Deutsche Bank, headquartered in Frankfurt, first disclosed Capital Group’s holdings in February. Photo: ralph orlowski/Reuters Oct. 13, 2020 10:09 am ET U.S. investor Capital Group Cos. has raised its stake in Deutsche Bank AG DB -1.93% , sounding a rare note of confidence in prospects for the troubled European banking […]
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Uquid Launch the Defi Shopping Stake (DSS) and Defito Finance (DTO)
The trouble with many current DeFi projects is that while they eliminate traditional institutions from the mix, they instead transfer ultimate control over to a select group of insiders who have their financial motives and agendas. It’s an arrangement that’s ripe for abuse, and something that should be anathema to […]
TLG Capital acquires 49% stake in Opportunity Bank
BUSINESS FINANCE The United Kingdom based TLG Capital (TLG) has purchased 49% of Opportunity Bank Uganda Ltd (OBUL) from MyBucks SA – according to a statement by the London based firm. The transaction makes TLG the largest shareholder of OBUL. Remaining shareholders (all NGOs) include Opportunity International Group (43%), Faulu […]
UN chief urges Libya cease-fire, warns its future at stake
U.N. Secretary-General Antonio Guterres is urging world powers and other countries with interests in Libya’s long-running civil war to stop sending arms to its rival governments and keep working toward a lasting cease-fire By DAVID RISING and EDITH M. LEDERER Associated Press October 5, 2020, 7:29 PM • 5 min […]
PNC Financial Services Group Inc. Increases Stake in EXACT Sciences Co. (NASDAQ:EXAS)
PNC Financial Services Group Inc. increased its holdings in shares of EXACT Sciences Co. (NASDAQ:EXAS) by 4.7% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 3,608 shares of the medical research company’s stock after purchasing an additional 161 shares during the period. PNC Financial Services Group Inc.’s […]
Bank of Montreal Can Has $37,000 Stake in CrossFirst Bankshares (NYSE:CFB)
Bank of Montreal Can increased its stake in shares of CrossFirst Bankshares (NYSE:CFB) by 1,666.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,168 shares of the company’s stock after buying an additional 3,932 shares during […]
Uber Sells Stake in Freight Unit to Private Investors
Uber Technologies Inc. is selling a stake in its Uber Freight truck brokerage arm for $500 million to investors in a funding round led by Greenbriar Equity Group LP, pumping fresh cash into a business that has been growing rapidly while also losing money at a fast clip. The planned […]
GM Considers Boosting Stake in Nikola in Reworked Deal
(Bloomberg) — General Motors Co. is considering revisions to its deal with embattled Nikola Corp., according to people familiar with the discussions, and may seek a higher stake in the startup now that its valuation has fallen after allegations of deception. © Bloomberg Signage is displayed outside Nikola Corp. headquarters […]
Black Dog Venture Partners Acquires a 50% stake in Restaurant Ordering Application, OnPlate Technologies
Scott Kelly to assume role of CEO. Company to relocate to Arizona. Phoenix, AZ, USA – September 29, 2020 – Black Dog Venture Partners announced that it has acquired a 50% stake in Canadian based, OnPlate Technologies. OnPlate is a one-of-a-kind concierge, waiter, menu and payment processor, all wrapped into […]
HSBC shares enjoy their best daily surge for more than a decade after Chinese investor ramps up stake in embattled bank
© Provided by This Is Money MailOnline logo HSBC shares enjoyed their best daily surge for more than a decade after a Chinese investor ramped up its stake in the embattled British bank. The lender’s stock jumped as much as 11 per cent higher at one point yesterday after insurance […]
PNC Financial Services Group Inc. Purchases New Stake in Baker Hughes Company (NYSE:BKR)
PNC Financial Services Group Inc. purchased a new stake in shares of Baker Hughes Company (NYSE:BKR) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 71,004 shares of the company’s stock, valued at approximately $1,092,000. A number of […]
Ping An buys HSBC stake, stocks rally on China data
Watch: European markets rise on optimism selloff is over Stocks rallied on Monday after strong industrial profit figures from China raised hopes that the slump in global economy this year may not be as bad as feared. China’s industrial profits grew for the fourth straight month in August, according to […]
PNC Financial Services Group Inc. Trims Stake in Sealed Air Corp (NYSE:SEE)
PNC Financial Services Group Inc. lowered its stake in shares of Sealed Air Corp (NYSE:SEE) by 5.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 32,847 shares of the industrial products company’s stock after selling 1,983 shares during […]
Credit Agricole to Build Its Own Saudi Bank After Stake Sale
(Bloomberg) — Credit Agricole SA plans to build its own corporate and investment bank in Saudi Arabia after selling the final portion of its stake in Banque Saudi Fransi. © Bloomberg The offices of Banque Saudi Fransi stand in Riyadh, Saudi Arabia. Banque Saudi Fransi was the sixth largest broker […]
Public Employees Retirement System of Ohio Has $95,000 Stake in Capstar Financial Holdings Inc (NASDAQ:CSTR)
Public Employees Retirement System of Ohio lifted its position in shares of Capstar Financial Holdings Inc (NASDAQ:CSTR) by 148.5% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,889 shares of the bank’s stock after purchasing an additional 4,714 shares […]
Cubist Systematic Strategies LLC Boosts Stake in TFS Financial Co. (NASDAQ:TFSL)
Cubist Systematic Strategies LLC boosted its stake in TFS Financial Co. (NASDAQ:TFSL) by 17.3% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 41,696 shares of the bank’s stock after buying an additional 6,161 shares during the quarter. Cubist […]
China’s Ping An Insurance boosts HSBC stake
FILE PHOTO: HSBC logo is seen in the financial district in New York, U.S., August 7, 2019. REUTERS/Brendan McDermid/File Photo HONG KONG (Reuters) – Ping An Insurance Group Co of China Ltd 601318.SS2318.HK, the biggest shareholder in HSBC Holdings Plc HSBA.L0005.HK, has bought additional shares in the British bank to […]
Bank of New York Mellon Corp Has $2.42 Million Stake in Colony Credit Real Estate Inc (NYSE:CLNC)
Bank of New York Mellon Corp reduced its position in shares of Colony Credit Real Estate Inc (NYSE:CLNC) by 5.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 345,119 shares of the company’s stock after selling […]
HD Supply Holdings Inc (NASDAQ:HDS) Stake Raised by PNC Financial Services Group Inc.
PNC Financial Services Group Inc. increased its holdings in HD Supply Holdings Inc (NASDAQ:HDS) by 1.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,263 shares of the industrial products company’s stock after acquiring […]
PNC Financial Services Group Inc. Boosts Stake in American States Water Co (NYSE:AWR)
PNC Financial Services Group Inc. increased its position in shares of American States Water Co (NYSE:AWR) by 1.8% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 16,385 shares of the utilities provider’s stock after buying an additional 286 shares […]