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CaixaBank and Bankia to merge, creating Spain’s largest bank – CNBC

The newly created lender, which will keep the CaixaBank brand, will have assets of more than 664 billion euros, the companies said.

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The boards of Spain’s CaixaBank and state-owned Bankia have approved a merger plan between the two lenders, which will create the biggest bank in the country.
The deal terms will see CaixaBank offer 0.6845 of its shares for every Bankia share, according to a release published Friday. The newly created lender, which will keep the CaixaBank brand, will have assets of more than 664 billion euros ($786.7 billion), the companies said.
The merger plan still needs to be approved at the General Shareh…

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PayPal in Talks to Buy Crypto Firms Including BitGo – Bloomberg

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US faces major hurdles for COVID-19 vaccine distribution: Vaccine advisory committee – Yahoo Finance

The race for a COVID-19 vaccine race doesn’t end with emergency use application. Companies are faced with several obstacles, according to the FDA’s vaccine…

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Any coronavirus vaccine that could be authorized for emergency use by the U.S. Food and Drug Administration (FDA) faces several additional hurdles after completing the final stage of clinical trials.
That was the theme of key issues addressed today by the FDAs vaccine advisory committee which includes a group of health and science experts who advise the regulatory agency on the best way to approach the path forward for a COVID-19 vaccine.
Among the more immediate hurdles, the path to receive an…

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Meet NextEra, America’s most valuable energy firm – The Economist

The clean-energy utility has surpassed ExxonMobil in market capitalisaion—and shows no signs of slowing

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TO MANY INVESTORS, backing an American oil company looks only slightly shrewder than stuffing cash in a blender. Facing covid-19 and old concerns over low returns, the industry is scrambling to boost efficiency. On October 19th ConocoPhillips said it would pay $9.7bn for Concho Resources, a Texan fracking firm. The next day two other frackers, Pioneer Natural Resources and Parsley Energy, announced a $4.5bn tie-up. Across the sector, oilmen are vowing to put profits before growth. How about a firm…

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