capital
By Pete Schroeder and Chris Prentice WASHINGTON/NEW YORK (Reuters) – The banking and finance industries are rapidly drawing up wish lists for lighter regulation under President Donald Trump’s incoming administration as Wall Street sees a window of opportunity to influence policy. Numerous financial trade groups are working on detailed lists…
By Niket Nishant, Manya Saini and Nupur Anand (Reuters) – The banking industry is expected to win big as former President Donald Trump returns to the White House, ushering in Republican regulators who are expected to ease capital rules and merger approvals, industry experts and analysts said. The President-elect’s picks…
Microsoft’s Q1 profits beat analysts’ estimates as cloud computing continued to grow.Q1 capital spending reached $20 billion, up from $19 billion in Q4.Microsoft shares edged higher in after-hours trading. Microsoft reported better-than-expected first-quarter results after the closing bell on Wednesday, and continued to ramp up its capital spending as it…
A former Avenue Capital fundraiser claims Marc Lasry offered her a $5 million settlement in May.Earlier this month, Lasry filed a lawsuit against Gina Strum, claiming she was trying to extort $50 million.A statement from Lasry claims the latest filings are a publicity stunt for her “malicious threats.” Billionaire Avenue…
By Jonathan Stempel NEW YORK (Reuters) – New York Attorney General Letitia James is investigating whether Capital One’s proposed $35.3 billion takeover of Discover Financial Services (NYSE:) violates the state’s antitrust law. James asked a state judge in Manhattan in court filings on Wednesday to subpoena Capital One for documents…
Orchid Island Capital (NYSE: NYSE:) reported a net income of $0.24 per share for the third quarter of 2024, signaling a substantial recovery from the previous quarter’s loss. Despite a slight decline in book value, the company showed a positive total return and increased dividends. The earnings call revealed strategic…
Ladder Capital Corp (NYSE:) announced its Q3 2024 earnings on October 15, 2024, with distributable earnings of $37.7 million, or $0.30 per share, and a return on equity of 9.8%. The company’s strong liquidity position, totaling $1.9 billion, includes $1.6 billion in cash and cash equivalents. Ladder also reported a…
ZURICH (Reuters) – UBS Chair Colm Kelleher warned on Sunday that the Swiss government’s plans to strengthen capital requirements for big banks could damage the country’s position as a financial centre. The government earlier this year laid out plans for tougher capital requirements for UBS and Switzerland’s three other big…
Investors following the movements of Saba Capital Management, L.P. may be interested to learn that the firm has recently made a significant purchase of shares in BlackRock (NYSE:) Health Sciences Term Trust (NYSE:BMEZ). The transaction, which took place on September 19, involved the acquisition of 15,455 shares at a price…
Magnolia Capital Fund, LP has divested a portion of its holdings in Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLRD), selling preferred shares valued at more than $430,000. The transactions, which took place over two days, involved the sale of Series D Cumulative Convertible Preferred Stock at an average price range…
