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.
Reddit, the world’s newest publicly-traded social media company, intends to chase growth by breaking into new markets.
The last mile is always the hardest. For the Federal Reserve, the last mile in its race to tame inflation just got even harder.
Tuesday’s Senate report is a sort of parting shot to the airline industry from the outgoing Biden Administration.