Canal Plus Must Make Offer to MultiChoice Shareholders, Says S.Africa Regulator
Deals of the Day-Mergers and Acquisitions
MultiChoice Says Vivendi Offer Price Undervalues the Business
MultiChoice Group rejected a proposed takeover offer from Vivendi SE’s Canal+, the South African company’s biggest shareholder, saying the price undervalued the business.
MultiChoice Group Reports 1H Results
MultiChoice Group Limited GAAP EPS of -R$0.59, Revenue of R$28.65M
Credit Suisse releases independent investigation report on the Archegos hold-up incident
In its second-quarter earnings report, Credit Suisse also published an investigation report on the Archegos hold-up incident. The investigation found that the company failed to manage the risks associated with Archegos, and related losses amounted to US$653 million. In the operation of the main business of investment banks, neither line of defense has been able to prevent the spread of risk. According to the investigation, the company did not participate in illegal acts or bad investment practices. The investigation did not find any deficiencies in the bank's risk control system. This incident was mainly due to the failure of the risk control system to operate effectively. The company chairman said that Credit Suisse will learn lessons from this incident and has now drastically reduced the leveraged positions of risk assets and investment banks in their main business
Massive Internet outages occur again. Many financial institutions and airlines' websites are affected.
The websites of many financial institutions, governments and airlines were briefly suspended on Thursday, including those of the Reserve Bank of Australia. A similar global Internet failure has occurred for the second time in less than two weeks. Some of the network outages that affected institutions such as Commonwealth Bank of Australia, Westpac and ANZ were linked to glitches at Akamai Technologies Ltd., a company that helps customers manage website services, according to people familiar with the matter. The RBA was forced to cancel a planned bond purchase on Thursday, blaming "technical problems." Because what you're talking about
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