The biggest merger of 2020?

S&P pays $44bn for IHS Markit as financial-data providers race for scale.   IN 2003 LANCE UGGLA, a Canadian stockbroker, founded a financial-data startup in a British barn. Endowed with just $17m in seed funding and ten employees, Markit started off by providing pricing for the opaque market in credit-default swaps, hoping to tap investors’…

Appetite for takeovers on the agenda

M&A Roadmap for the Banking Industry in 2021   Mergers and acquisitions have returned back on the agenda of Swiss banking with force. Even if the mooted UBS-Credit Suisse-deal seems an unlikely proposition now, there are plenty of other options on the table for 2021, as an overview presented by finews.asia shows.   Big banking has found…

Reality TV at its finest

Trump refuses to concede US election after acknowledging Biden victory   President initially tweets Democrat won because of rigged vote before vowing to fight on Donald Trump refused to concede the US presidential election even after tweeting that Joe Biden had won the race for the White House — his first public acknowledgment of defeat…