Circle''s new Spac deal doubles valuation to $9 billion

02:14pm, Thursday, 17'th Feb 2022 Finextra Research
Circle Internet Financial, issuer of the USDC stablecoin, has doubled its valuation to $9 billion in a renegotiation of its Spac deal with Concord Acquisition Corp, the blank check firm run by former Barclays bigwig Bob Diamand.
Cryptocurrency operator Circle Internet Financial said on Thursday it was valued at $9 billion under new deal terms with Concord Acquisition Corp , a blank-check firm backed by former Barclays boss Bob Diamond.

Amazon teams up with Barclays for installment payments in the U.K.

12:21pm, Thursday, 17'th Feb 2022 Seeking Alpha
Amazon (AMZN) customers in the U.K. will be able to use Instalments by Barclays (BCS) to finance purchases of £100 ($136) or more on amazon.co.uk starting Thursday
Mayor Adams agreed with NBA Commissioner Silver who said “doesn’t quite make sense” that Kyrie Irving can''t play at Barclays Center but cautioned changing the rule would send "the wrong message.”
Goldman Sachs Group Inc. (NYSE: GS) is opening an office in the tiny yet extremely wealthy Principality of Monaco. Going Where The Money Is: Bloomberg reports Goldman Sachs received permission from Mo
The global coal industry has been the recipient of trillions of dollars from commercial banks and investors between January 2019 and November 2021, according to a report published by the non-governme

Here's Why HSBC is Scaling Back Swiss Private Banking Business

01:09pm, Tuesday, 15'th Feb 2022 Zacks Investment Research
HSBC Holdings (HSBC) is planning to trim its private bank workforce and lower office space in Switzerland to improve overall operating efficiency.
HSBC Holdings (HSBC) is planning to trim its private bank workforce and lower office space in Switzerland to improve overall operating efficiency.
After a five-week struggle, a group of banks led by Barclays Plc has finally sold the biggest part of a $1.26 billion debt package for a pharmaceutical company owned by Apollo Global Management Inc.
Banks led by Barclays Plc have lost millions of dollars of their own money plus wiped out fees from underwriting more than $1.2 billion of bonds and loans for Covis Pharmaceuticals Inc. that proved particularly hard to sell.

Report Slams European Banks For Financing Oil And Gas

04:00pm, Monday, 14'th Feb 2022 OilPrice com
European banks led by HSBC, Barclays, and BNP Paribas continue to provide financing for oil and gas exploration despite government efforts to reduce economies reliance on fossil fuels, a report by a nonprofit investment organization has said. Climate scenarios such as the IEAs Net Zero Emissions pathway show that there is no room for investment in new oil & gas fields if the world is to limit warming to 1.5C, the report, by ShareAction, said. Yet 25 European banks, all committed to Net Zero goals, provided $55
Barclays analyst Adrienne Yih raised the price target on Tapestry Inc (NYSE: TPR ) to $51 from $48 and kept an Overweight rating on the shares, implying a 30.17% upside. Yih said that the company demonstrated positive demand trends across its brands in … Full story available on Benzinga.com
The UK lender has made a number of changes to its upper ranks in recent months

Barclays calls for more stringent regulation of BNPL market

09:37am, Monday, 14'th Feb 2022 Finextra Research
Barclays is calling for more robust regulation of all buy-now-pay-later products as it releases new research which suggests the lack of consistent affordability assessments has led shoppers to take on more debt than they can afford to repay.
Europe's major banks pumped billions of dollars into oil and gas expansion, despite their stated commitments to Net Zero targets, according to research from Share Action. The research showed 25 major
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