Banking
Berkshire Hathaway Buys $900 Million Stake in Capital One
Warren Buffett's Berkshire Hathaway Inc. has disclosed a new stake in Capital One Financial Corp., the latest in a series of investments by the billionaire investor in the financial sector.
Berkshire's 13F filing with the Securities and Exchange Commission shows...
Banking
UBS bailed out Credit Suisse from the jaws of death
Obrian -
UBS, Switzerland’s largest bank has agreed to buy rival Credit Suisse in a deal that could save the bank but for how long? Earlier this month we have seen major banks teetering on the edge of collapse, banks such...
Business
iCreate plans to raise money using a strategic debt to equity scheme
Obrian -
iCreate is currently in the process of working on a bold move to convert its current debt to equity with an overall transaction value worth $600 million. This ambitious move at the moment clearly pushes the boundaries from a...
Business
Cari-Med has eyes set on a possible upcoming IPO
Obrian -
Leading pharmaceutical distributor Cari-Med has been in the early stages of possibly bringing the company public on the Jamaica Stock Exchange (JSE).
One of the major reasons so far has already been hinted at by Chairman Glen Christian and it...
Caribbean
WiPay’s long awaited IPO is set for January 2023
Obrian -
WiPay, a growing digital payment portal in the Caribbean that originated in Trinidad and Tobago, is finally setting the stage for its long-awaited IPO on the Jamaica Stock Exchange (JSE).
This is a very important step in the company’s...
Business
1834 is on the verge of being delisted from the JSE
Obrian -
1834 Investments (1834) is on the verge of being dissolved and wiped away from the stock market. RJR will soon be the owner of all 1834 shares, and the company’s presence on the stock will be suspended effective October...
Caribbean
Mayberry Investments looking to raise $1.2 billion from the bond market
Obrian -
Mayberry Investments is looking to raise $1.2 billion from the bond market with the ability to increase to $5 billion from the public bond market. This is set to open between October 28 – November 28.
The corporate bonds will...
Business
AS Bryden & Sons is set to go public this year
Obrian -
Seprod Group's recent subsidiary, AS Bryden & Sons, is set to go public later this year on the Jamaica Stock Exchange (JSE) leaving Seprod Group (SEP) to benefit greatly from such a development.
Seprod acquired a majority stake in...
Business
Sagicor quietly sold off all shares in its subsidiary X Fund
Obrian -
Sagicor Group Jamaica Ltd is winding down its operations in Sagicor Real Estate X Fund Ltd (XFUND) as they seek out more profitable ventures.
X Fund, which once controlled various lodgings, presently possesses a single hospitality property - The DoubleTree...
Banking
CEO of Access Financial reiterates it is not for sale
Obrian -
Over the last month, rumors had been swirling around that Dolla Financial sent a takeover bid to Access Financial board members. If that deal was to go through Dolla Financial would be in a good position to further solidify...
Latest News
Twitter Rebrands to ‘X’
In a surprise move, Elon Musk has rebranded Twitter as "X." The change was announced on Sunday, and the...
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