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India Seizes Control Of Yes Bank, Plans Bailout

PYMNTS

The country’s biggest lender, The State Bank of India , will head a consortium to pump new capital into Yes Bank, which had been struggling to offset a surge in bad loans, Bloomberg reported, citing sources familiar with the matter. . Analysts are concerned the crisis could lead to strains in India’s broader financial system. . “It

ATM 169
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Big Data Firm Palantir Prepares For Potential IPO

PYMNTS

Securities and Exchange Commission (SEC) informing the agency of its plans. Founded in 2004 by CEO Alex Karp and venture capital tycoon Peter Thiel, Palantir specializes in Big Data, working with major corporations and government agencies to crunch large volumes of information.

Big Data 131
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BoA Pledges $100 Million To Tory Burch Foundation For Women’s Business Loans

PYMNTS

Bank of America has pledged $100 million to the Tory Burch Foundation to make capital available to women in the business sector who might not otherwise have access to it, according to reports. I launched our business in 2004. I was incredibly fortunate — we were able to launch after a personal investment and one round of fundraising.

America 158
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Prepare for stronger C&I lending demand: A $1.7 trillion “wave”

Abrigo

Takeaway 3 To fully capitalize on the forthcoming C&I wave, institutions need the right products, systems, people, and technology. 2004-2008: 82.6% The emphasis for commercial credit risk management and evaluation is cash flow, fixed charges coverage, and working capital cycles. C&I lending will be the next “bomb.”

Lending 195
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The gravity of cross-border syndication ties in financial services trade

BankUnderground

Geographical patterns of international equity transactions are heavily influenced by information frictions, which represent barriers that investors face in accessing and interpreting price-relevant information, particularly soft information, about foreign issuers ( Sarkissian and Schill (2004) , Portes and Rey (2005) ).

Security 105
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Interactions Raises $56 Million In New Funding

PYMNTS

9) that it had secured $56 million in funding led by Revolution Growth, NewSpring Capital and Comcast Ventures. According to TechCrunch, Interactions has thus far secured $167 million in total funding. Interactions said on Tuesday (Aug.

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Ex-Barclays Head Is Acquitted In Fraud Trial

PYMNTS

Varley was accused by the Serious Fraud Office (SFO), along with three colleagues, of false representation over covertly paid fees to get backing for a capital raise to help the bank stay out of government control. He worked his way up the ladder and landed at chief executive in 2004. The SFO appealed and lost. He left in 2011.

Fraud 108