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Central Bancompany Targets $5.7 Billion Valuation in Rare U.S. Bank IPO
Jefferson City, Missouri – Central Bancompany, a regional U.S. bank, announced on Friday that it is targeting a valuation of up to $5.72 billion in its upcoming initial public offering (IPO). The IPO, a rare move for U.S. banks in the current market, will see the lender offer 17.8 million shares priced between $21 and…
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London Stocks Dip After October Rally as Investors Eye Bank of England and UK Budget
London, UK – London stocks eased on Friday, as the blue-chip FTSE 100 and the mid-cap FTSE 250 indices cooled off following a record-breaking rally in October. Investors remained cautious ahead of the Bank of England’s monetary policy decision next month and the UK government’s budget announcement later in November, which could include potential tax…
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First Guaranty Bancshares Reports Third-Quarter Loss Amid Auto Parts Bankruptcy Exposure
New York, USA – First Guaranty Bancshares (FGBI.O) posted a net loss of $45 million for the third quarter, as the regional lender increased reserves for potential loan losses linked to a bankrupt auto parts manufacturer. The loss represents $3.01 per share, a sharp reversal from a net profit of $1.9 million, or 11 cents…
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Sheikh Gumi Dismisses U.S. Watch-Listing as Political, Points to 2027 Elections
Prominent Islamic scholar, Sheikh Ahmad Gumi, has dismissed the United States’ designation of Nigeria as a “Country of Particular Concern” (CPC) over alleged religious persecution, labeling the move as politically motivated and linked to the 2027 general elections. In a statement on his Facebook page, Gumi reacted to the decision by U.S. President Donald Trump,…
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Bank of America Names Manelski and Zuberi as Co-Heads of Global Markets Unit
New York, USA – Bank of America (BofA) has promoted Denis Manelski and Soofian Zuberi to serve as presidents and co-heads of the bank’s global markets division, according to an internal memo obtained by Reuters. The appointments are part of a broader reshuffle in BofA’s sales and trading operations, aimed at capitalizing on 14 consecutive…
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Bitcoin Ends October With First Monthly Loss Since 2018 Amid Market Turbulence
New York, USA – Bitcoin, the world’s largest cryptocurrency, is on track to post a monthly loss in October for the first time since 2018, breaking a seven-year streak that had made the month historically favorable for crypto traders. The digital asset is set to record a nearly 5% decline for the month, reflecting broader…
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Polestar Faces Nasdaq Delisting Warning Amid Slumping Stock Price
New York, USA – Swedish electric vehicle maker Polestar Automotive Holding UK Plc confirmed on Friday that it had received a notice from Nasdaq regarding potential delisting, after its U.S.-listed shares fell below the exchange’s minimum bid price requirement of $1 per share. Polestar’s shares closed at 84 cents on Friday, reflecting a 20% decline…
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Gospel Saxophonist Wale Sax Set to ‘Raise A Sound’ in Annual November Concert
Renowned saxophonist and gospel music minister, Wale Adekoya, popularly known as Wale Sax, has announced the date for his annual concert, “Raise A Sound.” The event is scheduled to hold on November 2 at the Solution Arena on Ikorodu Road. In an interview, the artist revealed that the concert is more than a performance; it is a divine instruction to…
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Indian Fintech Firm Pine Labs Cuts IPO Size Ahead of November 7 Launch
New Delhi, India – Indian fintech company Pine Labs has trimmed the size of its upcoming initial public offering (IPO), according to an updated prospectus released Friday. The IPO, now scheduled to run from November 7 to November 11, reduces both the portion offered by existing investors and the number of new shares being issued…
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New Information Emerges on UK Finance Minister Rachel Reeves, PM Expresses Confidence
London, UK – New developments regarding UK Finance Minister Rachel Reeves have come to light following a review of emails sent by her husband, a spokesperson for Prime Minister Keir Starmer confirmed on Thursday. The announcement comes after Reeves admitted to making an error on her house rental arrangements, drawing scrutiny from the media and…
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