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...The top US consumer finance watchdog has raised doubts about megamergers in the credit card industry, just as Capital One attempts to close its $35.3bn takeover of card issuer Discover Financial Services...
...Within weeks, a US regional banking crisis spurred a panic that ultimately contributed to Credit Suisse’s weekend takeover by UBS....
...a $1bn investment by Hellman & Friedman in Baker Tilly US, another top 10 firm....
...Grant Thornton’s retired US partners are demanding a greater share of the spoils from its sale of a majority stake to private equity, after accusing the accounting firm’s management of short-changing them...
...The firm has about 600 partners in the US and is the largest member of Grant Thornton International, a network of accounting firms that use a common brand and co-ordinate services worldwide....
...The bank also bought most of failed US lender First Republic last year....
Izzy Englander poaches latest partner from Wall Street bank, where David Solomon faces fresh unrest
...Google this year added a new premium tier to its Google One consumer subscription service for users who wanted to use its most advanced Gemini chatbot....
...Institutional Shareholder Services, another high-profile shareholder adviser, is recommending shareholders vote in favour of Abrdn’s proposals at its meeting....
...H&F’s investment also underscores the growing interest of private equity in professional services firms, and represents a return to large-scale dealmaking in the US accounting sector after a hiatus caused...
...The shift makes Citadel Securities the latest financial services company to increase its reliance on Big Tech cloud services and is a win for Google as Silicon Valley companies host more business traditionally...
...“The prolific growth of the data that’s becoming available to us is literally making us better-informed investors.”...
Decision hurts David Handler’s chances of securing potentially millions of dollars in equity he sought from the elite M&A boutique
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...Founded in 2000, Jane Street has grown into an increasingly powerful trading firm and market maker for the $8.9tn US exchange traded fund industry....
...The US bank ultimately decided to stay in its current premises in Canary Wharf. Morgan Stanley declined to comment....
...Instead it has pursued an “arms dealer” approach that allows it to sell content to various streaming services....
...In his ruling, Castel said that Apollo’s accounting department “deserve[d] significant blame” for the harm done to fund investors but still ruled that Rashid had violated US securities law on investment...
...A burst of dealmaking in 2022, when three of the top-25 US accounting firms took private equity cash, has reignited this year....
...Nunes, a former Republican congressman, named four equities market makers in his letter: Citadel Securities, Virtu, Jane Street and G1 Execution Services....
...On Monday, the Virginia-based bank said it had agreed to acquire Discover Financial Services for $35bn, to be paid all in stock....
...Santander has hired a trio of senior US bankers, Bloomberg reported....
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...In its complaint, the FTC argued — as expected — that the tie-up would lead to higher prices, plus lower product quality and services for consumers....
...“We don’t believe we fully understand the risks associated with these offshore insurance companies,” said Natalie Winterfrost, a professional trustee and former chair of the investment committee at The Society...
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