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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...
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Chip Maker AMD Is Optimistic About Xilinx Purchase
Chip giant AMD expects its $35 billion acquisition of Xilinx will be good for business. Following the deal’s close in early February, CEO Dr. Lisa Su said that buying the San Jose-based semiconductor manufacturing company would help AMD grow past its competition by 20%...
Global Wealth Firm FNZ Nets Massive Investment
In a huge primary equity raise, global wealth management platform FNZ announced that it has netted $1.4 billion in new equity funding from Canada Pension Plan Investment Board and Motive Partners. The investment, which is one of the largest ever made in the wealth management sector, values FNZ at more than $20 billion...
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...
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...
Frontier And Spirit Airlines To Merge In $2.9 Billion Deal
Frontier Group Holdings and Spirit Airlines Inc. announced plans in early February for a $2.9 billion deal that would create a new – and big – frills-free budget carrier. The merger, which would form the fifth-largest airline in the U.S., would give Colorado-based Frontier control of the company with a 51.5% stake in the new entity...
Private Equity Gets Into The Professional Sports Game
Who doesn’t love a winning team, especially when it reaps rewards? Private equity investors showed their affection for professional sports in 2021, spending nearly $2 billion on stakes in U.S. franchises according to PitchBook, a database that tracks the private and public equity markets...
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...
New Peloton Chief Spins A Growth Plan Amidst Declining Value
Despite on-again, off-again rumors that Peloton Interactive Inc. may be for sale, the home fitness brand’s new CEO said the company is ready to grow. “It’s the vote of the shareholders, and I’m confident a large percentage of the votes will be cast in favor of my leadership of the business,” Barry McCarthy told The Financial Times...
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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...