Sign up for free NYB email newsletter

Monday, May 18, 2026

Clear Street Delays Public Debut as Market Volatility Intensifies

Clear Street has postponed its planned U.S. initial public offering, citing current market conditions. The New York-based brokerage had already reduced the size of its Nasdaq offering to $364 million from an earlier target of $1.05 billion. At the top of the revised range, the company would have secured a valuation of about $7.2 billion, down from its previous goal of $11.8 billion. The firm stated it intends to revisit the listing later. Market sentiment has weakened in recent weeks following sharp declines in software, IT, and financial stocks, with investor caution rising around AI-driven valuations and broader risk assets...

JPMorgan Elevates Guy Halamish to Drive AI-Led CIB Strategy

JPMorgan Chase has appointed Guy Halamish as Chief Operating Officer of its Commercial and Investment Bank (CIB), assigning him direct responsibility for advancing the division’s data and artificial intelligence strategy. The move forms part of a wider organizational overhaul designed to embed AI into core business processes rather than confining it to a standalone technology function...

EY Launches Sustainable Operating Blueprint to Help Companies Embed ESG Into...

EY has launched a Sustainable Operating Blueprint designed to help organizations move sustainability out of standalone reporting functions and into core strategy and execution. The framework is structured to guide companies from setting ambition to implementing change across the enterprise, with a focus on embedding environmental and social considerations into governance, capital allocation, risk management, and operational decision-making...

General Motors Appoints Claudia Gast as Deputy CFO and Strategy Lead

General Motors has announced that Claudia Gast will join the company on March 1, 2026, as Deputy Chief Financial Officer and Vice President, Strategy, Corporate Development, and Technology Partnerships. In this role, Gast will report to Chair and Chief Executive Officer Mary Barra on strategy matters and to Executive Vice President and Chief Financial Officer Paul Jacobson on corporate development and technology partnerships. GM said the appointment reflects its focus on strengthening financial discipline while advancing long-term strategic priorities through partnerships and targeted investments...

FTI Survey Shows CFO Confidence with Risks Ahead

FTI Consulting’s 2026 Global CFO Survey reveals that finance leaders anticipate solid revenue growth over the next year, even as they acknowledge ongoing economic and operational risks. The survey of 700 CFOs worldwide shows that 85% expect revenue growth of at least 10% in the next 12 months, up sharply from 72% in the prior year. Inflation, geopolitical conflict, and cybersecurity are cited by the majority of respondents as significant risks to enterprise performance...

Deloitte Survey Signals Firmer M&A Activity Outlook for 2026

Deloitte has released findings from its 2026 M&A Trends Survey, highlighting rising confidence among corporate and private equity leaders despite ongoing market uncertainty. The survey, which gathered views from 1,500 U.S.-based corporate and PE executives, shows that 90% of private equity respondents and 80% of corporate respondents expect an increase in the number of deals their organizations will pursue in 2026. Expectations around deal value also remain positive, with a strong majority anticipating higher aggregate transaction values over this year...

PayPay Advances Toward U.S. Listing with IPO Filing

PayPay has formally filed paperwork for a U.S. initial public offering, marking a significant step toward its long-planned entry into public markets. Backed by SoftBank, the payments app resumed its IPO process after regulatory reviews were delayed by the longest-ever U.S. government shutdown, which pushed back an expected December 2025 listing. The filing positions PayPay to become the first SoftBank-majority investment to list in the U.S. since Arm Holdings' high-profile IPO in 2023. IPO preparations have been underway for several years, with SoftBank identifying PayPay’s flotation as a strategic objective as early as 2021, confirming active preparations earlier this year, and then filing a confidential New York filing...

Standard Chartered Names Peter Burrill as Interim Group Chief Financial Officer

Standard Chartered PLC has appointed Peter Burrill as its interim Group Chief Financial Officer. He succeeds Diego De Giorgi, who has stepped down from his role as Executive Director and GCFO to pursue an external opportunity. Burrill will be based in London and will report directly to the Group Chief Executive, Bill Winters. The bank stated that an announcement regarding the permanent GCFO appointment will be made in due course, ensuring continuity in financial oversight during the transition period...

Circle Foundation Backs UN Digital Finance Platform to Improve Aid Delivery...

Circle Foundation, the philanthropic initiative backed by fintech company Circle Internet Group’s 1% equity commitment and the issuer of the USDC stablecoin, has announced its first international grant to support the United Nations’ Digital Hub of Treasury Solutions (DHoTS). Created in 2021 by UNHCR, DHoTS is a shared financial platform intended to streamline monetary transfers across the UN system and reduce dependence on legacy payment rails that can be slow and costly...

Tracy Farr Steps into CFO Role to Guide Lazard’s Financial Strategy

Lazard has named Tracy Farr as its new Chief Financial Officer, placing a long-serving senior executive in charge of the firm’s financial and strategic planning functions. Farr brings more than 20 years of experience, including over a decade at Lazard, where he most recently served as a Managing Director in the Capital Structure Advisory group and worked closely with senior leadership on corporate development and strategy. His background spans complex mergers and acquisitions, financing structures, and valuation work across public and private companies...

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...