Big American lenders are holding internal discussions about expanding into cryptocurrencies as they get stronger administrative endorsements, but initial steps will be centered on pilot programs, partnerships, or limited trading.
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US banks tiptoe toward crypto, awaiting approval from regulators
Big American lenders are holding internal discussions about expanding into cryptocurrencies as they get stronger administrative endorsements, but initial steps will be centered on pilot programs, partnerships, or limited trading. Read here
Blackstone acquires $5B PE portfolio from NYCERS
The New York firm’s Strategic Partners has secured a private equity stake from the New York City Retirement Systems, marking one of the largest secondary transactions ever executed by an American public pension. Read here
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Motorola to acquire radio maker Silvus for $4.4B
The Illinois-headquartered provider of communication and security solutions has agreed to buy the California-based closely held wireless-radio maker from TJC in its second-biggest acquisition. Read here
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NEWS WORTH NOTING
Amazon’s in-car software deal with Stellantis fizzles
The Washington-based e-commerce giant’s plan to create in-car software that it hoped would transform the driving experience while bolstering its vehicle-tech credentials is "winding down", according to a report. Read here
Humain planning $10B VC fund to invest in startups
The state-owned AI company from Saudi Arabia is on track to launch a venture fund, dubbed Humain Ventures, that will invest in startups in the US, Europe and Asia. Read here
British American Tobacco sells $1.5B stake in ITC
The British nicotine products specialist has sold 313 million shares representing 2.5% of the Indian consumer goods company, exceeded its initial plan. Read here
RGE, TotalEnergies to build Indonesia solar battery plant
The Singaporean and French energy companies said that their joint venture, Singa Renewables, would develop a utility-scale solar and battery project in Indonesia's Riau Province. Read here
German consortium in talks to build huge AI data centre
Deutsche Telekom has teamed up with SAP, Ionos and Schwarz to seek European Union support to build a data processing centre for artificial intelligence in Germany. Read here
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