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Who controls whom in Italy's latest banking M&A chess game
Monte dei Paschi di Siena on Thursday approved twin bids for rival Banco BPM and wealth manager Banca Generali in a countermove to fend off a hostile takeover approach from larger...
Finance
MPS launches all-share offers for Banco BPM, Banca Generali
Italy's Banca Monte dei Paschi di Siena launched on Friday all-share exchange offers for rival Banco BPM and asset manager Banca Generali worth €25.3 billion ($29.6 bi...
Finance
From euphoria to despair, Korea reckons with stock mania's emotional toll
It was a vision to give South Korea a stock market that reflected its true economic dynamism, by shedding regulatory taboos and encouraging bolder bets - instead, it created an inv...
Finance
More than 150 Polymarket wallets may have traded on military secrets, research finds
More than 150 wallets on Polymarket International may have traded on inside U.S. military information, attracting copycat bets and raising concerns that the market could broadcast...
Finance
StanChart turns to hedge fund strategies to shield wealth clients from volatility
Standard Chartered is helping its wealth management clients deploy a portion of their assets to hedge funds to better cushion the impact of heightened market volatility, a top exe...
Finance
Citi, HSBC, StanChart adopt Ant International’s forex AI tool
Ant International launched an upgraded version of its artificial intelligence model on Thursday, signing up major global banks as financial institutions accelerate the adoption o...
Finance
US appeals court revives Signature Bank collapse lawsuit despite FDIC objection
A U.S. appeals court on Wednesday revived an investor lawsuit over the 2023 collapse of Signature Bank, saying the Federal Deposit Insurance Corp (FDIC) seizure of the lender did ...
Finance
Lyntris valued at $1.8 billion after shares fall in New York debut
Lyntris' shares fell 11.4% in the defense contractor's New York debut on Wednesday, valuing the company at $1.78 billion and signaling investor caution toward new listings.
Finance
EFG sells UK wealth management business Harris Allday to Canaccord
Switzerland's EFG International is selling its British wealth management service Harris Allday to rival Canaccord Wealth, the company said on Wednesday.
Finance