Eugene Zhang, founding partner of Silicon Valley VC firm TSVC Spencer Greene, general partner of TSVC Courtesy: TSVC Eugene Zhang, a veteran Silicon Valley investor, recalls the exact moment the market for young startups peaked this year. The firehose of money from venture capital firms, hedge funds and wealthy families pouring into seed-stage companies was … Read more
La revista Global Finance recognized a la banca digital de Bba como la mejor del mundo. The publication, in the 22nd edition of the awards for the best digital banks of 2021, highlighted how the digitalization of the bank and the functional design of its online channels have allowed the challenge of face-to-face communication to … Read more
The banks that agreed to finance Elon Musk’s $44 billion acquisition of Twitter Inc have a financial incentive to help the world’s richest person walk away but would face long legal odds, according to people close to the deal and corporate law experts. Twitter has sued Musk to force him to complete the transaction, dismissing … Read more
A través de un comunicado de prensa La superintendencia Financiera de Colombia (SFC) ordenó a la sociedad Finance Markets Capital Sociedad Administradora de Inversión SA suspend las actividades de captación no autorizada de dineros del public. La empresa actuaba como un Fondo de Inversión Colectiva sin la dueda approvación y vigilancia del ente regulador. Superfinanciera … Read more
A sign hangs from a branch of Banco Santander in London, UK, on Wednesday, Feb. 3, 2010. Simon Dawson | Bloomberg via Getty Images Banks and other mortgage providers have been battered by plunging demand for loans this year, a consequence of the Federal Reserve’s interest rate hikes. Some firms will be forced to exit … Read more
People walk by the New York Stock Exchange on May 12, 2022 in New York City. Spencer Platt | Getty Images News | Getty Images Investment bankers hit with a collapse in equity and debt issuance this year are in line for bonuses that are up to 50% smaller than 2021 — and they are … Read more
DBS Group CEO Piyush Gupta said the bank’s wealth management and capital markets businesses continue to see “headwinds,” despite the bank reporting robust second-quarter earnings. “Business momentum is a bit mixed. Our corporate lending activities are actually doing quite well. And so the balance sheets continue to grow,” Gupta told CNBC’s “Capital Connection” following the … Read more
There are many who support the concept of decentralized finance (DeFi), which essentially means availing loans or other financial support without any third party interference. In conversation with FE DigitalCurrency, Bhairav Kothari, founder, SuperCFO, a chief financial officer services provider company, talks about the DeFi as an alternative option to traditional financial services in India. … Read more
In February 2016, public-sector banks started coming out with financial results for the December quarter. And the numbers were enough to send the stock markets into a tizzy. Their non-performing assets or NPA had soared dramatically, to an extent that provisioning had overwhelmed operating earnings. Their net income had plunged deeply into the red. According … Read more
IDFC First Bank zoomed 10 percent to a high of Rs 41.30 in intra-day trades on Monday after the private sector bank reported a strong set of earnings in Q1FY23. For the quarter ended June 2022, the bank recorded its highest-ever standalone profit at Rs 474.33 crore as against a net loss of Rs 630 … Read more