Financial Investment Services
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Goldman Sachs Wants to Charm Startups. It Won’t Be Easy.
Goldman Sachs Group Inc. wants to help its clients get a piece of the next big startup. GS Growth, a…
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Bond trading ‘cartel’ lands Nomura, UBS and UniCredit with €371m fine
A raft of investment banks have been hit with multimillion euro fines after the EU Commission found traders had operated…
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Investors fear more property fund casualties after Aviva closure
Aviva Investors’ decision to shutter its UK Property fund could be the first of many permanent closures, as the real…
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Oatly IPO: 5 things to know about the plant-based dairy company before it goes public
After first filing for its IPO confidentially in February, plant-based food company Oatly Group AB is set to go public…
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UBS hires Credit Suisse’s Botteri for new financing unit
UBS has hired a senior Credit Suisse dealmaker to bolster its new unit aimed at increasing collaboration between its wealth…
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Deutsche Bank shakes up top of UK investment bank with Barclays hire
Deutsche Bank has shaken up the senior ranks of its UK investment bank, poaching a senior dealmaker from Barclays as…
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Fund managers position for ‘boom expectations’ with tech demand at three-year lows, Bank of America survey finds
Fund managers are increasingly making a “late cyclical” push, according to a closely watched monthly survey released on Tuesday. The…
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Citi names Gutiérrez-Orrantia new head of European investment bank
Citigroup has named a new head of European investment banking, relocating a senior dealmaker from Madrid to London during a…
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Hertz Gets Court Approval for Bankruptcy Deal With Top Bidders Knighthead and Certares
Hertz Global Holdings Inc. won bankruptcy-court approval to hand control of the rental-car company to Knighthead Capital Management LLC, Certares…
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Bank of America names Sheehan sole head of investment banking
Bank of America named Thomas Sheehan as sole head of its investment banking unit in the latest leadership reshuffle at the…
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Goldman’s average pay in Europe jumps to $686,500 each as profit surges
Goldman Sachs’ European staff brought in profit of $2.8bn last year, an increase of 37% as revenues across investment banking…
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SAP Discloses Investment by Chairman’s Charity in Joint Venture
BERLIN— SAP SE, SAP -1.69% the German software company, said Wednesday that a charity set up by Hasso Plattner, SAP’s…
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Citi hires Ibáñez from Deutsche Bank for senior tech dealmaker role
Citigroup hired a Deutsche Bank dealmaker to bolster its technology investment banking team in Europe, a key focus for the…
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Andrea Orcel shuffles UniCredit leaders in first major move as CEO
New UniCredit chief executive, Andrea Orcel, has shaken up the Italian lender’s upper ranks, slimming down its executive committee and…
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Symphony new CEO Brad Levy on how 100-hour weeks at Goldman set him apart
Brad Levy has big changes planned for Symphony, the $1.4bn financial communications provider he is soon to take over. With…
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WSJ News Exclusive | Elliott Management Has Stake in Duke Energy
Activist investor Elliott Management Corp. has a stake in Duke Energy Corp. DUK 4.21% and is pushing the utility giant…
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New SEC Chairman Sets Sights on Citadel Securities and Virtu
WASHINGTON—The electronic-trading firms Citadel Securities and Virtu Financial Inc. VIRT -1.40% have become pillars of the stock market in recent…
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BlackRock at Odds With Warren Buffett’s Berkshire Hathaway Over Disclosures
The world’s largest asset manager is in disagreement with the world’s most famous investor. BlackRock Inc. voted for two shareholder…
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Credit Suisse, Morgan Stanley review credit lines to hedge funds, family offices post Archegos
Banks across Wall Street are looking to tighten the lending terms of some of their hedge-fund clients on the heels…
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Novogratz says Galaxy’s $1.2 billion planned BitGo tie-up brings it a step closer to being Goldman Sachs of crypto
Galaxy Digital’s CEO Mike Novogratz says that he aspires to make his financial services firm the Goldman Sachs of the…
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CME Group to Close Most of Its Trading Pits in Chicago Permanently
The exchange operator CME Group Inc. CME 0.32% said it would permanently close most of its open-outcry trading pits in…
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Berkshire Hathaway’s Stock Price Is Too Much for Computers
Berkshire Hathaway Inc. is trading at more than $421,000 per Class A share, and the market is optimistic. That’s a…
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A Pro Snowboarder and a Photographer Do What They Love. Now They Want to Buy a Home.
Erika Vikander and Drew Smalley work for themselves, doing what they love. Ms. Vikander, 30 years old, is a professional…
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Credit Suisse banker demoted over Greensill shows off seven-bedroom Provence farmhouse
Eric Varvel, the Credit Suisse asset management head demoted after the Greensill Capital collapse, is marketing his expensively renovated seven-bed…
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TikTok Is the Place To Go for Financial Advice If You’re a Young Adult
TikTok is the place to go for new dances, viral taco recipes—and, now, financial advice. The big benefit of TikTok…
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How Credit Cards Affect Our Brains—and Our Spending
It’s been known for decades that credit cards encourage spending. But why that happens still isn’t entirely clear. New research…
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Opinion: Former Vanguard CEO: 5 hurdles facing investors now and how to overcome them
When I joined Vanguard in 1982, the firm’s flagship fund was not the renowned 500 Index Fund VFINX, -0.71%, but…
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When to Give Inheritance Money to Your Kids
Should an inheritance be strictly an inheritance, to be left to children when their parents die? Or should parents use…
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Former Woodford sales exec Simon Dale joins ETF firm
Simon Dale, the former head of retail at Woodford Investment Management, has joined exchange traded fund boutique HANetf to oversees…
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BlackRock Takes Aggressive Posture on ESG Proxy Votes
The world’s largest asset manager is showing it is more willing to use its heft to influence the policies of…
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Credit Suisse risk committee head Gottschling steps down amid Greensill, Archegos crises
The head of Credit Suisse’s risk committee has stepped down ahead of its annual general meeting, staving off a potential…
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Opinion: COVID-19 has prompted a boom in retirement savings
COVID-19 has had devastating effects on people’s health, lives and livelihoods. But for millions, it has been a boon for…
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Fidelity launches platform for fund managers to profit from short-sellers
Fidelity Investments is ramping up a business that helps money managers profit on those eager to bet against stocks. Fidelity…
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HSBC profits more than double as Covid-19 loan-loss provisions reverse
HSBC’s first-quarter profits more than doubled as provisions for Covid-19 related loan losses slumped, but the UK lender’s investment bank…
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Deutsche Bank rides Spac boom as investment bank profits surge by 134%
Deutsche Bank’s investment bank fuelled its best quarterly profit in seven years as the German lender reaped the benefits of…
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Three things you need to know about Standard Chartered’s first quarter
Standard Chartered’s profits jumped by 18% in the first quarter as the emerging markets-focused UK lender slashed provisions for bad…
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St James’s Place funds hit record high on upbeat investor sentiment
Funds under management at City wealth manager St James’s Place rose to a record high in the first three months…
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Fidelity Launches Platform for Fund Managers to Profit From Short Sellers
Fidelity Investments Inc. is ramping up a business that helps money managers profit on those eager to bet against stocks.…
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UBS Is a Tough Act for Credit Suisse to Follow
UBS’s UBS -1.37% strong results, despite an unexpected Archegos loss, contrast sharply with those of crisis-hit crosstown rival Credit Suisse.…
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European Soccer, Brought to You by JPMorgan, Goldman Sachs and Bank of America
JPMorgan Chase JPM 0.33% & Co.’s role as the money behind the defunct soccer Super League in Europe shows the…
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Standard Life Aberdeen CEO defends name change to Abrdn amid Twitter disapproval
The chief executive of Standard Life Aberdeen has defended the FTSE-listed asset manager’s decision to change its name to Abrdn following…
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Goldman, JP Morgan in talks with UK about faster London-New York route for bankers
US banking giants have been asking officials in the UK government to “streamline” business travel between London and New York…
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Credit Suisse board in investors’ sights over Greensill, Archegos issues
Top shareholders said they would vote against re-electing key Credit Suisse Group board members, a broadside against the bank’s leadership…
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Dutch insurer NN Group ‘reviewing options’ for fund management arm
NN Group, the Dutch insurer, has announced it is “reviewing strategic options” for its investment management business, paving the way…
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HSBC promotes Richier to lead continental European investment bank as Preschez exits
HSBC has named a new head of investment banking for continental Europe as veteran dealmaker Hubert Preschez has stepped down from…
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Fallout from Archegos shines light on a dark derivatives underbelly
When some of the world’s largest investment banks help a controversial fund manager make numerous large leveraged bets less than…
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Credit Suisse warns of an extra $654m hit from Archegos coming
Credit Suisse will lose another CHF600m ($654m) from collapsed hedge fund Archegos Capital, following a $4.7bn hit, and will shrink…
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Former Citi exec joins Israeli fintech startup
Former Citigroup executive Tsafrir Attar is to join Israeli fintech startup The Floor as its chief technology officer. Attar is…
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Credit Suisse CEO hints at banker bonus increases after Archegos hit
Credit Suisse chief executive Thomas Gottstein hinted that it could pay bigger bonuses for its investment bankers this year after…
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HSBC names Wells Fargo’s McGeough as new European investment bank chief
HSBC has hired the former head of Wells Fargo’s international business to lead its European investment banking unit as 32-year…
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