
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Mexican fintech Klar becomes the latest to vie for banking license MEXICO CITY, Dec 10 (Reuters) - Mexican financial tech startup Klar said on Tuesday it will apply for a banking license, making it the latest competitor in Mexico - where around half the population remains unbanked - to do so. Other so-called fintechs such as Nubank, Revolut and Mercado Pago have applied for or received the license in recent months....
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10.12.24 - 18:54
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Walgreens Shares Spike Off 28-Year Lows On Private-Equity Interest; Report (ZeroHedge)
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Walgreens Shares Spike Off 28-Year Lows On Private-Equity Interest; Report
Having plunged from over $105 billion market cap in 2015 to less than $8 billion currently (amid mounting pressures on both its pharmacy and retail businesses), it appears Walgreens Boots Alliance (WBA) has got cheap enough to spark private equity interest.
The Wall Street Journal reports that WBA is in talks to sell itself to a private-equity firm in a deal that would take the pharmacy chain off the public market after its shares have been on a downward slide for nearly a decade.
WBA and Sycamore Partners have been discussing a deal that could be completed early next year, assuming talks don't fall apart, according to people familiar with the matter.
WBA shares are soaring on the news (after an initial halt for volatility). WBA is up 25%, just shy of October's highs...
And judging by the massive short-interest, it could go dramatically higher...
Any deal would be a big bite for Sycamore, a New York-based firm that sp...
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10.12.24 - 17:24
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Car finance scandal could be as big as PPI and cost UK banks £30bn (The Guardian)
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FCA lawyer admits scale of compensation from secret commission payments could be larger than first thoughtBritain's car finance scandal could end up being as big as the payment protection insurance (PPI) mis-selling saga, which cost UK banks £50bn, the City regulator's top lawyer has admitted.Stephen Braviner Roman, the Financial Conduct Authority's general counsel and executive director in charge of legal affairs, said October's shock court of appeal ruling into car finance commission arrangements vastly expanded the scope of potential consumer compensation. Continue reading......
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