HSBC (United Kingdom)

Lowey Dannenberg, P.C. Announces an Additional Settlement for Those Who Have Transacted in Euroyen-Based Derivatives Between January 1, 2006 through June 30, 2011

Retrieved on: 
Thursday, March 21, 2024
Barclays, J. P. Morgan, Agreement, Hearing, JPMorgan Chase, E pluribus unum, HSBC (United Kingdom), HSBC Bank, HSBC, American Bankers Association, Bank, TP ICAP, Chase Bank, Singapore Exchange, UBS AG, Sumitomo Mitsui Banking Corporation, Class, Lawyer, Interbank, Citibank, National Association, Person, Citigroup, Fairness, Tokyo Financial Exchange, Negotiation, GBD, Mitsubishi Group, District court, UBS, Defendant, Vexatious litigation, Knowledge, Settlement, Resona Holdings, TP, Norinchukin Bank, Shinkin Central Bank, TFX, Prior, Government, Société Générale, Plaintiff, Notice, CME, Conspiracy theory, Chicago Mercantile Exchange, ICAP, Court

The Settlement will provide an additional $35,000,000 to pay claims from persons who transacted in Euroyen-Based Derivatives from January 1, 2006 through June 30, 2011, inclusive.

Key Points: 
  • The Settlement will provide an additional $35,000,000 to pay claims from persons who transacted in Euroyen-Based Derivatives from January 1, 2006 through June 30, 2011, inclusive.
  • Before any money is paid, the Court will hold a Fairness Hearing to decide whether to approve the Settlement.
  • Contact your brokerage firm to see if you purchased, sold, held, traded, or otherwise had any interest in Euroyen-Based Derivatives.
  • These payments will also be deducted from the Settlement Fund before any distributions are made to the Settlement Class.

Omnicom Prices €600 Million Senior Notes Offering

Retrieved on: 
Wednesday, February 28, 2024
Barclays, Issuer, J.P. Morgan & Co., Prospectus, Financial services, Person, OMC, Note, Investment, KID, Sale, New York Stock Exchange, Debt-to-GDP ratio, HSBC (United Kingdom), Application, Security (finance), Finance, HSBC Bank, BNP Paribas

NEW YORK, Feb. 28, 2024 /PRNewswire/ -- Omnicom (NYSE: OMC) and Omnicom Finance Holdings plc (the "Issuer"), a wholly owned indirect subsidiary of Omnicom, today announced the pricing of the Issuer's public offering of €600 million aggregate principal amount of 3.700% Senior Notes due 2032 (the "Notes").

Key Points: 
  • NEW YORK, Feb. 28, 2024 /PRNewswire/ -- Omnicom (NYSE: OMC) and Omnicom Finance Holdings plc (the "Issuer"), a wholly owned indirect subsidiary of Omnicom, today announced the pricing of the Issuer's public offering of €600 million aggregate principal amount of 3.700% Senior Notes due 2032 (the "Notes").
  • The Notes will be fully and unconditionally guaranteed by Omnicom.
  • The Notes and the related guarantee will be the unsecured and unsubordinated obligations of the Issuer and Omnicom, respectively, and will rank equal in right of payment to all of their respective existing and future unsecured senior indebtedness.
  • No EEA or UK PRIIPs key information document (KID) has been prepared as the Notes are not available to retail in EEA or UK.

Hong Kong Dinner in London returns after 4-year hiatus

Retrieved on: 
Thursday, September 21, 2023
Far East Consortium, GSK, Partnership, DBE, Public affairs, Lord, Bank of China, Mott, Communication, Macdonald, Airport Authority Hong Kong, Standard Chartered, HSBC (United Kingdom), Chinese General Chamber of Commerce, Chinese, Tan Sri Dato' Haji Hassan Yunos Stadium, Finance, Consultant, Former, Swire, Jardine Matheson, I&T, Airport, Republic, Kau Yi Chau, HKTDC, Hong Kong Association for Democracy and People's Livelihood, Hong Kong Trade Development Council, Growth, Bank, Qi, Commerce, Tutoring, Film industry

LONDON, Sept 21, 2023 - (ACN Newswire) - London, Sept 21, 2023 - (ACN Newswire) - After a four-year absence due to the pandemic, the Hong Kong Trade Development Council (HKTDC) once again organised the annual Hong Kong Dinner in London to celebrate Hong Kong-UK ties and promote business opportunities and growth globally.

Key Points: 
  • LONDON, Sept 21, 2023 - (ACN Newswire) - London, Sept 21, 2023 - (ACN Newswire) - After a four-year absence due to the pandemic, the Hong Kong Trade Development Council (HKTDC) once again organised the annual Hong Kong Dinner in London to celebrate Hong Kong-UK ties and promote business opportunities and growth globally.
  • HKTDC Chairman Dr Peter K N Lam [L]; Mr. Paul Chan, Financial Secretary of the Hong Kong SAR, [centre]; and Margaret Fong, Executive Director of the HKTDC, [R] attended the Hong Kong Dinner in London organised by the HKTDC.
  • Speaking at the Hong Kong Dinner in London, HKTDC Chairman Dr Peter K N Lam said that the HKTDC looks forward to strengthening ties between the UK and Hong Kong business communities in the years ahead.
  • The Hong Kong Dinner in London has been a long-standing tradition, taking place annually since 1983.

THE PRAX GROUP ANNOUNCES SUCCESSFUL CLOSING OF A US$300 MILLION PRIVATE CREDIT FACILITY

Retrieved on: 
Tuesday, September 12, 2023
HSBC, HSBC Bank, Facility, Biofuel, Private credit, HSBC (United Kingdom), Bank, Prax

London, Sept. 12, 2023 (GLOBE NEWSWIRE) -- The Prax Group ("Prax") – a British multinational, independent global energy conglomerate dealing in crude oil, petroleum products and biofuels, with a complete integration across the oil value chain, from upstream to midstream and downstream – has announced the successful closing of a new privately placed c.US$300 million (equivalent) Term Loan Facility (the "Facility").

Key Points: 
  • London, Sept. 12, 2023 (GLOBE NEWSWIRE) -- The Prax Group ("Prax") – a British multinational, independent global energy conglomerate dealing in crude oil, petroleum products and biofuels, with a complete integration across the oil value chain, from upstream to midstream and downstream – has announced the successful closing of a new privately placed c.US$300 million (equivalent) Term Loan Facility (the "Facility").
  • The Facility achieved a substantial oversubscription and was upsized from an original US$250 million, with four institutions participating in the transaction, including three new lenders.
  • The Private Credit team at HSBC Bank plc ("HSBC") acted as Sole Mandated Lead Arranger of the transaction.
  • Ben Lahnstein, Group Chief Financial Officer, Prax, said: "The success of the transaction highlights the confidence our lending groups have in Prax and the depth of our banking and investor relationships.

Lightico Acquires Customer Experience Platform Vizolution as Demand Booms for Digital Customer Completion

Retrieved on: 
Monday, June 12, 2023
John Oxx, HSBC, HSBC Bank, Digital, TD, Toronto-Dominion Bank, Signature, Capital One, Organization, TEL, BNP Paribas, Acquisition, Collection, Development finance institution, GM Financial, HSBC (United Kingdom), DBW, Entrepreneurship, ROI, NatWest, Cryptocurrency, Dynamics (music)

TEL AVIV, Israel and LONDON, June 12, 2023 /PRNewswire/ -- Lightico, market-leading provider of digital customer interactions, today announced its acquisition of Europe's leading customer experience technology provider, Vizolution, which positions the joint company as the global leader in B2B2C Digital Completion for the financial services and telecom industries. With a robust, combined platform, the company enables businesses to fully engage remotely with their customers through any channel in an automated and mobile-first manner.

Key Points: 
  • Customers have seen over 80% faster turnaround times, 45% improvement in completion rates and an ROI of 360%.
  • "As customer expectations for service companies to offer seamless, digital experiences continues to soar, bringing Vizolution into the Lightico fold will result in a more robust platform devoted to helping businesses deliver world-class digital experiences," said Zviki Ben Ishay CEO and Co-Founder of Lightico.
  • The deal will combine Vizolution's transformational agent-assisted and self-serve solutions with Lightico's powerful Compliant Digital Completion Platform, including its workflow-integrated eSignature, document collection, and identification & verification services.
  • "Vizolution has been providing customer experience services to market-leading enterprises to help them transform and improve digital experiences for millions of their customers," said Bill Safran, CEO of Vizolution.

Lightico Acquires Customer Experience Platform Vizolution as Demand Booms for Digital Customer Completion

Retrieved on: 
Monday, June 12, 2023
John Oxx, HSBC, HSBC Bank, Digital, TD, Toronto-Dominion Bank, Signature, Capital One, Organization, TEL, BNP Paribas, Acquisition, Collection, Development finance institution, GM Financial, HSBC (United Kingdom), DBW, Entrepreneurship, ROI, NatWest, Cryptocurrency, Dynamics (music)

TEL AVIV, Israel and LONDON, June 12, 2023 /PRNewswire/ -- Lightico, market-leading provider of digital customer interactions, today announced its acquisition of Europe's leading customer experience technology provider, Vizolution, which positions the joint company as the global leader in B2B2C Digital Completion for the financial services and telecom industries. With a robust, combined platform, the company enables businesses to fully engage remotely with their customers through any channel in an automated and mobile-first manner.

Key Points: 
  • Customers have seen over 80% faster turnaround times, 45% improvement in completion rates and an ROI of 360%.
  • "As customer expectations for service companies to offer seamless, digital experiences continues to soar, bringing Vizolution into the Lightico fold will result in a more robust platform devoted to helping businesses deliver world-class digital experiences," said Zviki Ben Ishay CEO and Co-Founder of Lightico.
  • The deal will combine Vizolution's transformational agent-assisted and self-serve solutions with Lightico's powerful Compliant Digital Completion Platform, including its workflow-integrated eSignature, document collection, and identification & verification services.
  • "Vizolution has been providing customer experience services to market-leading enterprises to help them transform and improve digital experiences for millions of their customers," said Bill Safran, CEO of Vizolution.

Stellex Capital Management LLC Acquires MSS Group

Retrieved on: 
Monday, June 5, 2023
Technology, Manufacturing, Professional Services, Other Energy, Oil, Gas, Alternative Energy, Energy, Engineering, Hardware, Machine Tools, Metalworking & Metallurgy, Finance, King & Spalding, BCL, KPMG, PE, IEEE Herman Halperin Electric Transmission and Distribution Award, Culture, Cerberus Capital Management, MSS, DC, HSBC (United Kingdom), PwC, Chris Hall, MPL, Acquisition, Alstom, Growth, L.E.K. Consulting

Stellex Capital Management (“Stellex”), a middle-market private equity firm with extensive experience in industrial businesses and family successions, today announced a new platform investment in Bryden Capital Limited (“BCL”) and MPL Group Limited (“MPL”), together the MSS Group (“MSS” or the “Company”), a leading supplier and manufacturer of critical electronic components, focused on the global power industry.

Key Points: 
  • Stellex Capital Management (“Stellex”), a middle-market private equity firm with extensive experience in industrial businesses and family successions, today announced a new platform investment in Bryden Capital Limited (“BCL”) and MPL Group Limited (“MPL”), together the MSS Group (“MSS” or the “Company”), a leading supplier and manufacturer of critical electronic components, focused on the global power industry.
  • To further support Management, Stellex has introduced Hamdi Conger to the role of Chairman.
  • “We plan to create value for both MSS’ customers and employees and to become an even more valuable manufacturing partner.”
    Chris Hall and Liam Hall said, “We are excited for the road ahead with Stellex as we grow the MSS Group platform both organically and inorganically.
  • Consulting on commercial vendor diligence, and Jamieson Corporate Finance LLP supporting management through the transition from owner-manager to a PE-owned company.

Tel Aviv Stock Exchange Selects CardinalOps to Reduce Risk of Breaches Due to Undetected Attacks

Retrieved on: 
Thursday, June 1, 2023
HSBC Bank, Software as a service, Bank Hapoalim, Tel Aviv Stock Exchange, Noise, Gartner, IBI, CISO, MITRE ATT&CK, Research, SOC, Barclays, ES, Organization, Security operations center, Jefferies Group, Bank Leumi, Risk, TASE, Entrepreneurship, Merrill (company), Citibank, HSBC (United Kingdom), Bank, ESG, CK, MITRE, ATT&CK, Conference, Automation, National Harbor, Maryland, Risk management, MD, Excellence, Meitav, Splunk

TEL-AVIV, Israel and BOSTON, June 1, 2023 /PRNewswire/ -- CardinalOps, the detection posture management company, today announced that the Tel Aviv Stock Exchange (TASE) has deployed the CardinalOps platform to continuously audit and remediate detection coverage gaps in its Splunk Enterprise Security (ES) instance, thereby reducing the risk of undetected attacks in its Security Operations Center (SOC).

Key Points: 
  • ; and Israeli and foreign investment firms such as Jefferies LLC, Merrill Lynch International, and UBS Securities Israel Ltd, Excellence, Meitav, IBI and more.
  • "CardinalOps delivers the strategic expertise and automation we need to ensure our SOC is operating at maximum effectiveness and efficiency," said Gil Shua, CISO, Tel Aviv Stock Exchange.
  • CardinalOps will be demonstrating its detection posture management platform at the Gartner Security & Risk Management Summit (June 5-7, National Harbor, MD, Booth #261).
  • The CardinalOps SaaS platform helps address these challenges by continuously analyzing the firm's Splunk-ES instance and delivering high-fidelity detections to maximize its effectiveness.

Lowey Dannenberg, P.C. and Lovell Stewart Halebian Jacobson LLP Announce a Settlement for Those Who Have Transacted in Euribor Products Between June 1, 2005 and March 31, 2011

Retrieved on: 
Thursday, May 18, 2023
Class, Vexatious litigation, PKC, Lawyer, Racketeer Influenced and Corrupt Organizations Act, District court, Notice, Court, Tobacco Master Settlement Agreement, Chase Bank, Barclays, London International Financial Futures and Options Exchange, NYSE, Clayton Antitrust Act of 1914, Defendant, P.C, Barclays Capital Inc. v. Theflyonthewall.com, Inc., Deutsche Bank, Episcopal conference, Citibank, Claim, Sherman Antitrust Act, HSBC, HSBC Bank, NOT, JPMorgan Chase, Citigroup, Commodity Exchange Act, Panayiotou v. Sony Music Entertainment (UK) Ltd., HSBC (United Kingdom), Chicago Mercantile Exchange, CME, New York Stock Exchange, Thomson Reuters, Plaintiff, Negotiation, Person, Summons, Insurance, Security (finance), Generic drug, Pharmaceutical industry, Euribor, Settlement

The Settlement provides a total of $105 million to pay claims from persons who transacted in Euribor Products during the Class Period.

Key Points: 
  • The Settlement provides a total of $105 million to pay claims from persons who transacted in Euribor Products during the Class Period.
  • You can also choose to exclude yourself from the Settlement, or object to the Settlement.
  • Before any money is paid, the Court will hold a Settlement Hearing to decide whether to approve the Settlement.
  • These payments will also be deducted from the Settlement Fund before any distributions are made to the Settlement Class.

Global Open Banking Market Opportunities and Strategies Report 2023: Sector is Expected to Reach $136 Billion in 2031 at a CAGR of 23%

Retrieved on: 
Friday, April 28, 2023
Benchmark, Urbanization, Big data, Coronavirus, HSBC (United Kingdom), Crédit Agricole, Capital One, Acquisition, Banking as a service, Investment, Lloyds Banking Group, Citigroup, As a service, BBVA, Growth, DBS Bank, Banco Santander, VRPS, Create, Barclays, Retail, Marketing, Risk management, Cryptocurrency, Bank

The transactional services market was the largest segment of the open banking market segmented by service type, accounting for 68.80% of the total in 2021.

Key Points: 
  • The transactional services market was the largest segment of the open banking market segmented by service type, accounting for 68.80% of the total in 2021.
  • Going forward, the app market segment is expected to be the fastest growing segment in the open banking market segmented by distribution channel, at a CAGR of 30.7% during 2021-2026.
  • The global open banking market is consolidated with small number of large players dominating the market.
  • The top opportunities in the open banking market segmented by distribution channel will arise in the app market market segment, which will gain $16,432.9 million of global annual sales by 2026.