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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

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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DOJ Opens Investigation into Visa’s Acquisition of Plaid

The Department of Justice has filed a petition in the U.S. District Court of Massachusetts to investigate Visa's $5.3 billion acquisition of...

Impresa Aerospace Files Bankruptcy, Cites Grounded 737 Max and COVID

Impresa Holdings Acquisition Corp., a California-based, privately owned company, filed for bankruptcy on September 24. It reported losses due to 737 Max...

STRAP Technologies Earns $1.3M Investment

Across the spectrum, the disabled have been conditioned to believe that living autonomously is a luxury. STRAP Technologies rejects this notion. The...
Congress PPP Loan Forgiveness

ABA, State Bankers Urge Congress to Pass PPP Loan Forgiveness Legislation

With little progress made in Congress on a new COVID-19 relief bill, the American Bankers Association (ABA) and 51 state bankers urged...
Eric Rosengren Interest Rates

Fed’s Rosengren: Low Interest Rates Damaging Economy

During an Oct. 8 speech, Boston Federal Reserve President Eric Rosengren said that years of low interest rates led to excessive risk-taking...