Dollar holds advantage on economic optimism, euro looks vulnerable The dollar traded near multi-month highs against most major currencies on Friday, supported by a wave of optimism due to improving US economic data, the rollout of coronavirus vaccines, and rising Treasury yields. The euro was in focus ahead of data on German business sentiment…
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’…
In Wealth Deals, Buyers Adopt New Deference A new, clubbier model of Swiss private banking acquisition is emerging in a flurry of deals in the sector. Suitors hope a softer touch will ensure success, but the approach also carries risks. Switzerland’s wealth sector remains fertile hunting ground, with three notable deals notched this year:…
