The move by UBS to acquire Credit Suisse represents the most significant banking deal since the 2008 global financial crisis. Ermotti and Kelleher added that there are challenges but also "many opportunities" for employees, shareholders, clients, and Switzerland itself. The newly created banking giant will oversee $5 trillion of assets, meaning UBS will now take…
Read moreExchange consolidation is not very common in today's international markets, it seems. However, this didn't stop the Hong Kong Exchange (HKEX) to make an unsolicited $36.6 billion offer for the London Stock Exchange (LSE). The takeover bid stunned the financial world, as many experts called the unsolicited bid "aggressive" and "unexpected". HKEX commented that the…
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The combination of the words “hostile takeover” and cryptocurrencies is not very common. A report from press claims that a startup known as Valor Foundation is planning a hostile takeover of Ripple, the $14 billion cryptocurrency. According to BTC Manager, if such a takeover is actually completed, it will be the first hostile takeover in…
Read moreKeenly placed after a rise of fortunes which have driven an increase of 130% in share value, KVB Kunlun may be the next FX firm to be subject to the wave of mergers and acquisitions that have engulfed the global FX industry recently, with an investor showing interest in possible acquisition of all or part of the 1,500 million Shares owned by the controlling shareholder.
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