×

Corporate Finance Business Capital

  • "Whether or not you are regulated by the SEC, you still have fiduciary duties to your investors," said Valerie Szczepanik, the head of the SEC's distributed ledger group. The SEC official, who is also an assistant director of the commission's division of enforcement, spoke at a panel discussion at the Consensus blockchain conference in New York.

  • NEW YORK, May 17- Fintech Investment Group, a U.S.-based commodity trading adviser, plans to launch an initial coin offering in June for its own token that allows investors to trade currencies on a digital platform, company founder Alan Friedland said. Friedland said 3 million coins, of the total current supply of 10 million, will be sold next month, potentially...

  • *Chinese investment in Israel jumps more than tenfold in 2016. HONG KONG/ TEL AVIV, May 11- Struggling to seal deals in the United States as regulatory scrutiny tightens, Chinese companies looking to invest in promising technology are finding a warmer welcome for their cash in Israel. Last year, Chinese investment into Israel jumped more than tenfold to a record...

  • NEW YORK, April 25- After an initial digital currency sale that raised $12.5 million in just 12 minutes, blockchain startup Gnosis has decided to leave most of its remaining currency untouched for at least a year, co-founder Martin Koppelmann told Reuters on Tuesday. Gnosis, a Gibraltar- registered company, sold 5 percent of its 10 million so-called GNO tokens to...

  • NEW YORK, April 20- U.S.-based venture capital firm Blockchain Capital LLC said on Thursday it raised $10 million in six hours in a sale of its digital tokens to investors. Blockhain Capital's tokens called "BCAP" will be made available to buyers on the TokenHub.com website on or before May 10, the company said in a statement. "We wanted to democratize access and...

  • NEW YORK, March 28- Industrious, the second-biggest U.S. coworking firm by number of locations, said on Tuesday it acquired a search website for spare office space and raised $25 million in fresh funds as investors bet the shared-office industry grows and goes mainstream. The announcement comes a week after industry leader WeWork Cos Inc raised $300 million...

  • In separate meetings, the Senate Banking Committee led by Idaho Republican Chairman Mike Crapo and the House Financial Services Committee led by Texas Republican Jeb Hensarling approved a series of identical bills, paving the way votes by the full Senate and House of Representatives. Other changes in the bills would raise the number of people who can invest...

  • WASHINGTON, March 9- A U.S. Senate panel on Thursday approved with bipartisan support a raft of bills aimed at spurring capital formation, marking its first step this year toward modernizing market rules that critics have said are outdated and get in the way of business expansion and investment. The Senate Banking Committee, led by Idaho Republican Chairman...

  • The Senate Banking Committee, led by Chairman Mike Crapo, is slated to send to the Senate floor five bills, with some Democrats expected to join with their Republican colleagues to vote for and co-sponsor several of the measures. The bills would make a variety of changes to the Securities and Exchange Commission's regulations, such as raise the dollar amount of...

  • WELLINGTON, March 7- The International Monetary Fund said on Tuesday that rising levels of household debt are a risk to New Zealand's financial stability, while the country's central bank said it was considering increasing bank capital requirements. "With high household debt, you worry about the amplification of large external shocks," Thomas Helbling, the IMF...

  • *Rights issue to begin March 21. FRANKFURT, March 5- Deutsche Bank plans to raise capital, list its asset management business and overhaul its business structure as it tries to reinvent itself after spending two years dealing with its past misdeeds and huge losses. Deutsche plans to launch an 8 billion euro rights issue of 687.5 million new shares on March 21,...

  • *Rights issue to begin March 21. FRANKFURT, March 5- Deutsche Bank plans to raise capital, list its asset management business and overhaul its business structure as it tries to reinvent itself after spending two years dealing with its past misdeeds and huge losses. Deutsche plans to launch an 8 billion euro rights issue of 687.5 million new shares on March 21,...

  • FRANKFURT, March 5- Deutsche Bank is planning to raise capital, list its asset management business and realign its divisions as it seeks to reinvent itself after spending about two years dealing with past misdeeds and massive losses. Deutsche plans to launch an 8 billion euro rights issue of 687.5 million new shares on March 20, it said on Sunday.

  • MILAN, Jan 30- UniCredit said it expects to book a net loss of around 11.8 billion euros for 2016 and fall short of European Central Bank capital requirements, highlighting the importance of a planned 13 billion euro rights issue. Italy's biggest bank, which could launch its share sale as early as Feb. 6, said on Monday that its Common Equity Tier 1 ratio- a key measure...

  • *Egypt launches first gold-mining tender since 2009. *Three foreign players active in Egypt say they won't bid. But mining companies active in Egypt and Africa say the new exploration round, which offers five concession areas and closes on April 20, is unlikely to lure investors because of commercial terms they say are among the least attractive in the world.

  • So-called unicorns, private firms with valuations over $1 billion, have seen surging investment from mutual funds in recent years. "Specifically, we find that mutual-fund-participating investment rounds are associated with both fewer cash-flow rights and fewer control/voting rights across many dimensions," Sergey Chernenko of Ohio State University,...

  • NEW YORK, Dec 19- A small, but rapidly growing number of digital technology start-ups is raising cash by creating and selling their own currencies in offerings that bypass banks or venture capital firms as intermediaries and are outside the reach of financial regulators. Investors are being drawn in on hopes that such "initial coin offerings" will match or...

  • MILAN/ LONDON, Dec 13 (Reuters)- European shares rose on Tuesday, helped by a rally in Italy's biggest bank UniCredit on plans to bolster its balance sheet, while takeover speculation allowed Mediaset to make its best one-day gain ever. Mediaset surged 31.9 percent, the biggest gainer in Europe, after French media group Vivendi said it owned a 3 percent stake in the...

  • LONDON, Dec 13- Italian banks surged in choppy trading on Tuesday, supported by Unicredit's latest efforts to bolster its balance sheet and a surge in Mediaset on takeover speculation. Italy's banking index rose more than 3 percent, helped by a 7 percent rise in UniCredit after it unveiled plans to raise 13 billion euros in the country's biggest share issue.

  • *Cuts 2016 profit forecast for second time in three months. *Outlook next year still tough. EDINBURGH, Dec 8- British outsourcer Capita said it would sell assets and trim costs in a bid to protect its balance sheet after Brexit-related client indecision prompted it to cut its profit forecast for the second time in three months.