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Tag: banks

Greensill crisis leaves bank's founder facing sudden fall to earth

2021-03-03 19:52:16| Guardian Unlimited Business - more business news

Founder who employed David Cameron as an adviser was previously lauded for small business financingLex Greensill likes to tell his story. He boasts regularly about how he rose from a watermelon, sugar cane and sweet potato farmer in northern Queensland to become a billionaire banker traversing the world by private jet, and employing some of the worlds most powerful former politicians including the ex-UK prime minister David Cameron and the former Australian foreign minister Julie Bishop.He refuses, however, to talk about his current predicament, as Greensill Capital, the controversial bank he founded in 2011 with his brother Peter, a farmer, teeters on the brink of collapse. Continue reading...

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Silicon Valley Bank's Stake in Coinbase Could Be Worth $152 Million

2021-02-26 19:38:00| Fool.com Headlines

The bank has an outstanding warrant that gives it the ability to buy more than 400,000 shares of Class B common stock.

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Is M&T Bank's Acquisition of People's United a Good Move?

2021-02-24 13:47:00| Fool.com Headlines

The deal boosts M&T Bank to roughly $200 billion in assets and creates one of the premier regional banks in the Northeast.

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Finance Ministry allows private sector banks for government related transactions

2021-02-24 12:27:12| The Economic Times

Finance minister Nirmala Sitharaman in a tweet said that private banks can now be equal partners in development of the Indian economy, furthering government social sector initiatives, and enhancing customer convenience.

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Famous 'Big Short' Investor Michael Burry is Bullish on These 2 Banks

2021-02-23 14:43:00| Fool.com Headlines

Burry got famous by predicting the housing market crash that set off the Great Recession, so now, his investing moves are watched closely.

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