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Search resuls for: "Spanish Treasury"


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Read previewSpanish fintech startup Embat has raised $16 million in fresh funding from VC fund Creandum, the company said Tuesday. This story is available exclusively to Business Insider subscribers. Treasury-management startups and similar offerings targeting the office of the CFO have become a key focus for fintech investors in recent years. Embat's proposition is directly aimed at financial software users, with data security at the forefront of its platform's architecture, cofounder Carlos Serrana told Business Insider. "We were probably born in the worst period to raise capital but we have built a solid product which has traction, and our sales have traction," Serrana told BI.
Persons: , Embat, Carlos Serrana, Creandum, Serrana Organizations: Service, JPMorgan, Business, Treasury, Venture Locations: Madrid, Germany
Hedge funds help fill bond-buying void left by central banks
  + stars: | 2023-11-15 | by ( ) www.reuters.com   time to read: +2 min
Weinberg said hedge funds accounted for roughly 40% of turnover in German securities. Other debt agency officials said regulation following the global financial crisis had prompted banks to be more cautious about investing in bonds, which also left hedge funds with greater scope to buy into fixed income markets. UK debt management office head Robert Stheeman said hedge funds had moved into the space left by banks in ensuring liquidity - in other words, the ease of buying and selling an asset. Mercedes Abascal Rojo, head of funding and debt management at the Spanish Treasury, urged the need for caution, however. So far, market functioning has generally been smooth, the debt agency heads said.
Persons: Heiko Becker, Thomas Weinberg, Weinberg, Robert Stheeman, Mercedes Abascal Rojo, Spain's Abascal, Dhara, Barbara Lewis Organizations: European Central Bank, REUTERS, Bank of England, Association for Financial Markets, Spanish Treasury, Thomson Locations: Frankfurt, Germany, Ukraine, Europe's, Brussels, Central, Spain
Leading the way is Italy, which sold a record 18.2 billion euro retail bond this month to increase domestic holdings of its debt. This means around 15% of outstanding Portuguese government debt now sits with retail investors, versus 10% in recent years. Belgium meanwhile has issued 390 million euros of state notes to retail investors this year, the highest since 2011. But individuals still only hold 1% of its 1.3 trillion euro public debt overall, a spokesperson said. Italy first launched retail bonds in 2012 amid the euro zone debt crisis, reducing reliance on international investors as borrowing costs surged.
Persons: that's, Rui Amaral, Amaral, Banks, Maric, Post, Jorge Garayo, Cyril Rousseau, Rousseau, Yoruk, Dhara Ranasinghe, Hugh Lawson Organizations: Spanish Treasury, Spanish, European Central Bank, ECB, Treasury, Generale, Germany, Thomson Locations: Portugal, Spanish, Italy, Belgium, Europe, Spain, France, Germany
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