With Raskin Out, Biden May Be Forced To Go With A...
Former Member of the Federal Reserve Board of Governors and Deputy Secretary of the Treasury Sarah Bloom Raskin withdrew her nomination for Federal Reserve Vice Chairwoman for banking supervision on March 15. Now, the White House may be forced to either choose a new moderate candidate or leave the post open for the foreseeable future...
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Companies Respond To Russian Invasion Of Ukraine
Since the unprovoked Russian invasion of Ukraine that began in late February, corporate actions to censure Russia have varied dramatically. Some of the measures taken have been required of companies by law, and some have been voluntary, and comments on the war made by corporations have ranged from harsh condemnations to more restrained promises to review their business in the country...
Tightening Financial Conditions Could Spell Trouble For World Economy
Due to climbing energy prices, falling stocks, and the market turmoil from Russia’s unprovoked invasion of Ukraine in late February, global financial conditions are now at their tightest since early 2016...
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Expulsion From SWIFT Weaponized Against Russia
In a joint statement on February 26, the U.S., U.K., Canada, France, Germany, Italy, and the European Commission announced that they would remove "selected Russian banks" from the Society for Worldwide Interbank Financial Telecommunication (SWIFT) messaging system...
New Year, Same Old Issues For Berkshire Hathaway
In early 2022, Warren Buffett’s company, Berkshire Hathaway, surpassed Meta (formerly Facebook) in market value. Despite this success, and as Berkshire releases its latest earnings and annual letter to shareholders, some of the biggest issues the company will face in the future have not changed...
Surveyed Crypto Holders Prefer Banks To Exchanges
People who hold cryptocurrencies would choose to place their money in banks rather than crypto exchanges, according to a survey by the professional services company, EY. Eighty percent of the crypto consumers polled reported that they would prefer the bank option, though most holdings are currently with crypto exchanges...
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Credit Suisse Leak Uncovers Potential Criminal Ties Associated With 18,000 Accounts
Eighteen thousand leaked Credit Suisse accounts last week revealed criminals, alleged human rights abusers, and sanctioned individuals among the bank’s customers, according to reports in the German newspaper Süddeutsche Zeitung...
Pay Raises Aim To Attract Top Private Equity Talent
In the most competitive labor market in years, large publicly-traded private equity firms paid their employees two and three times more last year than they had previously. Apollo Global Management Inc. reported spending triple what it did in 2020 on compensation and benefits, totaling $3.49 billion...
What A Russian Invasion Of Ukraine Will Mean For The Global...
With Russia’s recent invasion of Ukraine, the world can likely expect chaotic markets and a strained global economy. Compounding the human tragedy and geopolitical upheaval that will almost certainly arise, financial implications will reverberate in a multitude of ways...
Fed Announces Interest Rate Changes To Combat Worsening Inflation
As murmurs of inflation have plagued the stock market in recent months, the Federal Reserve announced that it will be raising interest rates in order to combat fears. These rate hikes will symbolize the end of pandemic-centric policies that have played a big role in recent stock market gains...
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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...