Financial Institutions

Oppenheimer Bolsters Fintech Investment with Seasoned Capital-Raising Expert!

Oppenheimer, the prominent investment bank and wealth manager, has made a strategic move by appointing Sean Minnihan as Managing Director and Head of Financial Technology Investment Banking. This appointment underscores the firm's dedication to the technology sector while capitalizing on Minnihan's extensive 25-year experience in the fintech industry. Throughout his career, Minnihan has been involved in major global deals, including facilitating Rev Worldwide's $1 billion acquisition of NetSpend and Concord EFS' impressive $7 billion sale to First Data.

Finally, Wallstreet Starts To Embrace Cryptos!

Blackrock has broken the ice. The world's largest asset manager wants to launch a spot Bitcoin ETF. Now some of the world's biggest investment houses are following suit with their crypto plans.

The Takeover Of Credit Suisse: Shareholders Sue UBS!

The takeover of Credit Suisse resulted in an extraordinary profit of 31 billion Swiss francs for UBS. However, CS shareholders are now suing against the exchange ratio of 76 centimes per share.

Solaris Is Facing A 50 Million Financing Round – Equity Is Urgently Needed!

German fintechs are increasingly attracting the interest of venture capitalists again. Now, Berlin-based Solaris is on the verge of a new financial injection with a financing round soon, raising a mid-double-digit million amount - about €50 to 60 million from existing investors.

Deutsche Bank Pays $75 Million To Abuse Victim Of Jeffrey Epstein!

It is probably the most significant compensation sum ever paid by a bank in the USA for sexual abuse: Deutsche Bank pays 75 million dollars to a woman who Jeffrey Epstein had abused. She accused the bank of ignoring evidence of his machinations to continue doing business with him.

Struggling Swiss Fund Operator GAM Loses Independence!

After years of struggling against cash outflows and another year of weak business figures, the Swiss fund company GAM is losing its independence. The British Liontrust Asset Management will take it over. Liontrust is offering 107 million francs in its shares for GAM, the two companies said Thursday. GAM's board of directors voted in favour of the transaction.

Deutsche Bank’s Head Of Human Resources Faces A Fine After Buying Bonds!

Michael Ilgner, Deutsche Bank's head of human resources, had bought bonds from his employer shortly before the publication of the quarterly balance sheet. This is against the bank's rules. The institute is investigating the matter.

Bank Crisis: First Republic Bail-Out Not Yet Finished!

The U.S. Federal Deposit Insurance Corp (FDIC) is in the process of seizing and selling the First Republic, a U.S. bank caught in the post-FTX banking crisis. It was expected that FDIC announced the bail-out results before the opening of the Asian stock exchanges on Monday. However, no announcement has been made yet.

Swiss State Bank PostFinance Offers Crypto To Customers!

Thanks to a partnership with Switzerland's Sygnum Bank, PostFinance is now offering its 2.5 million customers the ability to buy, store and sell Bitcoin and Ether.

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