Monday - Jul 24, 2017

Markets & Finance

Facebook market value tops $200 billion for the first time

Facebook market value tops $200 billion for the first time

Facebook brought yet another record last week when their market capitalisation figure topped the highly symbolic $200 billion mark, outpacing the leading rival search engine giant Google at the time that it took them to reach the figure since their seemingly disastrous IPO in 2003. By reaching and passing the $200 billion valuation, Zuckerberg’s brainchild


Bank of America agree to pay $16.65 billion in damages-  to settle allegations of impropriety in mortgage case

Bank of America agree to pay $16.65 billion in damages- to settle allegations of impropriety in mortgage case

In order to resolve allegations that it misled investors to purchase mortgage-backed securities, the Bank of America have agreed to pay a record $16.65 billion. The agreement between the Bank of America and the Department of Justice, the Securities and Exchange Commission and six state attorneys-generals, is being regarded as another milestone in concerted efforts


Euronext expected to be valued at around $2.4 Billion in its forthcoming IPO

Euronext expected to be valued at around $2.4 Billion in its forthcoming IPO

Leading global network of exchanges and clearing houses Intercontinental Exchange (ICE), have announced their plans for the proposed IPO for their Euronext division at the end of May, have now taken the lid off their share price expectations, which could see the company valued at a maximum of 1.75 billion euros, or $2.38 billion. Euronext,


Mortgage lenders in the US staring a major downturn in demand straight in the face

Mortgage lenders in the US staring a major downturn in demand straight in the face

According to industry reports, the US mortgage industry is now facing a wave of consolidation, with the realisation that the mortgage refinancing boom that has boosted their profits at an increasing level over the last few years and is now showing major signs of slowing down. The loss of income from refinancing has cut sharply