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UPDATE 1-BGC Group's FMX Futures gets funding from banking consortium
BGC Group's FMX Futures gets funding from banking consortium. The exchange platform will rival CME Group in the interest rates derivatives market. FMX is expected to launch in September 2024. The consortium includes Bank of America, Citigroup and Goldman Sachs. BGC Group says its exchange platform valued at $667 million.
Reuters · 1d ago
UPDATE 2-BGC Group's FMX Futures takes aim at 'heavyweight champ' CME
BGC Group's FMX Futures platform joins forces with Wall Street's biggest banks to take on CME Group. FMX currently offers trading in cash U.S. Treasuries and spot currencies. Group of financial firms including Bank of America make minority equity investments in FMX. FMx aims to compete with CME in the interest rates derivatives market.
Reuters · 1d ago
UPDATE 3-BGC Group takes aim at 'heavyweight champ' CME exchange
BGC Group's BGC.O FMX business to take on leading exchange operator CME Group. Financial firms including Bank of America and Goldman Sachs make minority equity investments in FMX. FMX aims to compete with CME in the interest rates derivatives market. CME has 99% of the futures market in America.
Reuters · 1d ago
NORWEST ANNOUNCES $3 BILLION GLOBAL FUND TO PARTNER WITH THE NEXT GENERATION OF ENDURING COMPANIES
Reuters · 1d ago
NORWEST: NVP 17 TO SUPPORT MULTI-STAGE INVESTMENTS ACROSS ENTERPRISE, CONSUMER AND HEALTHCARE SECTORS
Reuters · 1d ago
MEDIA-Citi and Wells Fargo are preparing $2 bln Debt Package for Berry, Glatfelter Deal - Bloomberg News
Reuters · 2d ago
WELLS FARGO & CO - ISSUED MEDIUM-TERM NOTES, SERIES W $1 BLN SENIOR REDEEMABLE FLOATING RATE NOTES DUE APRIL 22, 2028
Reuters · 4d ago
MEDIA-Wells Fargo weighs debut risk transfer as banks shore up capital - Bloomberg News
Reuters · 4d ago
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