{
}
EToro is set to go public with an IPO, supported by major banks including UBS, after a significant revenue surge in 2024, generating $12.6 billion compared to $3.89 billion the previous year. The platform, which primarily focuses on crypto trading, also reported a net profit of $192 million. This IPO follows a canceled SPAC deal in 2022 and comes as the market for digital assets is experiencing a revival.
Ali Sanai has left UBS to join Citi as managing director and head of G10 hedge fund and real money rates sales for Europe and the UK, just a year after his promotion to MD at UBS. This follows a trend where newly promoted MDs often transition to other firms, with several others, including Chris Stevenson and Angelica Nikolaussen, also departing for new roles. UBS is reportedly increasing compensation for key risk-takers to retain senior staff amid a reduction in headcount.
France is set to reopen its 0.95% July 2043 inflation-linked bond, hiring banks for a syndicated tap. The transaction will proceed based on market conditions, with BNP Paribas, Citi, Credit Agricole CIB, J.P. Morgan, Morgan Stanley, and Societe Generale serving as joint lead managers.
Citi has lowered its price target for Bank of America to $50 from $54. This adjustment reflects changing market conditions and expectations for the financial institution.
Citi has lowered its price target for Goldman Sachs to $550 from $585. This adjustment reflects changing market conditions and expectations for the financial giant. The news was first reported by TheFly, a source for real-time financial updates.
Morgan Stanley's price target has been reduced to $125 from $135, as reported by Citi. This adjustment reflects changing market conditions and expectations surrounding the financial institution's performance.
Indian ecommerce startup Meesho is planning to raise $1 billion through an IPO, with a proposed valuation of $10 billion. The Bengaluru-based company has engaged Morgan Stanley, Kotak Mahindra Capital, and Citi as advisors, and may file draft documents soon. Recently, Meesho raised up to $270 million, valuing the company at approximately $3.9 billion to $4 billion, down from $4.9 billion. Founded in 2015, Meesho has over 1.5 million sellers and more than 140 million annual transacting users in India.
Meesho is preparing for a $1 billion initial public offering (IPO) and has appointed Morgan Stanley and Citi as its financial advisors. The move marks a significant step for the company as it seeks to expand its presence in the market.
Citi's attempt to engage high-net-worth individuals in private equity has faltered, highlighting challenges in gaining traction within private credit and healthcare buyouts in the U.S. As Wall Street banks seek new avenues for their affluent clients, the struggle for relevance in private markets intensifies.
U.K. inflation expectations are rising, with Deutsche Bank forecasting they will remain elevated through 2025, driven by increases in food and energy prices. The Bank of England's data shows short-term expectations at 3.9%, prompting concerns about second-round effects on the economy. While rate cuts are anticipated, the MPC may pause if inflation continues to climb, particularly as it assesses 2026 pay settlements.
Citizens, Inc.
Companies
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
etoro plans public offering after record revenue growth in 2024
07:57 25.03.2025
ubs managing director leaves for citi as departures continue among senior staff
Euro
British Pound Sterling
United States Dollar
The Goldman Sachs Group, Inc.
Citizens, Inc.
CHE
Ali Sanai
Chris Stevenson
15:42 24.03.2025
france plans syndicated tap of july 2043 inflation linked bond
Euro
Credit Agricole CIB Fin.Sol. C
BNP Paribas SA
J.P. Morgan Fixed Income Opps A EUR Inc
Morgan Stanley
EN G Societe Generale 261021 PR
Citizens, Inc.
FRA
Emese Bartha
Show more
11:28 24.03.2025
Citi lowers Bank of America price target to fifty dollars from fifty four
11:03 24.03.2025
Citi lowers Goldman Sachs price target to 550 from 585
11:02 24.03.2025
Morgan Stanley price target reduced to 125 by Citi
11:01 24.03.2025
Meesho plans one billion dollar IPO with ten billion dollar valuation
United States Dollar
Morgan Stanley
UWS JP Morgan EM A OSB
Citizens, Inc.
Think Investments LP
IND
Vidit Aatrey
Sanjeev Barnwal
Show more
09:45 24.03.2025
Meesho prepares for one billion dollar IPO with top financial advisors
06:30 24.03.2025
citi's private equity venture highlights challenges in attracting high-net worth investors
12:40 21.03.2025
deutsche bank forecasts rising uk inflation expectations through 2025
British Pound Sterling
Deutsche Bank RV Global PP
Citizens, Inc.
Bank of England
GBR
Sanjay Raut
Show more
11:45 21.03.2025
Trending
Subcategory
Corporate News
Stock Market Updates
Industry Trends
Banking Regulations
Finance Mergers & Acquisitions
Global Financial Events
Retail and Consumer Goods
CEO Changes
Central Bank Actions
GDP Growth & Recession Forecasts
Global Trade Developments
Industry Mergers & Acquisitions
Market Analysis and Predictions
Financial Scams and Security
Inflation and Monetary Impact
Government Policies
Government Economic Policies
Supply Chain Management
Startups & Entrepreneurship
Workplace Trends
Countries:
Companies:
The Goldman Sachs Group, Inc.
JPMorgan Chase & Co.
Tesla, Inc.
Apple Inc.
Barclays PLC
Bank of America Corporation
Wells Fargo & Company
Citigroup Inc.
Deutsche Bank Money Market PP
Morgan Stanley
Huawei Technologies CO. Ltd.
Lloyds Banking Group plc
Microsoft Corporation
Credit Suisse Strategic Income I
NVIDIA Corporation
Amazon.com, Inc.
AXA SA
Safran SA
Banco Santander, S.A.
Novartis AG
Currencies:
United States Dollar
Euro
Chinese Yuan
British Pound Sterling
Swiss Franc
Japanese Yen
Indian Rupee
Russian Ruble
Australian Dollar
Canadian Dollar
United Arab Emirates Dirham
Indonesian Rupiah
Saudi Riyal
South Korean Won
Danish Krone
Offshore Chinese Yuan
Turkish Lira
Hong Kong Dollar
Mexican Peso
Malaysian Ringgit
People: