Microsoft's gaming chief, Phil Spencer, remains focused on acquisitions to enhance growth despite a challenging year. He highlighted the potential for deals that increase geographic diversity, particularly in Asia, and noted that acquiring a mobile company could complement the titles gained from last year's $69 billion Activision Blizzard deal.
Seven & i Holdings Co. has proposed a ¥9 trillion ($58 billion) offer to take itself private, surpassing the largest buyouts in history, including KKR & Co. and TPG Capital's acquisition of Energy Future Holdings Corp. This deal would also exceed Elon Musk's $44 billion buyout of Twitter, which lacks management or private equity involvement.
Bonuses in the US financial industry are set to rise significantly in 2024, with investment bankers and traders expecting double-digit increases, particularly in the corporate credit sector, where payouts could soar by up to 35%. While equity traders may see bonuses increase by around 20%, those in private and corporate client roles might experience stagnation or a decline of 5%. Despite a challenging 2023, optimism for 2025 is growing as banks anticipate their largest profits since 2021.
Swiss Finance Minister Karin Keller-Sutter stated that UBS's capital requirements will hinge on its resolvability as new stability measures are considered. The government is reviewing rules to prevent banking collapses like that of Credit Suisse, emphasizing the need for a balance between financial sector competitiveness and stability. She also mentioned potential salary caps for bankers and the possibility of granting FINMA the authority to impose fines on banks.
Christie’s has withdrawn a 1958 Ferrari 250 GT, previously linked to Angelina Jolie, from its upcoming “Exceptional Sale” on Nov. 20. The decision follows doubts raised in a Ferrari forum regarding the car's ownership and a lack of clear provenance.
UBS is enhancing the precision of its ESG product descriptions to mitigate investor scrutiny and avoid accusations of greenwashing. Legal recommendations include renaming "debt-for-nature swaps" to "Country Debt Conversion With Associated Sustainable Development Goal Funding" for clarity. The bank is also adapting to new EU regulations, emphasizing the need for detailed explanations of sustainability impacts.
Seems like the connection with the server has been lost. It can be due to poor or broken network. Please hang on while we're trying to reconnect...
Oh snap! Failed to reconnect with the server. This is typically caused by a longer network outage, or if the server has been taken down. You can try to reconnect, but if that does not work, you need to reload the page.
Oh man! The server rejected the attempt to reconnect. The only option now is to reload the page, but be prepared that it won't work, since this is typically caused by a failure on the server.
