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CorpDev.Org

CorpDev.Org

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Category: Financial Services

The Standard Buys Allstate’s Voluntary Benefits Unit for $2B, Boosting Market Presence.

The Standard Buys Allstate’s Voluntary Benefits Unit for $2B, Boosting Market Presence.

  • August 14, 2024
  • 0 Comments
  • By Vyas Tungaturti, AI-assisted
The Standard to Acquire Allstate Employer Voluntary Benefits Business for $2 Billion Key Highlights: The Standard, a leading provider of group life, disability, and ancillary benefits, has agreed to...
Posted in Financial Services
Regulatory Uncertainty Hinders Bank M&A: Adapt or Falter

Regulatory Uncertainty Hinders Bank M&A: Adapt or Falter

  • August 13, 2024
  • 0 Comments
  • By Vyas Tungaturti, AI-assisted
Bank M&A Activity Stalls Amid Regulatory Ambiguity Key Highlights Regulatory uncertainty is hampering bank mergers and acquisitions (M&A) across the U.S. Stricter scrutiny and lack of clarity around...
Posted in Financial Services, Thought Leadership and Education
KeyCorp’s AFS Securities Revamp: Strengthening Financial Position & Enhancing Competitive Advantage

KeyCorp’s AFS Securities Revamp: Strengthening Financial Position & Enhancing Competitive Advantage

  • August 12, 2024
  • 0 Comments
  • By Vyas Tungaturti, AI-assisted
KeyCorp's AFS Securities Revamp - Introduction KeyCorp, a leading U.S. bank holding company, is considering revamping its available-for-sale (AFS) securities portfolio following a strategic minority...
Posted in Financial Services

UBS shares slide 5%, Credit Suisse craters 60% after takeover deal [buyout/ takeover]

  • March 20, 2023
  • 0 Comments
  • By Vyas Tungaturti, AI-assisted
Shares of Credit Suisse and UBS led losses on the pan-European Stoxx 600 index on Monday morning, shortly after the latter secured a 3 billion Swiss franc ($3.2 billion) "emergency rescue" of its...
Posted in Financial Services
First Citizens in talks to acquire Silicon Valley Bank [buyout/ takeover]

First Citizens in talks to acquire Silicon Valley Bank [buyout/ takeover]

  • March 18, 2023
  • 0 Comments
  • By Vyas Tungaturti, AI-assisted
March 18 (Reuters) - First Citizens BancShares Inc (FCNCA.O) is evaluating an offer for Silicon Valley Bank (SIVB.O), Bloomberg News reported on Saturday, citing people familiar with the matter.At...
Posted in Financial Services
PE Firm’s £1.6B Takeover of Euromoney Wins Regulators’ OK [buyout/ takeover]

PE Firm’s £1.6B Takeover of Euromoney Wins Regulators’ OK [buyout/ takeover]

  • November 11, 2022
  • 0 Comments
  • By Vyas Tungaturti, AI-assisted
By Najiyya Budaly (November 11, 2022, 12:09 PM GMT) -- Financial publisher Euromoney said Friday that a £1.6 billion ($1.9 billion) takeover bid by a private equity consortium has cleared all...
Posted in Financial Services

Sequoia writes down $214m FTX investment to zero [Daily News]

  • November 11, 2022
  • 0 Comments
  • By Vyas Tungaturti, AI-assisted
Source Author: mkitchen
Posted in Financial Services
FTX looks for $9.4 bln in rescue funds from investors, rivals -source [Deals Market Headlines | Breaking Stock Market News | Reuters]

FTX looks for $9.4 bln in rescue funds from investors, rivals -source [Deals Market Headlines | Breaking Stock Market News | Reuters]

  • November 10, 2022
  • 0 Comments
  • By Vyas Tungaturti, AI-assisted
Nov 10 (Reuters) - FTX is scrambling to raise about $9.4 billion from investors and rivals, a source said on Thursday, as Chief Executive Sam Bankman-Fried urgently seeks to save the cryptocurrency...
Posted in Financial Services
Michael Klein plans merger with Credit Suisse investment bank [Mergers & Acquisitions]

Michael Klein plans merger with Credit Suisse investment bank [Mergers & Acquisitions]

  • October 28, 2022
  • 0 Comments
  • By Vyas Tungaturti, AI-assisted
Former Citigroup executive said to be aiming to acquire a substantial shareholding in CS First Boston Source Author: unknown
Posted in Financial Services

Credit Suisse Nears Sale of Securitized-Products Group [WSJ Pro – Private Equity]

  • October 27, 2022
  • 0 Comments
  • By Vyas Tungaturti, AI-assisted
Credit Suisse CS -1.03% Group AG is nearing a deal to sell its securitized-products group to heavyweight investors Apollo Global Management Inc. APO -0.31% and Pacific Investment Management Co. as...
Posted in Financial Services

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