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Glencore to Sell Australian Copper Mine to Spac for $1.1 Billion
Date: November 23, 2022
(Reuters) – Glencore said on Wednesday that blank-check firm Metal Acquisition Corp (MAC) agreed to an amended agreement to buy the global miner’s Cobar copper mine in Australia in a deal valued at $1.1 billion. Glencore said the terms include Glencore receiving $1.1 billion, as originally agreed in a March deal, but with amended payment...
Ireland to Sell 8% of Its Majority Stake in Aib in One Go
Date: November 8, 2022
DUBLIN (Reuters) – The Irish government received more than enough demand to cover the sale of 8% of its majority stake in Allied Irish Banks (AIB) in an accelerated book build on Monday, one of the joint bookrunners said. Dublin began gradually selling shares in AIB for the first time since a 2017 IPO at...
Exclusive-Morgan Stanley to Start Layoffs in Coming Weeks as Dealmaking Slows -Sources
Date: November 3, 2022
By Kane Wu, Scott Murdoch and Julie Zhu HONG KONG (Reuters) – Wall Street major Morgan Stanley is expected to start a fresh round of layoffs globally in the coming weeks, three people with knowledge of the plan said, as dealmaking business takes a hit due to rising inflation and an economic downturn. In Asia...
Exclusive-Greece to Borrow up to 8 Billion Euros From Bond Markets in 2023
Date: November 1, 2022
By Lefteris Papadimas ATHENS (Reuters) – Greece plans to raise up to 8 billion euros ($7.91 billion) from debt markets in 2023 by issuing new short- and long-term issues, two government sources told Reuters on Tuesday. The country emerged from a decade-long debt crisis in 2018 and since then has relied solely on bond markets...
Credit Suisse Seeks Billions From Investors in Make-Or-Break Shake-Up
Date: October 27, 2022
By Noele Illien, Oliver Hirt and John O’Donnell ZURICH (Reuters) – Credit Suisse plans to raise 4 billion Swiss francs ($4 billion) from investors, cut thousands of jobs and shift its focus from investment banking towards rich clients as the bank attempts to put years of scandals behind it. Chairman Axel Lehmann dubbed the plan...
The Rise of Workflow Automation on the Capital Markets Desktop
Date: October 25, 2022
By Reena Raichura, Director, Head of Product Solutions, Glue42 In the past, when the capital markets industry talked about workflow automation, the assumption was that this was back-end process automation. However, with the rise of desktop integration platforms and interoperability this assumption has dissolved away and in 2022 we are now seeing an emergence for...