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FinanceMonte Dei Paschi’s Cash Call 93% Covered so Far Despite Low Shareholder Take-Up
BankingFactbox-Credit Suisse’s Strategic Overhaul at a Glance
Top StoriesItaly’s Mps to Launch Share Sale After Banks Give Blessing
Top StoriesCredit Suisse Shares Hit Record Low After Report Bank Is Looking to Raise Cash
U.S. Startup Valuations Contract as Early-Stage Investors Turn Cautious
Date: August 11, 2022
By Niket Nishant and Mehnaz Yasmin (Reuters) – U.S. startups seeking early-stage funding saw a decline in their valuations in the second quarter, as jittery venture capital investors urge founders to make more concessions. Easy fiscal policies and stimulus measures that led to an investment frenzy last year and sky-high startup valuations are now fading...
The Importance of SMEs in Exchange Infrastructure
Date: August 11, 2022
By Jesús González Nieto, Head of BME Growth Small businesses are the backbone of our economy. In the UK, SMEs account for 99% of the business population and are responsible for around half of GDP and employment. The situation is similar across Europe as SMEs contribute to over half of Europe’s GDP and employ around...
Monte Dei Paschi Enlists More Banks for Cash Call, Fights Legal Challenge
Date: August 5, 2022
By Valentina Za MILAN (Reuters) – State-owned Italian bank Monte dei Paschi di Siena (MPS) said four more banks had agreed to back its upcoming 2.5 billion euro ($2.6 billion) cash call, as it moves to fend off a fresh legal challenge. The Tuscan bank needs more cash five years after an 8 billion euro...
Monte Paschi CEO Sees Positive Market Feedback on $2.5 Billion Cash Call
Date: July 12, 2022
By Giuseppe Fonte ROME (Reuters) – Monte dei Paschi di Siena (MPS) Chief Executive Luigi Lovaglio said the initial feedback on the Italian bank’s new strategic plan was generally positive, with the market perceiving its industrial goals as credible. The state-owned bank is preparing to tap investors in the autumn to raise 2.5 billion euros...
Saipem Raises Initial 1.4 Billion Euros in Capital Increase
Date: July 11, 2022
MILAN (Reuters) -Italy’s Saipem has raised around 1.395 billion euros ($1.4 billion) to stabilise its finances, the energy services group said on Monday, adding that investors subscribed around 70% of the new shares it was issuing in a cash call. Last month Saipem launched a 2 billion euro hyper-dilutive capital increase, which was open until...
How to Raise Funds for Your Startup During Investing’s Summer Low Season
Date: June 24, 2022
By Abbie Main, Sales Manager at SeedLegals ‘Move fast and break things’ was Mark Zuckerberg’s now famous motto when growing Facebook. The approach captured the minds of many aspiring entrepreneurs who wanted to grow fast and succeed faster. It was about having a grasp on the opportunities in front of you to accelerate your way...