Bolt Threads, a synthetic biology company specializing in biomaterials, plans to go public through a merger with a special purpose…
Jack B.
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The Japanese government and regulators are undertaking a major initiative to revive the country’s long-dormant junk bond market. The goal…
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Snapchat’s parent company Snap recently unveiled an experimental new chatbot feature dubbed Snapchat+. Using natural language processing, the bot can…
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BankingTop News
China’s state banks seen selling dollars for yuan in London and New York hours
by Jack B.by Jack B.Reports indicate that China’s major state-owned banks have been actively selling U.S. dollars to acquire yuan in both onshore and…
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BankingTop News
Russian central bank jacks up rates to 12% to support battered rouble
by Jack B.by Jack B.Russia’s central bank has taken decisive action in response to the recent decline of the rublehiking its key interest rate…
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Dutch cooperative bank Rabobank (RABO.UL) announced on Thursday a significant surge in its first-half profitwith elevated interest rates boosting interest…
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European stock markets experienced a decline on Tuesdaydriven by pressure on Italian banks following the cabinet’s approval of a windfall…
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We live in an age where artificial intelligence and machine learning are rapidly changing almost every industry including finance. Fintech…
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BankingInvestmentTop News
Northern Trust Reports 17% Drop in Q2 Profit, Driven by Lower Fee-Based Income
by Jack B.by Jack B.On July 19th, Northern Trust (NTRS.O), an asset and wealth manager, disclosed a 17% decline in its second-quarter profits. The…
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BankingInvestmentTop News
Goldman Sachs Faces Steeper-than-Expected Profit Decline in Q2 Due to Consumer Business Retreat and Investment Writedowns
by Jack B.by Jack B.On July 19th 2023, investment banking giant Goldman Sachs Group (GS.N) released its second-quarter financial reportrevealing a significant drop in…