Mubadala Capital, which manages $27 billion in assets, will take a 42% stake in Silver Rock Financial, which manages $10 billion in assets.
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The deal expands Mubadala Capital’s reach in the US while giving CI Financial additional backing after years of snapping up RIAs.
A federal appeals court upheld the “TikTok Ban” that would force China-based ByteDance to sell its app next month or face exile from the US.
The market’s sunny optimism, set against wintry December, will face a Game of Thrones-like test this Wednesday: an inflation report is coming.
What this means, however, is that the next time American markets tumble, it won’t just be America’s problem.