CA Financial Services Group

SIA, JP Morgan | March 06, 2020

Italian payments giant SIA has hired JP Morgan as financial advisor for all 'extraordinary transactions' - including a possible IPO. The firm, which is controlled by state lender CDP Equity, confirmed last month that it was beginning the listing process. It said then that it could issue ordinary shares on the Mercato Telematico Azionario market by the summer, although a merger with another payment’s player was not ruled out. Reporting its 2019 results, SIA says consolidated revenue...

Wells Fargo | March 31, 2020

The U.S. government is likely to increase its debt by $1.4 trillion in the second quarter, as it raises cash to finance stimulus that is meant to blunt the economic impact of the coronavirus pandemic, analysts at Wells Fargo said on Tuesday. President Donald Trump on Friday signed into law a $2.2 trillion aid package, the largest ever, to help offset the downturn caused by sweeping shutdowns aimed at containing the outbreak. This includes sending checks to Americans and rushing billions of dolla...

Goldman | February 28, 2020

Goldman Sachs expects the coronavirus to drive the Federal Reserve to cut U.S. interest rates by 75 basis points by June it said on Friday, implying as many as three cuts starting at its next meeting in March. Traders are pricing in a 72% chance of a quarter-point rate cut at the Fed’s March meeting, according to CME Group’s FedWatch. The central bank’s next policy-setting meeting is March 17-18. It then has one April 28-29 followed by another June 9-10. “Although moderat...

FINTECH

AuditMap.ai, Deloitte Canada | January 21, 2021

AuditMap Technologies Incorporated (AuditMap.ai), an Ottawa-based software company, and Deloitte Canada are satisfied to declare a progressing union consent to convey the most recent in artificial intelligence (AI) abilities to improve internal audit services. As businesses strive to anticipate risks in an increasingly fast-paced environment, and recognize key bits of knowledge and openings for success, technology deployment inside the internal audit space is progressing quickly. ...