Advent Raises $30 Billion Across Latest Private Equity Funds
Global private equity firm Advent International has raised $30 billion across its latest fund complex, securing capital for its flagship buyout fund and a new mid-market investment strategy. Announced on Tuesday, the fundraising highlights...
Bank of England Urges Banks to Strengthen Cyber Recovery Against AI Threats
The Bank of England is working with banks to strengthen cyber-recovery plans as artificial intelligence (AI)-powered cyberattacks pose growing risks to the global financial system, Deputy Governor Sarah Breeden said on Thursday. She warned...
SoftBank Launches $11 Billion Bond Sale to Fund OpenAI Investment
SoftBank Group has launched a $10 billion US dollar-denominated and €1 billion euro-denominated senior unsecured bond offering to finance its investment in OpenAI, according to a term sheet released on Monday. The dollar notes...
EU Pushes to Ease Cross-Border Bank Mergers to Boost Global Competitiveness
The European Commission plans to reduce political interference in banking mergers and remove barriers to cross-border consolidation within the European Union, aiming to help European banks compete more effectively with larger U.S. financial institutions....
U.S. Drops Criminal Case Against Turkey’s Halkbank
The U.S. Department of Justice has formally requested a federal judge to dismiss its long-running criminal case against Turkey’s state-owned lender, Halkbank, signaling the end of a major legal dispute that had strained relations...