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new york community bancorp rebrands as flagstar financial inc

New York Community Bancorp Inc. has officially rebranded as Flagstar Financial Inc. following a tumultuous period marked by a significant drop in share prices and two CEO changes within a week. The lender, which has expanded through acquisitions, aims to unify its operations under the Flagstar name, which it has already been using for its branches.
Bloomberg.com
Flagstar Financial, Inc. Flagstar Bancorp Inc. USA
Finance & Economy, Press Release
19:50 28.10.2024

BIS considers ending project to counter Russian efforts against dollar dominance

The Bank for International Settlements is considering shutting down the mBridge project, a pilot cross-border payments platform, after President Vladimir Putin highlighted its potential to bypass sanctions and challenge the dollar's global dominance. This topic was discussed among central banks and finance leaders during recent meetings of the International Monetary Fund and World Bank in Washington.
bloomberg.com
United States Dollar Bank for International Settlements RUS Vladimir Putin
Finance & Economy, News Article
19:34 28.10.2024

vpbank expands fdi customer base and reports steady profit growth in 2024

VPBank has expanded its FDI customer portfolio to over 500 companies, enhancing its strategic partnerships, notably with Lotte C&F Vietnam and BYD. The bank reported a 3% profit increase, with a consolidated pre-tax profit of nearly VND 13.9 trillion in the first nine months of 2024, driven by strong credit growth and effective debt recovery measures. Additionally, VPBank opened its first flagship branch in Ho Chi Minh City, aiming to lead in digitization and international market expansion.
Vietnam.vn - Nền tảng quảng bá về Việt Nam
Vietnamese Đồng United States Dollar Lotte C&F Vietnam BYD Co. Ltd. JPN VNM
TradFi, Market Report
19:18 28.10.2024

blacklane secures 65 million funding from saudi arabia's public investment fund

Blacklane GmbH, a luxury chauffeuring startup backed by Mercedes-Benz Mobility AG, has secured €60 million ($65 million) in its largest funding round to date, led by Tasaru Mobility Investments, a subsidiary of Saudi Arabia’s Public Investment Fund. The Berlin-based company aims to expand its operations in the US, its largest market, as well as in the Middle East and Europe. In Saudi Arabia, Blacklane plans to introduce fleets of electric vehicles in key cities and provide training for both female and male chauffeurs.
bloomberg.com
United States Dollar Euro Blacklane GmbH Tasaru Mobility Investments Mercedes-Benz Mobility AG Public investment fund Sovereign Wealth Fund USA DEU SAU Show more
Finance & Economy, News Article
19:09 28.10.2024

tech ceos seek trump's favor ahead of presidential election

In the lead-up to the U.S. presidential election, Donald Trump claims several Silicon Valley CEOs, including Google’s Sundar Pichai, Apple’s Tim Cook, and Meta’s Mark Zuckerberg, have reached out to him, expressing support after a recent assassination attempt. Elon Musk has notably endorsed Trump and become a significant donor, while Jeff Bezos also reportedly contacted Trump despite their contentious history. These interactions suggest a shift in the tech leaders' approach as they prepare for a potential Trump victory.
WIRED
Amazon.com, Inc. Aqua Metals, Inc. Apple Inc. Google Inc. Tesla, Inc. Jeff Bezos Sundar Pichai Tim Cook Mark Zuckerberg Elon Musk Show more
Technology & Innovation, News Article
19:08 28.10.2024

bond market outlook remains positive amid rising yields and economic shifts

Despite rising US Treasury yields and increased global public debt, the outlook for fixed income remains positive. The Federal Reserve is expected to continue cutting rates amid disinflation, while solid credit fundamentals in investment-grade corporate bonds suggest potential high single-digit returns over the next year. Investors are advised to shift excess cash into quality fixed income and consider diversified strategies to enhance portfolio income.
global
Chinese Yuan United States Dollar CHN USA
TradFi, Market Report
19:06 28.10.2024

elevance health to acquire carebridge for 2.7 billion dollars

Elevance Health is set to acquire CareBridge, a home health company, for $2.7 billion. CEO Gail Boudreaux highlighted that CareBridge will be integral to Carelon's home health business, enhancing services for individuals with complex and chronic conditions. Founded in 2019, CareBridge operates in 17 states and the District of Columbia.
Fierce Healthcare
CareBridge Elevance Health, Inc. USA Gail Boudreaux Bill Frist Brad Smith Show more
Healthcare, News Article
19:00 28.10.2024

bank closes branches after violent robberies shifts focus to digital services

The Banque cantonale du Jura (BCJ) has confirmed the closure of its Courgenay and Courrendlin branches, following violent ATM attacks in May. This decision has raised concerns among Socialist MPs, prompting a government response that highlights the need for staff safety while BCJ plans to enhance its digital services to maintain customer access.
La stratégie de la BCJ scrutée à la loupe
Banque Cantonale du Jura SA CHE Jude Aubry-Janketic Jelica; Schindelholz Show more
TradFi, News Article
18:49 28.10.2024

US election campaign costs soar amid questionable fundraising practices and billionaire support

The US presidential election campaign is projected to cost $5.5 billion, with significant contributions from billionaires like Elon Musk and Timothy Mellon supporting Trump, while Kamala Harris has backing from more billionaires, including Michael Bloomberg and Bill Gates. Fundraising tactics have raised concerns, particularly regarding misleading practices that have exploited elderly donors, leading to substantial unintentional contributions. Despite Trump's billionaire support, Harris has outpaced him in fundraising, especially from small donors, highlighting a stark financial contrast between the two campaigns.
Tages-Anzeiger
United States Dollar Wall Street Journal Wesleyan Media Project Microsoft Corporation USA Bill Gates Elon Musk Donald Trump Michael Bloomberg Kamala Harris Show more
Finance & Economy, News Article
18:34 28.10.2024

microsoft's investment in openai reshapes the landscape of artificial intelligence

Microsoft has invested over $13 billion in OpenAI since 2019, transforming the once-struggling startup into a leader in generative AI, now valued at $157 billion. In return, Microsoft has secured exclusive rights to operate OpenAI's models on its Azure cloud platform.
The Economist
United States Dollar OpenAI Microsoft Corporation USA
Technology & Innovation, Market Report
18:28 28.10.2024
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