Circle says 3.3B USDC Reserves to be Fully Available on Monday

March 12 Reuters Cryptocurrency firm Circle said on Sunday all its depositors with the collapsed Silicon Valley Bank and Signature Bank will be made whole and the 3.3 billion USDC reserve deposit held at Silicon Valley Bank will be fully available when banks open Monday. Circle39;s announcement comes after the U.S. administration on Sunday stepped in with […]
Read More

Moscow Exchange Sees 29 Jump in Net Profit in 2022

MOSCOW, March 10 Reuters Moscow Exchange, Russia39;s main bourse, recorded a 29 increase in net profit in 2022 to 36.3 billion roubles 479 million, the company said on Friday. Trading volumes remained strong at Moscow Exchange last year, despite a monthlong closure of the stock market after the Kremlin ordered tens of thousands of troops […]
Read More

Aviva Boosts Investor Payouts after Profit Beat

LONDON, March 9 Reuters Aviva hiked its payouts to investors on Thursday, including a pledged 300 million pound 355 million share buyback, after navigating a volatile year in its key markets amid pressure from activist investor Cevian to boost returns. The British insurer and asset manager said it had paid more than 5 billion pounds to […]
Read More

MG CEO says Asset Manager Can Go it Alone amid Takeover Talk

LONDON, March 9 Reuters MG39;s newly installed chief executive Andrea Rossi said on Thursday his asset management and insurance business was capable of boosting profits independently, and had no plans to engage with predators reportedly circling the company. The firm was linked in a media report recently to a potential takeover bid by Australian investment bank Macquarie […]
Read More

Vivendi Hits Antitrust Hurdles in Quest for Lagardere

Received statement of objections from Brussels CEO Obtained three serious offers for Editis CEO Reports annual loss on Telecom Italia, Editis impairment Vincent Bollore to fully leave board March 8 Reuters French media group Vivendi hit antitrust hurdles in its quest to take over media group Lagardere, its chief executive said on Wednesday, as the company […]
Read More

Credit Suisse Delays Annual Report after SEC Call, Shares Drop

SEC raised questions about bank39;s earlier financial statements SEC questions concern consolidated cash flow statements, related controls Bank says 2022 financial results 39;not impacted39; Analyst describes bank as 39;major construction site39; ZURICH, March 9 Reuters Credit Suisse has postponed publication of its annual report after a lastminute call from the United States Securities and Exchange […]
Read More