The leading stablecoin issuer Paxos has received regulatory approval to expand its products to the Solana blockchain, which it plans to launch on Jan. 17, 2024. This expansion is a significant step for Paxos, as it competes with other stablecoin issuers like Circle and Tether for market share.Paxos prides itself on being the most regulated […]
Paxos, a blockchain and tokenization infrastructure platform, is expanding its stablecoin issuance to the Solana blockchain, marking its first expansion beyond Ethereum. Solana was chosen for its fast transaction rates and lower fees, making it an attractive network for US dollar stablecoins and payments.Paxos will be bringing its USDP coin, which is pegged to the […]
Stablecoin issuer Paxos has received approval from the New York Department of Financial Services (DFS) to expand its operations to the Solana blockchain. This move comes after a thorough review process by the DFS, focusing on Solana’s risk framework. Previously, Paxos was only able to issue its Pax Dollar stablecoin on the Ethereum network.The Pax […]
Robey Warshaw, a boutique investment banking firm known for its expertise in advising FTSE 100 companies on major deals, has increased the pay for its top dealmakers. According to recently filed accounts on Companies House, the firm paid its four key partners a total of £28 million in the year ending March 2023, up from […]
Robey Warshaw, the investment banking boutique known for its expertise in advising FTSE 100 firms on major deals, has increased the pay for its top dealmakers. According to recently filed accounts on Companies House, the boutique paid its four key partners a total of £28m in the year ending March 2023, up from £26.5m in […]
UBS, the Swiss investment bank, has seen a significant turnaround in its M&A division. After a challenging period last year, where revenues were down 58%, the bank has managed to rescue Credit Suisse’s M&A bankers and achieve a 40% increase in M&A revenues in the third quarter of this year. However, this success comes amidst […]
UBS, the Swiss bank, is facing the challenge of integrating Credit Suisse after its $3.25bn acquisition. While UBS has spent $500m on retention bonuses to keep key employees from Credit Suisse, it has also laid off around 13,000 employees. Additionally, many employees have left for rival firms, often with the approval of their former employer. […]
UBS has made a significant move to strengthen its investment banking division by hiring around 200 senior bankers from Credit Suisse. This comes after the Swiss government’s approval of a $3.25 billion deal between the two banks earlier this year. Despite plans to cut jobs, UBS is determined to accelerate its growth plans in key […]
Robey Warshaw, the investment banking boutique known for its expertise in advising FTSE 100 firms on major deals, has increased the pay for its top dealmakers. According to recently filed accounts on Companies House, the boutique paid its four key partners a total of £28m in the year ending March 2023. This is a slight […]
UBS, the Swiss bank, has announced the formation of a new team called the executive client group. This team, consisting of nine top dealmakers, will be led by Ros L’Esperance, the former global co-head of investment banking at UBS. The purpose of this team is to focus on providing strategic engagement to UBS’s most important […]
