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Morgan Stanley Makes Inroads Into Burgeoning Family Office Market
Morgan Stanley’s efforts to tap into the $5.5 trillion family office market are showing signs of paying off, as the bank’s suite of products dedicated to the fast-growing wealth management firms have brought in $25 billion in assets since January...
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Goldman Sachs Internships Draw Record-Smashing Applicant Pool
A record number of college students have applied for Goldman Sachs’ upcoming summer internships, according to the firm. This comes despite reports last year of oppressive working conditions and failing employee health...
Barclays Makes Costly $590 Million Overselling Mistake
For exceeding a U.S. limit on sales of structured products, some of which have surged in popularity since Russia's invasion of Ukraine, London-based Barclays is set to face an estimated loss of £450 million ($592 million) and increased regulatory scrutiny...
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SoftBank Most Likely To Choose Goldman Sachs To Lead Arm IPO
All signs point to SoftBank’s choosing Goldman Sachs as the lead underwriter on its initial public offering of Arm Ltd. The IPO could value the British chip designer at as much as $60 billion, according to three people with knowledge of the matter...
J.P. Morgan Confirms $730 Million Deal To Buy Global Shares
J.P. Morgan has confirmed its plans to acquire Ireland-based fintech Global Shares in a $730 million (€665 million) deal. The transaction is expected to close in the second half of the year. Founded in 2005, Global Shares began as a low-margin service business...
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Goldman: Russian Assets Will Soon Be “Uninvestable” Thanks To Sanctions
Following the most recent round of international sanctions against Russia over its invasion of Ukraine, Russian assets are becoming “uninvestable,”according to Goldman Sachs. One key measure is looking to freeze the Central Bank of Russia’s roughly $630 billion foreign reserve stockpile...
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JPMorgan Opens Virtual Lounge, Banking On Metaverse Infiltration
JPMorgan became the first U.S. bank to open a virtual space, dipping its toe into the metaverse ethers. Experimenting with tech’s latest concept, the global investment bank has set up the “Onyx by J.P. Morgan” lounge, located in the three-dimensional virtual world platform, Decentraland...
Is It Time To Upgrade Chinese Stocks?
It may be the moment to buy Chinese stocks, investment analysts say. Foreign banks have stayed away from the world’s second largest stock market as the pandemic stunted the economy and regulatory uncertainty grew...
Goldman’s $4 Billion Profit Not Enough
Goldman Sachs has posted record profits for Q4 of 2021 with a total of $3.9 billion earned, equating to $10.81 a share. Total revenue for the company came in at $12.6 billion for the quarter, an 8% increase over the previous year...
Morgan Stanley Eyes A Multi-Trillion Dollar Metaverse Market
Investment banks are talking about the metaverse, and that’s good news for the tech companies that make the virtual world come to life. Wall Street behemoth Morgan Stanley has joined the conversation, predicting in a note to investors that the Chinese market alone could reach $8 trillion or more...
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Hertz Appoints Scott M. Haralson as Chief Financial Officer
Hertz Global Holdings, a prominent global rental car company, has announced the appointment of Scott M. Haralson as Chief Financial Officer. "His deep expertise in financial management and leveraging the capital markets to drive business transformation will be invaluable to Hertz as we rotate our fleet, deliver operational excellence, build greater cost discipline and undertake other key initiatives to improve our financial performance", stated Hertz CEO Gil West...
Navan Appoints Amy Butte as Chief Financial Officer
Navan, the comprehensive super app simplifying travel and expense management, announced the appointment of Amy Butte as Chief Financial Officer effective June, 2024. Butte, who joined Navan's Board of Directors in April 2024, has resigned from her role as Audit Committee Chair to assume this executive position...