Tag: MRI
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BlackRock’s Hildebrand is reportedly taking part in talks with UBS and Credit Suisse
March 18 (Reuters) – BlackRock Inc (BLK.N) Vice Chairman Philipp Hildebrand joins talks as Swiss officials try to broker a deal for UBS Group (UBSG.S) to acquire Credit Suisse Group AG (CSGN.S) take), Bloomberg News reported Saturday, citing unidentified sources. When asked about the report, BlackRock spokesman Ryan O’Keeffe said in a telephone interview that […]
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UBS is in talks to acquire Credit Suisse-FT
17 March (Reuters) – Banking giant UBS (UBSG.S) is in talks to acquire all or part of Credit Suisse (CSGN.S). Times reported Friday. The Swiss National Bank and regulator FINMA are organizing the talks in an effort to build confidence in the country’s banking sector, the report said, citing people familiar with the matter. On […]
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First Republic spoke with private equity before securing funding sources
NEW YORK, March 15 (Reuters) – First Republic Bank (FRC.N) spoke to at least one private equity firm about raising capital before it secured funding from JPMorgan Chase & Co (JPM.N) and US authorities intervened with support for the industry, said two sources familiar with the matter. The talks, previously unreported, shed new light on […]
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Charles Schwab’s CEO says the company is liquid and not seeking capital or deals
NEW YORK, March 14 (Reuters) – Charles Schwab (SCHW.N) has enough liquidity, the bank and brokerage’s CEO said Tuesday, to allay concerns about a “doomsday” scenario following the bankruptcy of two US lenders since Friday. “We have not raised any capital and we are not in the M&A market at this time,” Walt Bettinger, CEO […]
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Pfizer signs $43 billion Seagen deal to promote cancer drugs
March 13 (Reuters) – Pfizer Inc (PFE.N) closed a roughly $43 billion deal on Monday for Seagen Inc (SGEN.O) to expand its cancer treatment portfolio as the drugmaker braces for a sharp drop in COVID -19 product sales and loss of exclusivity for some top sellers. The deal, Pfizer’s largest in a series of acquisitions […]
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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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Credit Suisse postpones annual report after SEC call, shares fall
SEC asked questions about the bank’s previous financial statements SEC questions pertain to consolidated cash flow statements, related controls Bank says 2022 financial results ‘unaffected’ Analyst describes bank as ‘big construction site’ ZURICH, March 9 (Reuters) – Credit Suisse has delayed the release of its annual report after a last-minute call from the US Securities […]
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Warren Buffett remains optimistic and preaches patience in an annual letter
Feb. 25 (Reuters) – Billionaire investor Warren Buffett indicated on Saturday that he has not yet lost his continued faith in the US economy and his company Berkshire Hathaway Inc (BRKa.N). In his annual letter to Berkshire shareholders, the 92-year-old Buffett urged investors to focus on the long-term big picture, rather than higher inflation and […]
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The US will not contest Amazon.com’s plan to buy One Medical, says FTC official
WASHINGTON, Feb. 21 (Reuters) – The US Federal Trade Commission will not file a complaint to stop Amazon.com’s (AMZN.O) plan to buy primary care provider One Medical, an FTC official said on Tuesday. Amazon.com Inc said in July it would buy One Medical for $3.49 billion, expanding the e-commerce giant’s virtual healthcare business and adding […]