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Cerberus Divests Its 40% Stake in Two German Banks
Cerberus Capital Management leaves German banking in a hard situation earlier this year as it was expecting this to happen later.
Bolt Raises $355 Million In Series E Funding Round
Checkout Technology platform, Bolt, announced $355 Million of Funding from their recent Series-E round with a valuation of $11 billion.
London Stock Exchange Proposes Special Listing To Attract Tech Firms
London Stock Exchange Group (LSEG) has proposed a special listing that may blur the line between private and public companies. According to...
Supply Chain Shortages Rise Amid Green Vehicles Demand
The price of batteries for electric vehicles is expected to surge in 2022, undermining technological and efficiency gains.
A...
Citigroup Sells Its Four Consumer Divisions To Singapore’s UOB
Citigroup Inc. will sell its consumer banking businesses in Indonesia, Malaysia, Thailand, and Vietnam to Singapore's United Overseas Bank (UOB). Alongside this,...
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India-Based Paytm Planning $3 Billion Valuation
India's leading digital payments service Paytm is seeking to raise about 218 billion rupees, about $3 billion, in its upcoming IPO. This...
New Chapter 11 Filings, Disclosures: September 14 – September 18, 2020
At least three major companies have either filed for Chapter 11 Bankruptcy protection or defaulted on loans during the week of September...
Asia’s Ride-Hailing Companies List And Delist On the US Markets
Chinese ride-hailing company Didi has delisted from New York Stock Exchange (NYSE) on 2 December 2021.
Singapore’s ride-hailing company...
U.S. Bancorp Acquires MUFG’s Union Bank For $5 Billion
U.S. Bancorp (U.S. Bank) has agreed to buy MUFG's Union Bank for over $5 billion in cash and stock. After this sale,...
Regal Suspends All U.S. Movie Theater Operations due to Pandemic
On October 5, Regal Entertainment Group owner Cineworld Group plc announced the suspension of its U.S. movie theater operations.
