General Catalyst, a venture capital firm that led a petition to back Silicon Valley Bank last weekend, aims to raise at least $5 billion for its next flagship fund, according to a person with knowledge of the matter.
US officials are trying to block key parts of the sale of bankrupt Voyager Digital Ltd. to Binance.US, the American arm of the world’s biggest crypto exchange, while the government appeals a judge’s approval of the deal.
A public-private partnership backed by BlackRock Alternatives plans to buy a 31.25% stake in Lake Turkana Wind Power, Africa’s largest wind farm located in northern Kenya.
ING Group NV, the world’s biggest lender to commodities trading, will starting cutting the volumes of oil and gas deals that it finances as it looks for ways to dramatically reduce its carbon footprint.
The collapse of Silicon Valley Bank has ignited a debate within the UK government over whether to include the words “Silicon Valley” in its budget statement on Wednesday.
Exxon Mobil Corp. could invest $15 billion through 2030 if it makes commercial oil discoveries in the Namibe Basin, Paulino Jeronimo, chairman for the Angola National Agency for Petroleum, Gas and Biofuels, said in Luanda.
The world’s largest private equity firms are interested in snapping up a book of loans held by Silicon Valley Bank, as investors begin to circle the assets of the California lender that collapsed last week.
Moody’s Investors Service cut its outlook for the US banking system to negative from stable, citing the run on deposits at Silvergate Capital Corp., SVB Financial Group’s Silicon Valley Bank and Signature Bank that led to the three lenders’ collapse in less than a week.
Shareholders of Ritchie Bros. Auctioneers Inc. approved the company’s plan to acquire IAA Inc., ending a battle by some investment funds to block the $6 billion deal.
Democratic Unionist Party leader Jeffrey Donaldson called for changes to parts of the deal between the UK and the European Union on Northern Ireland’s post-Brexit arrangements, raising fresh doubts about the prospects for a resumption of power-sharing in the region.
