BSVC

HSBC considers windfall dividend from $10 billion sale of Canadian unit to RBC

HSBC considers windfall dividend from $10 billion sale of Canadian unit to RBC

Deal comes under pressure from Chinese shareholder Analysts hail ‘sense’ deal The bank could return the proceeds of the transaction to the shareholders LONDON/TORONTO/NEW YORK, Nov 29 (Reuters) – HSBC (HSBA.L) has agreed to sell its Canadian business to Royal Bank of Canada (RY.TO) for C$13.5 billion ($10 billion). dollars) in cash, thus paving the …

HSBC considers windfall dividend from $10 billion sale of Canadian unit to RBC Read More »

FTX's Bankman-Fried Seeks Funding After Binance Deal Collapses

FTX’s Bankman-Fried Seeks Funding After Binance Deal Collapses

HONG KONG/SINGAPORE/NEW YORK, Nov 10 (Reuters) – FTX chief executive Sam Bankman-Fried on Thursday launched an urgent campaign to raise funds to save his business as the crypto exchange seeks to fill a $8 billion hole in its finances, according to tweets and a memo to employees. Bankman-Fried said he was in talks with “a …

FTX’s Bankman-Fried Seeks Funding After Binance Deal Collapses Read More »

Exclusive: Behind the fall of FTX, the fight against billionaires and a failed attempt to save crypto

Exclusive: Behind the fall of FTX, the fight against billionaires and a failed attempt to save crypto

November 10 (Reuters) – (This story contains language that some readers may find offensive in paragraph 2) On Tuesday morning, Sam Bankman-Fried, owner of cryptocurrency exchange FTX, caught his employees off guard with a grim message. “I’m sorry,” he told them. “I screwed up.” The reason for the mea culpa: its announcement half an hour …

Exclusive: Behind the fall of FTX, the fight against billionaires and a failed attempt to save crypto Read More »

Buffett's Berkshire loses money as stocks and Hurricane Ian offset rising demand

Buffett’s Berkshire loses money as stocks and Hurricane Ian offset rising demand

Nov 5 (Reuters) – Warren Buffett’s Berkshire Hathaway Inc (BRKa.N) posted a $2.69 billion third-quarter loss on Saturday, rising inflation, falling equity investment and a steep loss due to Hurricane Ian, which offset the improvement in many of the conglomerate’s businesses. Operating income nevertheless increased by 20%, exceeding analysts’ forecasts. Berkshire benefited from higher demand …

Buffett’s Berkshire loses money as stocks and Hurricane Ian offset rising demand Read More »

Inflation concerns hurt US consumer confidence;  real estate prices are slowing down

Inflation concerns hurt US consumer confidence; real estate prices are slowing down

Consumer confidence index drops 5.3 points to 102.5 Labor market gap falls to 32.5 from 38.1 Rise in house prices slows further in August WASHINGTON, Oct 25 (Reuters) – U.S. consumer confidence fell in October after two consecutive monthly increases amid growing concerns about inflation and a possible recession next year, but households remained keen …

Inflation concerns hurt US consumer confidence; real estate prices are slowing down Read More »