Category: equity
-
NFL could vote soon on private equity buy stakes in teams
•
The NFL plans to hold a meeting in Minneapolis on Aug. 27 to discuss and vote on whether to allow institutional investors to buy shares in teams. The association has been meeting with several private equity firms this week in hopes of finalizing a framework to present to owners, people…
-
Gerald Warui steps down as head of Equity Bank Kenya
•
Gerald Warui, Managing Director of Equity Bank Kenya, has left the company, becoming the second senior executive to leave the regional bank in two months. Mr. Warwe, a professional banker, has been with the bank since 1998 and has held various positions. He has been temporarily replaced by the Head…
-
Evercore hires Goldman banker Kamo for private equity dealmaking, sources say By Reuters
•
Milan city win NEW YORK (Reuters) – Investment bank Evercore has hired a top Goldman Sachs dealmaker as a senior managing director to help boost its coverage of private equity firms and alternative asset managers, people familiar with the matter said on Friday. David Camus, who was named global head…
-
AI firm secures $300m valuation in major US private equity deal
•
Board Intelligence, the leading AI company working to improve board performance, has announced the sale of a majority stake to California-based private equity firm K1, valuing the London-based company at up to $300m (£230m). The major investment will see founders Jennifer Sandberg, 44, and Pippa Page, 40, receive millions of…
-
Japan chief cabinet secretary Hayashi says equity prices are determined in the market
•
High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
-
Japan chief cabinet secretary Hayashi says equity prices are determined in the market
•
High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
-
NCBA overtakes KCB, Equity in high value accounts
•
NCBA Bank Kenya has outperformed its major competitors, including KCB Bank Kenya and Equity Bank Kenya, to hold the largest number of high-value accounts with deposits of over Sh100,000 at the end of December. The latest banking supervisory report showed that NCBA’s high net worth accounts more than doubled to…
-
NCBA overtakes KCB, Equity in high value accounts
•
NCBA Bank Kenya has outperformed its major competitors, including KCB Bank Kenya and Equity Bank Kenya, to hold the largest number of high-value accounts with deposits of over Sh100,000 at the end of December. The latest banking supervisory report showed that NCBA’s high net worth accounts more than doubled to…
-
US private equity firm in talks to buy cyberattack co Paragon
•
A US private equity fund, which includes a group of security companies, is in talks to acquire Israeli cyber attack company Paragon Solutions. Headquartered in the Discount Bank Tower in Tel Aviv, the company was founded five years ago by the former commander of the IDF’s 8200th Intelligence Unit, Brig.…
-
US private equity firm in talks to buy cyberattack co Paragon
•
A US private equity fund, which includes a group of security companies, is in talks to acquire Israeli cyber attack company Paragon Solutions. Headquartered in the Discount Bank Tower in Tel Aviv, the company was founded five years ago by the former commander of the IDF’s 8200th Intelligence Unit, Brig.…
-
FP Markets Slashes Spreads on Gold, Major Forex Pairs, and Equity Indices
•
Payments in Africa: A Cross-Border and Device Revolution | Fmas:24 Payments in Africa: A Cross-Border and Device Revolution | Fmas:24 Payments in Africa: A Cross-Border and Device Revolution | Fmas:24 Payments in Africa: A Cross-Border and Device Revolution | Fmas:24 Payments in Africa: A Cross-Border and Device Revolution | Fmas:24…
-
Labour to Tackle Private Equity Tax Loophole in Election Manifesto
•
Labor is set to announce measures to close a major tax loophole that currently allows thousands of private equity investors to avoid paying income tax. The initiative will be a key feature of the party’s general election manifesto, which is expected to be unveiled this week. Currently, gains from private…
-
Equity taps AAR boss to head new health insurance subsidiary
•
Equity Group has appointed AAR Insurance Holdings CEO Patrick Gatunga as managing director of its new health insurer, as the financial services firm deepens its foray into the underwriting business. Sources said Mr Gatunga, who has been CEO of AAR since September 2022, has moved to Equity Group where he…
-
Soccer-Everton takeover by US private equity firm falls through By Reuters
•
(Reuters) – Premier League club Everton said on Saturday that the takeover agreement with potential owner 777 Partners had expired after the American private equity firm failed to complete the acquisition of a majority stake in Farhad Moshiri by Friday’s deadline. In September, the Miami-based investment fund said it had…
-
Equity seeks fraud busters to counter loss of client deposits
•
Equity Group names top fraud busters just a month after losing millions of shillings to fraudsters, signaling a move by Kenya’s most profitable lender to strengthen its anti-fraud team. The bank, which recently raided the Central Bank of Kenya (CBK) and PricewaterhouseCoopers (PwC) in search of talent to strengthen its…
-
The stock market has peaked and will trade flat for the rest of 2024, Goldman equity chief says
•
A stock trader at work at the New York Stock Exchange on February 24, 2020.Johannes Eisele/Getty Images The S&P 500 could trade flat for the rest of the year, says David Kostin, chief U.S. equity strategist at Goldman Sachs. He told Bloomberg TV that the index has already reached Goldman’s…
-
Equity Group net profit rises by a quarter in Q1 to Sh15bn
•
Equity Group Holdings reported a 25.1 percent growth in net profit for the first three months to March to Sh15.3 billion from Sh12.3 billion in the corresponding period a year earlier. The increase in profits is due to the increase in income during this period, as the bank grew its…
-
Kenyattas, Equity CEO top in Sh63bn bank dividends
•
The families of Jomo Kenyatta, former Central Bank of Kenya Governor Philip Ndegwa, I&M Bank founder Suresh Shah and Equity Group CEO James Mwangi are among the biggest beneficiaries of the total Sh63.1 billion dividends to be paid by Kenya’s listed banks. The Kenyatta family, which owns a 13.2 per…
-
Devexperts Teams Up with nuam Exchange to Boost Equity and Derivatives Trading
•
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast Where the…