Engels, who joined Danske Bank in April 2020, will resign from his position on March 1, 2025. In his statement, Engels expressed gratitude for the opportunity to have been part of Danske Bank and expressed confidence in the organisation's future. "I am confident that when the time comes next year, I will be able to…
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The firm was expected to put up 6.5 million American depository shares (ADS) valued at between $15.50 and $18.50, and aimed to raise an estimated $440m with its US IPO. The listing deadline was set for the week ending 23 August 2024. In a Thursday 22 August 2024 statement, WeRide said: Updating transaction documents is…
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Posts began to appear on Wednesday 21 August, with the five million followers of McDonald’s on Instagram seeing the grimace memecoin promoted. This token is based on the Solana blockchain and its market value began to rise, apparently due to the hacked account. The value of grimace began to climb until its market cap reached…
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Reuters reported that, according to a January 2024 Hong Kong court ruling, Evergrande’s creditors are “de facto shareholders” in the company’s onshore assets. The property developer’s offshore debt is estimated at about $23bn. Shareholders are usually last in line when it comes to liquidated debt settlements. However, in relation to the Evergrande electric vehicle (EV)…
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This company said that it raised these funds in a Series B capital round. A CNBC report cited unnamed sources who claimed that this latest fundraising brings Story’s value to $2.25bn. Polychain, a crypto venture capital firm, and Brevan Howard, the investment fund of British billionaire and hedge fund manager Alan Howard, also invested in…
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Hanes had been duped by cryptocurrency scammers in a ‘pig butchering’ scam where he took money out of the Kansas bank to send to the scammers’ wallets. Federal prosecutors said that the scam appealed to his greed. The embezzlement led to the bank collapsing and being taken over by the Federal Deposit Insurance Corporation (FDIC).…
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Legal experts reportedly indicated this could heighten the prosecution risk of those trading in virtual currencies. Based on a report in the South China Morning Post, Shao Shiwei, a lawyer from the Mankun Law Firm in Shanghai, pointed out that this court's judicial interpretation affects Chinese crypto investors in mainland China. He allegedly wrote: From…
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This broader collaboration enables the companies to offer Fastlane by PayPal, a functionality that will expedite digital checkout flows for enterprise and marketplace customers. According to the digital payment giant's press release, this initiative will be rolled out in the US before extending it to its global customer base. Both companies believe Fastlane by PayPal…
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Bloomberg reported that economists from Goldman Sachs (GS) and Wells Fargo & Company (WFC) expect that preliminary labour revisions will reflect a 600,000 weaker payroll growth in the year leading up to March 2024. JPMorgan Chase & Company (JPM) predicted a decline of 360,000, but Wells Fargo thinks that it may even be as much…
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Since May 2022, Netflix’s shares soared over 300% from their low point in May 2022, making it the only major publicly traded streaming company to recover to the all-time-high levels since COVID-19. Investors were drawn to the rapid subscriber growth as people stayed at home and the shares soared. In contrast, other streaming companies have…
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