Melbourne, Australia: PrismaStake, an emerging leader in the decentralized finance (DeFi) sector, has announced a significant funding boost of $6 million. This strategic investment propels the company into a new phase of growth, aimed at redefining the DeFi landscape with its innovative staking platform. Elevating the DeFi Experience With a mission to elevate DeFi staking,…
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TECOM Group announces record-breaking results and dividend payout
DUBAI: TECOM Group, the creator of specialised business districts and vibrant communities in Dubai, has announced its best-ever financial and operational performance for the year 2023, along with a cash dividend of AED 800 million for its shareholders. The Group held its Annual General Assembly Meeting at Dubai Internet City, where it approved the financial…
CVC Asis Pacific raises offer for APM to $2.00 per share
SYDNEY: CVC Asia Pacific Limited (CVC) has increased its offer for APM Human Services International Limited (APM) to $2.00 cash per share, up from $1.60, in a bid to acquire the human services provider by way of a scheme of arrangement. APM’s board has agreed to grant CVC a four-week period of exclusivity to 27…
Barclays announces new operating structure and leadership changes
LONDON: Barclays Plc, one of the leading global financial services providers, has today announced a new operating structure that will align its business segments with its strategic priorities and customer needs. The new structure will consist of five focused operating divisions, namely: Barclays will report its financial performance based on these five operating divisions, in…
Ryan Bailey to lead Cambridge Savings Bank as new President and CEO
Cambridge Savings Bank (CSB), a full-service mutual bank with nearly $7 billion in assets, has announced the hiring of Ryan Bailey as its new president and chief executive officer (CEO). Bailey will succeed Wayne Patenaude, who will retire in 2023 after 12 years of leading the bank. Bailey joins CSB from USAA, where he was…
Edith Avilés joins HSBC’s US Boards of Directors
HSBC Bank USA announced today the recent appointment of Edith Avilés to the HSBC North America Holdings Inc. (HNAH) and HSBC Bank USA, N.A. (HBUS) Boards of Directors, effective January 1. Avilés is a seasoned investment banker who has worked across US, European and Latin American markets for 30 years. She retired from Natixis S.A.…
ING reports record profits in 2023 despite challenging year
AMSTERDAM: ING, one of the largest banks in Europe, announced its financial results for the fourth quarter and the full year of 2023, showing strong performance across its retail and wholesale banking segments. The bank posted a net result of €1,558 million for the fourth quarter, up 31% from the same period in 2022, and…
Finance
Finance is the study of money, investments, and how money is managed. It is a broad field that includes many different areas, such as: Finance is a complex and ever-changing field, but it is essential for understanding how money works and how to make sound financial decisions. Here are some of the most important concepts…
Total issues hybrid bonds to finance its development strategy in renewables
PARIS: Total SE successfully issued perpetual subordinated bonds in the amount of €3 billion. Jean-Pierre Sbraire, Chief Financial Officer at Total, said: “These hybrid bonds provide a cost of capital comparable to that of pure players in renewables and is therefore suited to finance acquisitions in this business. These bonds will finance in a very…
Cloudberry contemplates private placement to finance growth
OSLO: Cloudberry Clean Energy AS is contemplating to raise gross proceeds of between NOK 300 and NOK 500 million by issuing new shares in the Company through an accelerated bookbuilding process. Cloudberry Clean Energy AS has retained Carnegie AS and Pareto Securities AS as Joint Lead Managers and Joint Bookrunners to advise on and effect…
Axis Bank
Axis Bank is the third-largest private sector Indian bank, and offers a range of financial products. The bank has its head office in Mumbai, Maharashtra. It has 4,800 branches, 17,801 ATMs and 4,917 cash recyclers across the country as of 31 March 2020, and nine international offices. It has a market capitalization of ₹2.31 trillion…
Graham Wheeler appointed CEO of Advantage Finance
LONDON: S&U plc, the specialist motor finance and bridging lender, announces the appointment of Graham Wheeler as CEO of S&U’s market leading motor finance business, Advantage Finance. Graham joins the Company on 1st October 2019. Graham will take the reins at Advantage Finance from Guy Thompson, who is planning to retire in 2020. Guy was…