UK Crowdfunding Association (UKCFA) Chair Julia Groves called out Christine Farnish of the Peer-to-Peer Finance Association regarding the latter's insistence that the Financial Conduct Authority's (FCA) definition of online crowdfunding was misleading.
Sectors
Versace may get new investor for Christmas, IPO to happen in future
On Thursday, Versace company president and former chief executive officer Santo Versace said there is a possibility of the Italian house to have a buyer of its 20% ownership stake by Christmas. Versace also revealed potential plans for an IPO in the future.
Alitalia raises EUR173 million in cash call, to receive the rest from postal service, others
Italian airline Alitalia said on Thursday that it was able to raise EUR173 million of EUR300 million it needed in its cash call from investors with help from Intesa Sanpaolo and UniCredit.
SwissRe projects emerging markets driving growth in 2014-2015
SwissRe's recent report titled "Global insurance review 2013 and outlook 2014/15" provided an otherwise positive global economic outlook, which was a good sign in the non-life business as more people will seek financial protection for their properties.
Structured investments by US banks jump to USD69 billion in third quarter - FDIC
New data released by the US Federal Deposit Insurance Corporation reflected the increasing activity in structured products purchases by US banks to offset effects of low interest rates.
Latest News
Shore Capital Partners Managing Partner Justin Ishbia disclosed to Reuters' Private Equity (PE) Hub its plans to launch and institution-focused private equity fund next year.
The Corporate Advisory Group of Swiss lender UBS, said three unnamed sources, will be scaling back its team in charge of providing corporate advisory and investment banking services to the ultra-rich in emerging markets including Asia and the Middle East.
Private equity firms T. Rowe Price Group Inc, Magnetar Capital LLC and over 100 shareholders of Dell Inc invoked their rights for an appraisal of their collective 2.7% interest in the company through the Delaware court system in contest of the USD24.9 billion buyout of Dell.
Canada Pension Plan Investment Board and Shapoorji Pallonji Group today announced the formation of a strategic alliance to acquire FDI-compliant, stabilized office buildings in the major metropolitan areas of India.
According to sources who were familiar with the deliberations, Telecom Italia SpA obtained the services of Morgan Stanley to decide on the telecommunications company's divestment of its 7,000 tower lot in Brazil.
The European Bank for Reconstruction and Development latest EUR20 million capital infusion into the Baltic region through BaltCap Private Equity Fund II, L.P. aimed to help small and medium-sized businesses and small mid-cap firms with much-needed long-term financing.
BitPesa Chief Executive Officer Elizabeth Rossiello claimed that the startup will reduce money remittances transaction costs and its turnaround time, which will challenge major players Western Union and MoneyGram International Inc.
RSA Insurance Group's Irish unit Chief Philip Smith resigned as the internal probe conducted on the insurance firm's accounting practices continued. Smith reasoned that he was made as a fall guy.
An article on The Washington Post gave a list of seven apps that would reportedly help users get good deals and breeze through Black Friday shopping.
