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WeWork Is Raising $780 Million at a Huge Valuation
WeWork, a New York-based startup that leases out offices and other co-working spaces, has authorized the sale of up to $780 million in new stock, according to documents filed on Tuesday in Delaware....
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How a Typo Helped Stop a $1 Billion Bank Heist
A spelling mistake in an online bank transfer instruction helped prevent a nearly $1 billion heist last month involving the Bangladesh central bank and the New York Fed, banking officials said. Unknown...
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This Is Donald Trump’s Go-To Lender
It may be the perfect match of lender and borrower. The bank that Donald J. Trump turns to more often than not when it comes to financing his real estate dreams is also the bank with some of the...
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Here’s What the Credit Suisse Job Cuts Say About the Future of Europe’s...
Credit Suisse‘s announcement on Wednesday that it will lay off thousands more employees from its trading operations shows how much ground Europe’s big banks are losing to U.S. rivals in financial...
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SunEdison Has 1 Week to Avoid Confronting $1.4 Billion Default
Time is running out for SunEdison. The Belmont, Calif.-based renewable energy giant has until March 30 to submit its 2015 annual report, a document the company has delayed filing twice already this...
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Deutsche Bank and JPMorgan Chase Are Pulled Into Probe of Malaysian State Fund
U.S. Department of Justice officials have asked Deutsche Bank AG and JPMorgan Chase to provide details on their dealings with 1MDB, as global investigations into the troubled Malaysian state fund...
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Malaysia Parliament Group Slams State Fund Board for 1MDB Scandal
A Malaysian parliamentary inquiry on Thursday slammed the board of state fund 1MDB for being irresponsible and urged a probe into its former chief, but stopped short of implicating Prime Minister Najib...
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Deutsche Bank Freezes North Carolina Expansion in Response to Bathroom Law
Deutsche Bank db is freezing plans to bring more than 200 jobs to North Carolina as a part of growing corporate resistance to a controversial law in the state. Last month, North Carolina's Republican...
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Despite HB2, All of These Stars Are Performing In North Carolina
The popular British folk-rock band Mumford & Sons have a concert scheduled tonight in Charlotte, North Carolina. Unlike some other musicians who have cancelled recent appearances to protest the...
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These 7 Big Banks Agreed to Pay $324 Million in a Rate Rigging Lawsuit
Seven of the world’s biggest banks have agreed to pay $324 million to settle a private U.S. lawsuit accusing them of rigging an interest rate benchmark used in the $553 trillion derivatives market. The...
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Tesla Just Raised $1.5 Billion to Finance Model 3 Production
Tesla Motors has raised $1.46 billion in fresh capital from the sale of its 6.8 million new common stock offering, according to IFR. Tesla tsla seeks to finance a plan to expand production of its...
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Deutsche Bank Is Investigating a Deal That Could Have Profited Staff
Deutsche Bank is investigating staff involvement in a transaction suspected of causing a conflict of interest and has suspended bonus payments of the staff while the probe is ongoing, the bank said on...
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Deutsche Bank Is Getting Probed by the SEC
Troubled Wall Street giant Deutsche Bank db is under another investigation, this time by the Securities and Exchange Commission regarding the pricing and reporting of certain mortgage-backed...
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Investment Banks Just Had Their Worst First Quarter Since the Financial Crisis
Revenue at the world’s 12 largest investment banks fell 25% in the first quarter from a year ago as economic uncertainty and investor caution led to the slowest start since the financial crisis, a...
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London to Lose Tens of Thousands of Jobs After Brexit
It won’t just be Britain that is doing the leaving after the Brexit vote. A number of large companies, particularly banks, are likely to pack up at least some of their workers and move them out of...
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Post-Brexit Market Turmoil Hits Bank Stocks the Hardest
It’s hardly a great day for any kind of stocks today, but bank and other financial stocks are getting trashed more than most in the wake of the U.K.’s decision to leave the European Union. The S&P...
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The Hollywood Studio Behind ‘Hunger Games’ Just Signed a $4.4 Billion Merger
Lions Gate Entertainment lgf , the film studio behind the Hunger Games movie franchise, said it would buy premium television network Starz strza for $4.4 billion in cash and stock, in a deal that would...
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Why the Bank Stress Tests Don’t Really Matter
For all the hullabaloo about the stress tests, the truth is the Fed is making bank executives sweat a little less than it used to. What’s more, after six years of doing these annual tests, the...
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European Tech Investors Spot Safe Havens From Brexit Worries
Technology investors seeking refuge after Brexit are picking companies delivering instant access to services for Web and mobile customers or firms mainly doing business globally which can benefit from...
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Trump Bankers Question His Portrayal of Financial Comeback
Donald Trump, who often says he only likes winners, tells one grand tale of loss: In 1990, he nearly went bankrupt and was forced to ask dozens of banks to whom he owed money to change the terms on...
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