Canned Food Firm Princes Seeks Up to £400 Million in London IPO Bloomberg.com Economics
Shawbrook sees strong demand for London IPO seeking up to $2.7 billion market cap Reuters Economics
Lender Shawbrook Seeks Up to £2 Billion Valuation in London IPO Bloomberg.com Economics
Britain's Shawbrook targets up to $2.7 billion market cap in London IPO Reuters Economics
Rolling coverage of the latest economic and financial newsFears are swirling today that we could be facing a repeat of the US regional banking crisis of 2023.That episode led to the demise of US bank SVB and then Europe’s Credit Suisse.An initially positive risk mood turned during the US session yesterday after news that Zions Bancorp (-13.14%) made a $50m charge-off while Western Alliance (-10.81%) alleged it also suffered from fraud on loans to the same borrowers linked to distressed commercial mortgages.While this was an ostensibly isolated story at two banks each less than $10bn market cap, the event drew inevitable comparisons to the regional bank stress that followed the collapse of SVB in March 2023 and raised broader questions over potential credit quality issues after a lengthy period of elevated rates and expansion in private credit, following also the bankruptcy of subprime auto lender Tricolor last month. Continue reading... Economics
Beauty Tech Group seeks up to $432 million market value for parent's London IPO TradingView Economics