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Banking & Finance
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Visa Proposes Share Exchange Program to Address Merchant Claims
Visa's board has greenlit a proposal to allow shareholders to vote on a share exchange program that could alter the way the card network addresses outstanding merchant claims against the company, according to a regulatory filing. The program aims to eliminate certain restrictions on stock sales by Class B shareholders, primarily JPMorgan Chase, Bank of America, Citibank, and Wells Fargo...
Public Markets
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Digital Banking Trends Focus on Real-Time Payments and Personalization
As the financial industry undergoes continuous transformation, the importance of quality digital services in banking is increasingly evident, influencing customer satisfaction and shaping competitive landscapes. A recent report by Susan Foulds from Keynova Group sheds light on key trends, emphasizing the growing significance of real-time payments (RTP), personal financial management (PFM) tools, and other innovative services...
Private Markets
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Blackstone Set to Acquires Civica, Enhancing Presence in GovTech Space
Blackstone, the world's largest alternative asset manager, has announced a definitive agreement for private equity funds managed by its affiliates to acquire Civica, a global leader in public sector software solutions, from Partners Group. While financial terms remain undisclosed, the deal underscores Blackstone's strategic move to bolster its presence in the government technology (GovTech) space...
Features
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UBS CEO Sergio Ermotti Highlights Market Confidence with Successful AT1 Bond...
UBS Group CEO Sergio Ermotti expressed optimism and confidence in the Swiss banking system following the successful issuance of additional Tier 1 (AT1) bonds. The bank recently returned to the market with these bonds, which played a central role in the emergency rescue of Credit Suisse earlier this year...