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Robinhood acquires credit card startup X1 for $95M

TechCrunch: M&A

Not only has crypto trading slowed down , but its core trading business overall saw declines in May , most likely prompting that desire to diversify its business. The startup first made headlines for its unique model , which allows it to underwrite customers based on their income rather than their credit scores.

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Allianz Trade in Hong Kong celebrates 25 years of success

Global Banking & Finance

From a small office of six to the largest private trade credit insurer in town Allianz Trade in Hong Kong was pleased to celebrate its 25-year anniversary yesterday, hosting a glittering dinner event which was well attended by nearly 100 guests including business and media partners.

Trading 40
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How the Growth of Private Credit is Impacting Private Equity

OfficeHours

Following the GFC, the government enacted new regulations that limited banks’ abilities to underwrite highly leveraged financing. For example, banks suffered from numerous hung deals in the 2021-2022 timeframe (Citrix, Twitter, and many others), which limited the flexibility banks had to underwrite new financings.

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D. Boral Capital Served as the Sole Underwriter on the IPO of BurTech Acquisition Corp (Nasdaq: BRKH) which Recently Completed an ~$894 Million Business Combination with Blaize, Inc. (“Blaize”)

Global Newswire by Notified: M&A

BurTech) (NASDAQ: BRKH), a publicly traded special purpose acquisition company, and Blaize, Inc. and began trading on Nasdaq under the ticker symbols BZAI and BZAIW on January 14, 2025. WASHINGTON and EL DORADO HILLS, Calif., 15, 2025 (GLOBE NEWSWIRE) -- BurTech Acquisition Corp.

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How Merchant Banks Help Businesses Grow and Succeed

Razorpay

They may help with underwriting, fundraising, credit or financial advice. Underwriting Services Merchant banks also provide underwriting services for initial public offerings (IPOs), private placements, follow-on public offerings (FPOs) and rights issues. What is a Merchant Bank?

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Citi reports strong third quarter in institutional clients group despite fall in equities income

The TRADE

Read more – Citi reports double-digit Q2 decline in investment banking and markets revenue Treasury and trade solutions posted its best quarter in a decade for Q3 2023 results, while services was the fastest growing business according to the results, increasing by 12%. Throughout Q3 Citi has had some significant changes to its personnel.

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Andretti Acquisition Corp. II Announces the Pricing of $200,000,000 Initial Public Offering

Global Newswire by Notified: M&A

The units are expected to be listed on The Nasdaq Stock Market LLC (“Nasdaq”) and begin trading tomorrow, September 6, 2024, under the ticker symbol “POLEU.” No fractional warrants will be issued upon separation of the units and only whole warrants will trade. per share, subject to certain adjustments.