Massive Chip Deal Crumbles Over Regulatory Obstacles
Japanese conglomerate SoftBank Group Corp. has scrapped its sale of semiconductor company ARM Ltd., abandoning a record-breaking $80 billion deal with California-based Nvidia Corporation. Citing regulatory obstacles, SoftBank will prepare the chip designer for a public offering instead...
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...
UBS Buys Automated Investment Service Wealthfront To Expand Into Younger U.S....
UBS, the prominent Swiss multinational financial services company and investment bank, is acquiring automated investment services firm Wealthfront, with hopes of expanding its reach in the United States and among millennial and Gen Z investors...
After $2.2B Loss And Weak 2022 Forecast, Credit Suisse Charts Course...
With an overall strategic shift rolled out in November that may not bear fruit until 2023, Credit Suisse Group AG is asking its investors to stand by for the long-term payoff. In the meantime, it is banking on its honesty and transparency by making it abundantly clear this is the firm's worst annual performance in five years...
TCI, Citadel Steer Leading Hedge Fund Managers To Record $65B In...
Last year, sizable earnings at Sir Christopher Hohn's TCI and Ken Griffin's Citadel led the way as the top 20 best-performing hedge fund managers made some of their largest gains in over a decade. The list of managers, which also features Paul Singer of Elliott Management and Israel Englander of Millennium Management, represents gains of $65.4 billion...
World’s Largest ETF Takes Nearly $7 billion Hit Amid January’s Market...
The world’s largest exchange-traded fund, S&P 500 ETF Trust, which trades by the ticker “SPY,” lost almost $7 billion in investments the last day of January alone and was down over 6% for the month. Popular with investors, SPY tracks the S&P 500 Index, which has lost over 5% of its value in 2022...
Bank Of America Shares $1 billion In Stocks With Almost All...
Bank of America is dividing $1 billion in previously restricted stock amongst nearly its entire staff in an effort to recruit and retain employees during what has been dubbed the “Great Resignation.” According to CNN, employees who make up to $100,000 will receive a minimum of an estimated $2,900 in BofA stock...
Morgan Stanley Nears $5 Trillion In Total Client Assets
Soon, Morgan Stanley Wealth Management will eclipse $5 trillion in total client assets. The industry-leading wirehouse reportedly amassed $4.93 trillion in client assets at the end of last year, which makes for a 23% increase over 2020...
Hefty Wall Street Compensation Coerces Goldman Sachs To Raise Junior Salaries,...
According to analysis from Financial News, investment banks have in recent times spent more on compensation than at any point since the 2008 financial crisis. As they vie to retain junior associate talent amid a wave of pay hikes on Wall Street, Goldman Sachs has instituted new bonuses for its juniors...
Popular Articles
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...