BBVA has reached an 86% stake in Garanti at the close of the voluntary takeover bid that the Spanish banking group had launched for its Turkish subsidiary, according to data registered with the Turkish stock exchange supervisor. On November 15, 2021, BBVA's board of directors agreed to launch a voluntary takeover bid for the 50.15% it did not control in Garanti,…
Target Corp., whose growth in the pandemic pushed its stock to record heights, on Wednesday became a symbol of inflation's toll on the American economy. The Dow Jones industrials shed more than 1,100 points, or 3.6%, their biggest one-day drop since June 2020. As a result, Target' s profit dropped to $1 billion from more than $2 billion a year ago.
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