The Bank of New York Mellon (BK.N), opens new tab has agreed to pay $5 million to settle U.S. Commodity Futures Trading Commission charges for repeatedly failing to correctly report millions of swap transactions, violating a previous order, the regulator said in…
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Private equity firms Summit Partners and Vista Equity Partners are exploring a potential sale of Trintech that could value the financial software provider at about $2 billion, including debt, according to people familiar with the matter. Trintech’s owners are working…
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Australia’s bank regulator on Friday raised the amount of spare cash that No. 3 lender ANZ (ANZ.AX), opens new tab must keep on hand due to suspected wide-ranging misconduct at its bond trading unit, the first financial fallout from the growing scandal.…
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Citigroup’s (C.N), opens new tab addition of a new section concerning its multi-year reorganization to its quarterly report filed with the U.S. Securities and Exchange Commission in August, followed queries from the markets regulator. The SEC’s letter to Citi, which was sent…
Read moreCanada’s big six banks will probably set aside a total of C$4.5 billion in loan loss provisions in the third quarter, analysts predicted, up nearly 27% from a year ago, as insolvencies rise and lenders prepare for credit card and…
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The yen rose sharply on Monday and the euro touched its highest this year as the dollar retreated broadly with traders bracing for dovish signals from Federal Reserve meeting minutes and Chair Jerome Powell’s speech at Jackson Hole. The minutes…
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President Joe Biden announced on Tuesday he is putting $150 million in new federal funding towards developing technology to better help surgeons successfully remove cancerous tumors. The award, which Biden touted during a visit to New Orleans, is the latest…
Read moreFamily-owned candy giant Mars is buying Cheez-It maker Kellanova (K.N), opens new tab in a nearly $36 billion deal, bringing together brands from M&M’s and Snickers to Pringles and Pop-Tarts in the year’s biggest deal to date. Mars said on Wednesday it will…
Read moreVista Equity Partners, whose Cloud Software Group includes top enterprise-software providers Citrix and Tibco, aims to raise around $5 billion to extend its investment in the parent company in what would be, if successful, one of the largest deals ever…
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Family-owned candy giant Mars, whose brands include M&M’s and Snickers, is nearing a deal to acquire Kellanova (K.N), opens new tab, maker of snacks such as Cheez-It and Pringles, for nearly $30 billion, a person familiar with the matter told Reuters…
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