Tag: MEVN
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Factbox: Warren Buffett’s Investments in Financial Firms
NEW YORK, March 23 (Reuters) – Berkshire Hathaway’s Warren Buffett has been in talks with senior officials in the Biden administration about the banking crisis, leading some to speculate that Buffett might consider investing in the sector following the collapse of Silicon Valley Bank . Buffett is known to invest during tough times for the […]
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PIMCO lost $340 million on the write-down of Credit Suisse AT1 bonds – source
NEW YORK, March 20 (Reuters) – Bond giant PIMCO lost about $340m on a class of Credit Suisse bonds wiped out by its takeover by UBS (UBSG.S), with the US investment manager’s overall exposure to the Swiss lender running low in billions, said a source familiar with the situation. Swiss authorities on Sunday decided to […]
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SVB says Goldman Sachs was the buyer of the portfolio on which it posted losses
NEW YORK, March 14 (Reuters) – SVB Financial Group (SIVB.O) said on Tuesday that Goldman Sachs Group Inc (GS.N) was the acquirer of a bond portfolio on which it posted a $1.8 billion loss, a transaction that in motion the failure of SVB. The portfolio loss was the reason why SVB, a technology-focused lender known […]
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Silicon Valley Bank stock slides on stock sale plan to cope with cash burn
Deposits fall faster than predicted – SVB Capital raise, PE injection, asset restructuring to help The stock plummets 42% in afternoon trading March 9 (Reuters) – Shares of SVB Financial Group (SIVB.O) fell 42% on Thursday, a day after the lender launched a $1.75 billion share sale to strengthen its balance sheet and deal with […]
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Rivian plans to sell $1.3 billion in bonds to bolster capital, shares fall
SAN FRANCISCO, March 6 (Reuters) – Rivian Automotive (RIVN.O) plans to sell bonds worth $1.3 billion, it said Monday, as declining demand and high costs ease the cash crisis surrounding electric vehicle manufacturers sharpen. Shares in Rivian fell nearly 7% in after-hours trading. Initial investors will have an option to purchase an additional $200 million […]
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SoftBank’s Arm aims to raise at least $8 billion in US IPO, sources say
NEW YORK, March 5 (Reuters) – Arm Ltd, the British chip designer owned by Japan’s SoftBank Group Corp (9984.T), is likely to look to raise at least $8 billion from what is expected to be a blockbuster in the US stock market be this year, people familiar with the case said Sunday. Arm is expected […]
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Adani Shares Surge After $1.87 Billion GQG Investment; more roadshows are planned
SYDNEY/BENGALURU, March 3 (Reuters) – Adani shares rose Friday after a $1.87 billion investment in the group by GQG Partners Inc allayed concerns about the group’s ability to raise funding as the conglomerate plans more roadshows organized to boost investor confidence . The stock purchases by the US investment firm were the first major investment […]
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Exclusive: JPMorgan proposes new Asian credit index with a lower weighting for China
HONG KONG, Feb. 27 (Reuters) – JPMorgan (JPM.N) is proposing a new Asia credit index with a reduced China weighting in parallel with its existing $85 billion Asia credit index, two sources said, amid growing geopolitical tensions and declining appetite for Chinese property bonds. For the new index, JPMorgan has proposed reducing the weighting of […]
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China Renaissance stocks plummet after investment bank says chairman unreachable
Feb 17 (Reuters) – China Renaissance Holdings Ltd (1911.HK) saw its shares plunge as much as 50% on Friday after the investment bank said it was unable to contact its chairman and CEO Bao Fan, in the latest disappearance of a top businessman. The disappearance of Bao, the company’s founder and controlling shareholder, caused China […]