Goldman Sachs Data Compromised in EY Hack Earlier This Year
Goldman Sachs’ data was exposed earlier this year after a hack of accounting firm EY, according to a source.
Banking
Ripple Prime Expands Prime Brokerage Services Agreement with Brevan Howard
Ripple Prime will now offer prime brokerage, clearing and financing services to funds managed by the $35 billion alternative‑investment manager Brevan Howard, extending their existing partnership.
Dimon Flags AI Financing Challenges and Bond Market Concerns at London Tech Conference
JPMorgan Chase CEO Jamie Dimon highlighted the challenges of funding the rapid growth of artificial‑intelligence projects, warned about a worldwide bond market sell‑off and evaluated the health of British banks during a speech at the Tech Stars Conference in London.
French Central Bank Warns of Interest Rate Risks While Seeking to Calm Bond Markets
Emmanuel Moulin, head of research at the Banque de France, cautioned that high interest rates could choke the French economy, yet he emphasized that France remains able to reassure bond investors despite recent volatile market conditions.
Spanish Political Shift Could Reignite Takeover Interest in Banco Sabadell, Citi Analysts Suggest
Citi analysts reopened the map of banking consolidation after the call for elections, suggesting that a new Spanish government could bring back interest in a takeover bid for Banco Sabadell.
Lone Star Expects Multiple Bids for IKB as First Offers Loom This Week
Lone Star, a private‑equity investor, anticipates multiple bids for IKB Deutsche Industriebank AG. The first firm offers are expected within the week, but market sources doubt that Helaba will join the bidding process.
Lone Star Expects Multiple Bids for IKB as First Binding Offers Loom
Lone Star, a financial investor, anticipates multiple bids for IKB, a German mid‑market bank. Initial binding offers are expected within the week, but insiders doubt that Helaba will participate.
German Cooperative Banks Bring Bitcoin Trading to Mainstream Retail Customers
What was once limited to fintechs is now becoming mainstream: traditional banks in Germany are providing Bitcoin services, fundamentally changing the crypto market.
BaFin Appoints Special Commissioner to Raiffeisenbank Plankstetten Amid Shareholder Tensions
BaFin sent a new special commissioner to the Raiffeisenbank Plankstetten, a cooperative bank in Upper Bavaria, after shareholder actions caused turbulence in the cooperative banking sector.
FINMA Closes Case Against Julius Baer Following Supervisory Violations
FINMA closed its case against Julius Baer after the bank was found to have significantly violated supervisory rules. Despite the regulatory issue, Julius Baer offered a share repurchase program, and its stock price rose.