Canada approves C$20 billion Rogers-Shaw deal under difficult circumstances

March 31 (Reuters) – Canada on Friday approved Rogers Communications Inc’s acquisition of Shaw Communications for C$20 billion ($14.8 billion) after making binding commitments to pay financial penalties if the company fails to deliver new create jobs and invest to expand its network. The latest nod from Minister of Innovation, Science and Industry Fran├žois-Philippe Champagne … Read more

Exclusive: US regulator aims to sell Silicon Valley Bank, Signature Bank portfolios, sources say

NEW YORK/WASHINGTON, March 31 (Reuters) – The Federal Deposit Insurance Corporation (FDIC) has hired advisers to sell the securities portfolios rejected by the new owners of the bankrupt Silicon Valley Bank and Signature Bank, according to people in the know with the case. The portfolios consist of low-interest assets, such as government bonds and U.S. … Read more

AMC Entertainment shares are jumping on report that Amazon is exploring a deal

March 28 (Reuters) – Shares of AMC Entertainment Holdings Inc (AMC.N) rose as much as 21% on Tuesday, following a report that e-commerce giant Amazon.com Inc (AMZN.O) was looking to buy the theater chain. Amazon founder Jeff Bezos has sent his investment advisers and top entertainment executives to investigate acquisition plans for AMC, entertainment industry … Read more

Credit Suisse gained access to billions in liquidity over the weekend, says the Swiss finance minister

ZURICH, March 25 (Reuters) – Credit Suisse (CSGN.S) tapped the Swiss National Bank for “a large multibillion-dollar sum” over the weekend to safeguard its liquidity, the country’s finance minister Karin Keller-Sutter told me. Saturday to the Swiss broadcaster SRF. . The troubled Swiss bank had said last week it planned to borrow up to 50 … Read more

Exclusive: Citizens Financial eyes bid on SVB private bank, sources say

NEW YORK, March 23 (Reuters) – Citizens Financial Group Inc (CFG.N) is preparing a bid to acquire the private banking business of bankrupt Silicon Valley Bank, two people familiar with the matter said Thursday. Citizens, one of the largest regional banks in the US, is preparing to bid for the auction of the company, which … Read more

Central banks continue to raise interest rates amid banking turmoil

March 23 (Reuters) – The Bank of England followed the Federal Reserve and the Swiss National Bank on Thursday in continuing rate hikes, saying the UK banking sector was strong enough to withstand the instability that rippled through markets this month. Relentless rate hikes to contain inflation are among the factors responsible for the worst … Read more

Shares of the First Republic are falling sharply as Yellen says the Treasury will not insure all deposits

NEW YORK, March 22 (Reuters) – As the beleaguered First Republic Bank (FRC.N) weighs its options, Treasury Secretary Janet Yellen said on Wednesday there is no discussion on insurance for all deposits, creating a “bull case” scenario becomes more difficult for the stock. First Republic, whose shares have lost much of their value since the … Read more

US authorities focused on stability, First Republic as Fed meets

March 22 (Reuters) – US authorities will consider moves on Wednesday to further strengthen financial stability, along with scenarios to address the problems regional lender First Republic Bank continues to face. While the recent market turmoil has eased, the Federal Reserve meeting is now at the center of attention, with traders arguing over whether the … Read more

BlackRock’s Hildebrand is reportedly taking part in talks with UBS and Credit Suisse

March 18 (Reuters) – BlackRock Inc (BLK.N) Vice Chairman Philipp Hildebrand joins talks as Swiss officials try to broker a deal for UBS Group (UBSG.S) to acquire Credit Suisse Group AG (CSGN.S) take), Bloomberg News reported on Saturday, citing unidentified sources. When asked about the report, BlackRock spokesman Ryan O’Keeffe said in a telephone interview … Read more

Credit Suisse meets to weigh options, under pressure to merge with UBS

March 18 (Reuters) – Credit Suisse Group AG (CSGN.S) embarked on an all-or-nothing weekend after some rivals became cautious in their dealings with the bank as regulators urged the bank to pursue a deal with Swiss rival UBS AG (UBSG. S). Credit Suisse Chief Financial Officer Dixit Joshi and his teams will hold meetings over … Read more