Private equity group KKR is nearing a deal to buy a large stake in FGS Global that will value the WPP-backed financial communications company at about $1.4bn, according to people with knowledge of the matter. The deal, which may be announced as soon as next week, will mark the latest big investment by buyout groups
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For most of the past two centuries, if you asked a young adult in the west whether they had a better standard of living than their parents enjoyed at the same age, you would have been drowned out by a unity of yesses. More money, more things to spend it on, longer and healthier lives
A few weeks ago, I went to dinner in Manhattan with friends who work in finance on America’s East and West coasts. Nothing odd about that, you might think. But this gathering was memorable: over wine, my companions traded tales about the tactics they and their colleagues had used the previous day to yank deposits
The Indian government has responded to parliamentary questions about the legalization of cryptocurrency and the steps it has taken to prevent crypto-related fraud. “Crypto assets are currently unregulated in India. Frauds relating to crypto are dealt with under extant laws against fraud and cybercrime,” the Minister of State for the Ministry of Finance told parliament.
Sri Lanka’s central bank has issued a warning about “the significant risks associated with using and investing in cryptocurrency.” The central bank reminded the public that “cryptocurrencies are unregulated investment instruments which are not recognized as an asset class in Sri Lanka.” Sri Lanka’s Crypto Warning The Central Bank of Sri Lanka (CBSL) issued a
Satoshi Nakamoto’s original white paper laying out the Bitcoin (BTC) network is seemingly hiding within every modern version of the operating system for Apple’s Mac computers. An April 5 blog post from technologist Andy Baio revealed that a PDF of the Bitcoin white paper has “apparently shipped with every copy of macOS since Mojave in
Roughly 26 days ago and in the following days, the U.S. witnessed two significant bank failures when Silicon Valley Bank and Signature Bank collapsed. After speaking at an event on Monday at Yale University, Janet Yellen, the current U.S. Treasury secretary, told reporters that she was closely monitoring the banking industry. Yellen insisted that “matters
Regulators have appointed BlackRock’s advisory arm to help sell a $114bn portfolio of securities inherited in the takeovers of Silicon Valley Bank and Signature Bank when the pair collapsed within days of each other in March. The fate of the holdings, which consist of mortgage-backed securities, collateralised mortgage obligations and commercial mortgage-backed securities, have rattled
Nine days after publicly listed company Microstrategy purchased 6,455 bitcoins, the firm’s CEO, Michael Saylor, announced the purchase of an additional 1,045 bitcoins. The business intelligence (BI) company now holds a total of 140,000 bitcoins, worth $3.97 billion. Microstrategy Buys Another Batch of Bitcoins Microstrategy has begun acquiring bitcoin (BTC) again, after purchasing 6,455 bitcoins
The legendary creator of Bitcoin, Satoshi Nakamoto, turned 48 years old today, at least according to information provided to the global network P2P Foundation when they registered. Though the identity of the Bitcoin (BTC) creator and thus their birthday remains unknown to the public, crypto enthusiasts took note of when Satoshi’s age increased by one
Hedge funds made more than $7bn in profits by betting against bank shares during the recent crisis that rocked the sector, their biggest such haul since the 2008 financial crisis. The bumper gains came during a bleak month for banks, with the collapse of Silicon Valley Bank and the emergency sale of Credit Suisse affecting
A decision by the California State Treasurer’s Office to cover bond payments for a flood-damaged agriculture lab supports Fitch Ratings’ view that issuers “will repay abatement lease debt, even if they technically have the option not to do so,” according to the rating agency. The California State Public Works Board filed an event notice March
Muni yields continued to fall along with U.S. Treasuries Wednesday as weaker-than-expected private payrolls for March led to supportive bond prices and a market rally. Equities ended mixed. California priced its $2.6 billion general obligation deal for institutions with double-digit bumps from Tuesday’s retail offering. Municipal to UST ratios on the short end remain rich.
Kyiv is willing to discuss the future of Crimea with Moscow if its forces reach the border of the Russian-occupied peninsula, a top adviser to President Volodymyr Zelenskyy has told the Financial Times. The comments by Andriy Sybiha, deputy head of Zelenskyy’s office, are the most explicit statement of Ukraine’s interest in negotiations since it
With one week to go until the Ethereum Shanghai and Capella upgrades on April 12, all eyes are on Ether(ETH). The second-largest cryptocurrency by market capitalization shrugged off rumors and regulatory action against exchanges to hit a seven-month high of $1,922 on April 5. Ether price has momentum, and here are three strong reasons why. Multiple
Bitcoin (BTC) remains pinned below the psychologically crucial level of $30,000 as cryptocurrency investors search for positive triggers. That has not stopped business intelligence firm MicroStrategy from adding 1,045 Bitcoin to its kitty, which has now swelled to 140,000 Bitcoin. Even after the sharp recovery from November 2022 low, monitoring resource Material Indicators believes the
After the Ordinal inscription process gained significant traction on the Bitcoin blockchain with more than 800,000 inscriptions to date, a new trend of non-fungible token (NFT) technology has emerged called Bitcoin Stamps. The image-storing technique is a new way of storing images on Bitcoin, and so far, more than 8,000 stamps have been minted. From
Miami-Dade County and the Miami Heat have agreed to a $117 million 17-year deal with software company Kaseya that will rename the basketball team’s arena as the Kaseya Center. The collapse of the cryptocurrency exchange platform FTX prompted the county and the team to look for a new partner for the 19,600-seat arena. In 2021,
This was not the start Humza Yousaf wanted. Just a week after taking office as Scotland’s first minister, Yousaf was on Wednesday responding to the arrest of the husband of his predecessor Nicola Sturgeon by police investigating the finances of his governing Scottish National party. For Scotland, the arrest of Peter Murrell, chief executive of
In this article Follow your favorite stocksCREATE FREE ACCOUNT Ramona Persaud Source: Fidelity The broader market suffered in 2022 as the Federal Reserve embarked on its rate-hiking campaign. Amid the tumult, the Fidelity Equity-Income Fund (FEQIX) outperformed the broader market with a total return of -5.07% – the result of portfolio manager Ramona Persaud’s search
The Swiss government has cut bonuses for about 1,000 senior bankers at Credit Suisse, with the executive team losing their outstanding variable pay entirely, after the lender’s rescue by its rival UBS last month. Following a meeting on Wednesday, the federal council, Switzerland’s executive body, called on the finance ministry to cut bonuses at Credit