Wednesday, November 25, 2020
The United States’ regulators at the Office of the Comptroller of the Currency (OCC) revealed that JPMorgan Chase has a pattern of misconduct in its asset and wealth management division. In addition to the weak control framework and wealth management,...
Following a successful preliminary trial data of COVID-19 vaccine by Moderna, the U.S. stocks jumped to a 30,000 record, indicating a long haul investing. Drugmaker Moderna announced the vaccine proved to be 94.5 percent effective, enticing more investors to inject...
Miami-based startup Reef Technology, formerly ParkJockey, received massive attention from giant investors like SoftBank and Mubadala Corp., raising a total of $700 million. The company which provides hardware, software, and management services for parking lots, expanded to other ventures including...
Wealth management firm Hub24 has entered a multimillion bid to acquire finance advisory company Xplore Wealth, injecting $60M as capital. The acquisition consists of a mix of cash and Hub24 scrip, as Xplore Wealth values $15 billion. It’s a leading...
In a joint statement on Tuesday, October 20, 2020, SK Hynix and Intel announced that the latter would be selling its NAND flash memory business to SK Hynix. The deal is valued at a massive $9 billion all-cash deal....
A study by the Union Bank of Switzerland (UBS) and PricewaterhouseCoopers (PwC) revealed that the total wealth owned by the world’s billionaires has spiked from $8 trillion in April to $10.2 trillion in July, reported CNBC. According to the study,...
Uber’s logistics arms, Uber Freight, gained a $500-million investment from Greenbriar Equity Group after it had sold its shares in the wake of the COVID-19 pandemic. The ride-hailing and transport services giant announced its multi-million investment last Friday, October...
Singapore-based digital wealth management firm Syfe recently raised $18.6 million in a Series A investment round. The startup firm specializes in providing Robo-advisor financial services in Asia. Founded by Dhruva Arora in 2017, Syfe offers a combination of human wealth...
Warren Buffet-backed Snowflake announced Wednesday, September 16, 2020, that its valuation more than doubled on the first trading day of its initial public offering (IPO) trading day. Following its successful trading day, the cloud data warehousing company raised nearly...
Following a massive lost of shares amounting to over a fifth of its value in just a month, the Securities and Exchange Organization is reportedly looking into tapping into Iran’s sovereign wealth fund. The move towards allocating 1% of...

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