Bank Mergers - QuikReader

UniCredit’s Orcel is just working the angles on European bank mergers

Lowball offer for BPM is unlikely to succeed but gives UniCredit’s chief room for manoeuvre

World - Financial Times - 5 days ago

U.K. to Review Merger Probes Approach

The U.K.’s competition regulator plans to review how it inspects big mergers and whether more can be cleared without forcing businesses to sell assets.

Business - The Wall Street Journal - November 21

Zaslav bullish on Trump allowing media mergers

David Zaslav, the chief executive of Warner Bros. Discovery (WBD), is signaling optimism that President-elect Trump's administration will create a good environment for potential media mergers. "We ...

Politics - The Hill - November 7

Tapestry and Capri End Plans for ‘Accessible Luxury’ Merger

Tapestry, the owner of Coach, said it would abandon its $8.5 billion deal to buy Capri, the parent company of Michael Kors, after the Federal Trade Commission successfully sued to stop the ...

Business - The New York Times - November 14

UK regulator paves way for £16.5bn Vodafone-Three merger

CMA signals support for deal as long as companies commit to delivering joint network plan and retaining certain mobile tariffs

Business - Financial Times - November 5

Price and 5G promises needed for Vodafone-Three merger, says regulator

It wants commitments on prices and 5G if the creation of the UK's biggest mobile network is to go ahead.

How Russia’s energy minister plotted merger of country’s oil majors

Pitch by Sergei Tsivilev, a relative of Vladimir Putin, aimed to tighten oversight of Rosneft and nationalise Lukoil

World - Financial Times - November 13

Tapestry’s stock soars and Capri erases losses as fashion giants scrap merger deal

Tapestry Inc.’ stock soared Thursday, while Capri Holdings Inc.’s stock erased losses to gain 4%, after Tapestry said it’s terminating its $8.5 billion merger agreement with its smaller rival.

Business - MarketWatch - November 14

Tapestry, Capri End Merger Hopes Amid Legal Uncertainty

Tapestry—the owner of luxury brands such as Kate Spade and Coach—and Capri—owner of Michael Kors, Versace and Jimmy Choo ended their merger efforts after a federal lawsuit sought to block the deal.

Business - The Wall Street Journal - November 14

Trump picks Robert Kennedy Jr to run US health department

Vaccine sceptic and former Democrat is the latest controversial nomination for cabinet post

Business - Financial Times - November 15

Liberty’s Malone calls for media merger wave under Trump

Billionaire says consolidation should be permitted and adds that ‘allowing Big Tech to run wild’ is inappropriate

Business - Financial Times - November 14

Spirit Airlines files for bankruptcy following mounting debt and a failed merger

Spirit Airlines said Monday it has filed for Chapter 11 bankruptcy protection after struggling with losses, growing debt and a failed merger during the post-pandemic travel lull.

Grant Thornton UK picks private equity over US merger

Accounting firm agrees to sell stake to buyout group Cinven

World - Financial Times - November 20

UK merger regulator to explore deal remedies after anti-growth criticism

CMA chief says agency is very aware that boosting the economy is an important part of its mandate

World - Financial Times - November 21

The West Bank Is on the Edge of Economic Collapse

After over a year of war, the economy in the occupied West Bank is being choked off by restrictions on Palestinians’ movements in the territory, the cancellation of work permits in Israel and ...

World - The Wall Street Journal - November 5

Harris phone banks on Election Day

Vice President Kamala Harris spent Election Day phone banking and thanking her staff at Democratic headquarters in Washington D.C. Nancy Cordes reports.

Pringles, Cheez-It parent Kellanova marches on toward Mars merger with another profit beat

Kellanova beat profit expectations for a 15th straight quarter, ahead of its $36 billion merger with Mars.

Business - MarketWatch - October 31

These countries have the most at stake as the U.S. heads to the polls

The world is watching the presidential election as voters go to the polls Tuesday, but the vote is more consequential for some countries than for others.

Business - CNBC - November 5

British regulator says $19.5 billion Vodafone-Three merger could go ahead if remedies are adopted

Telecom firms Vodafone and Three's multibillion-pound merger could go ahead if the companies adopt proposed remedies from the U.K. competition regulator.

Business - CNBC - November 5

Merger activity is down 40% from its peak. Citigroup CEO Jane Fraser sees a ‘big unlock’ ahead.

The future could see more megamergers, middle-market deals and initial public offerings.

Business - MarketWatch - November 13

Disney-Reliance Indian media giant says TV ‘is not dead’ following $8.5bn merger

Head of newly formed Jio Star says traditional linear format is still important in the country during streaming era

World - Financial Times - November 14

Spirit Airlines files for bankruptcy after tumultuous period in which two attempted mergers fell through

Spirit Airlines filed for voluntary, prearranged chapter 11 bankruptcy early Monday after reaching an agreement with its bondholders, capping a tumultuous period for the low-cost airline in which ...

Business - MarketWatch - November 18

Packaging giants Amcor and Berry to combine as merger landscape shows signs of heating up

Amcor’s acquisition essentially confirms recent forecasts by Wall Street bankers that major tie-ups to achieve scale will become more common.

Business - MarketWatch - November 19

Interest rates cut but Bank hints fewer falls to come

Interest rates were cut to 4.75% but the Bank expects inflation to creep higher after last week's Budget.

Trump’s victory sets up traps for central banks

The incoming president is likely to attack the Fed if it seeks to counteract his policies or if inflation takes off again

World - Financial Times - November 7

Bank of England cuts interest rates to 4.75%

Central bank signals further reduction is unlikely before next year as it raises post-Budget inflation forecast

World - Financial Times - November 7

British banks face an expensive motor finance crash

Giving dealers incentives to increase loan interest rates for car buyers could be ruinous for lenders

World - Financial Times - November 8

Deutsche Bank takes a bite out of Greggs

Wages up, margins down

Business - Financial Times - November 8

Israel: Two wanted militants killed in West Bank

World - Yahoo News - November 14

Druckenmiller poured into regional banks in the third quarter

Stanley Druckenmiller made a big bet on regional banks in the third quarter, that’s likely paid off after a Republican sweep in the elections.

Business - MarketWatch - November 15

The drama and farce of the Baker Street bank heist

In 1971, a group broke into a bank vault - but the plan was nearly brought down by a radio ham.

Treasury imposes sanctions on Russian banks, financial officials

Russia’s third largest bank, Gazprombank, and its subsidiaries were hit with U.S. sanctions on Thursday, making it the largest bank not already targeted as the Russia-Ukraine war nears its three ...

Politics - The Hill - November 21

What are banks doing with your financial data?

Your transactions reveal a lot about you as a person — it could be valuable information

World - Financial Times - November 22

Citigroup slashes promotions as it seeks to overhaul bank

As few as 2,000 employees could receive pay and title bumps in the next month, down from about 8,000 in previous rounds

Business - Financial Times - 4 days ago

Senior UK bankers to receive bonuses faster under new rules

Bank of England proposes relaxation of restrictions dating from financial crisis