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Apollo Global Management Inc. is launching a private-credit trading desk focused on investment-grade debt it has originated, aiming to bundle this debt into exchange-traded funds (ETFs). This initiative is designed to establish market pricing for the debt, which is essential for the ETF rollout, in collaboration with State Street Corp.
Capitolis has secured $20 million in strategic investments from Citi, Morgan Stanley, State Street, and UBS, with each bank contributing $5 million. This funding will support the growth of Capitolis’ Capital Marketplace and Portfolio Optimization businesses, enhancing its role as a key partner in the financial industry. CEO Gil Mandelzis highlighted the company's commitment to making financial markets safer and stronger through close collaboration with leading banks.
State Street Corporation reported a 21.1% year-over-year increase in quarterly revenue, with earnings per share of $2.26, surpassing estimates. Insider transactions included EVP John Plansky selling 13,859 shares and Kathryn M. Horgan selling 12,500 shares, reflecting significant decreases in their holdings. Analysts maintain a "Hold" rating on the stock, with a consensus price target of $92.11.
Eleven Republican states, led by Texas Attorney General Ken Paxton, have filed a lawsuit against BlackRock, Vanguard, and State Street, alleging that these financial giants conspired to restrict coal supply and raise prices, violating antitrust laws. The states claim the firms' environmental initiatives harm American energy production and consumer costs. BlackRock has dismissed the lawsuit as baseless, asserting that its investments aim to deliver financial returns for clients, not to harm companies.
[Bloomberg](https://www.bloomberg.com) and [SEC]
BlackRock, Vanguard, and State Street have been sued by Texas and 10 other states for allegedly violating antitrust laws by manipulating electricity prices. The lawsuit claims these firms used their market power and climate group affiliations to pressure coal producers to reduce output, leading to higher power bills for residents.
Capitolis has secured new strategic investments totaling $20 million from Citi, Morgan Stanley, State Street, and UBS, aimed at enhancing its Capital Marketplace and Portfolio Optimization businesses. The company, recognized for its innovative solutions in capital markets, continues to experience significant growth and momentum, bolstered by partnerships with leading financial institutions. CEO Gil Mandelzis emphasized the importance of collaboration with banks to strengthen financial markets within a regulated framework.
Capitolis has secured new investments totaling USD 20 million from Citi, Morgan Stanley, State Street, and UBS, enhancing its funding to USD 170 million. This capital will bolster its Capital Marketplace and Portfolio Optimisation sectors, as demand for its innovative financial solutions continues to grow. The company focuses on improving the safety and efficiency of capital markets through collaboration with financial institutions.
Fintech firm Capitolis has secured $20 million in strategic investments from Citi, Morgan Stanley, State Street, and UBS, with each bank contributing $5 million. This funding will support Capitolis' growth in its Capital Marketplace and Portfolio Optimisation divisions, as the company aims to enhance the safety and dynamism of capital markets. CEO Gil Mandelzis expressed enthusiasm for expanding partnerships with leading banks to further strengthen financial markets.
Capitolis has secured $20 million in strategic investments from Citi, Morgan Stanley, State Street, and UBS, with each bank contributing $5 million. The funds will support growth in Capitolis’ Capital Marketplace and Portfolio Optimization businesses, enhancing its role as a key partner in financial market optimization. CEO Gil Mandelzis emphasized the company's commitment to making financial markets safer and more efficient, while State Street's Tobias Krause noted that additional bank investors will accelerate Capitolis' success.
State Street Corporation
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