Hints and tips:
Related Special Reports
...Goldman Sachs’ global treasurer, Philip Berlinski, is leaving the bank after 24 years for New York-based hedge fund Millennium Management, according to two people familiar with the situation....
...New York Community Bancorp and its chief risk officer parted ways shortly before the regional US lender reported larger than expected losses from real estate lending that hammered the bank’s stock....
...The bank also bought most of failed US lender First Republic last year....
...Goldman has seen a spate of high-profile women leave, including Beth Hammack, who was once touted as a potential chief financial officer of the bank; Dina Powell McCormick, who left to join merchant bank...
...Bank of America, the nation’s second-largest lender, said as it reported results on Tuesday that new loan growth stalled in the quarter, with BofA’s chief financial officer Alastair Borthwick calling lending...
...The bank also said it had started a process to bring in new chief risk and audit executives “with large bank experience”....
...In a separate statement on Friday, NYCB said it had appointed George Buchanan, an executive at Regions Bank, as its new chief risk officer....
...Mark Mason, chief financial officer, told reporters that 7,000 employees had been given notice that their jobs had been eliminated since the reorganisation began, 2,000 more than the bank had previously...
...They replace Daniel Pinto, who will remain the bank’s president and chief operating officer, and is still Dimon’s main deputy....
...Shortly after Raghavan’s move to Citi was announced, JPMorgan sent a memo to employees announcing that Filippo Gori and Doug Petno would become co-heads of global banking: a new division encompassing JPMorgan...
...That division will now be known as the commercial and investment bank after Dimon merged it with JPMorgan’s commercial banking division. Doug Petno will remain chief executive of the commercial bank....
...JPMorgan chief financial officer Jeremy Barnum told analysts that customers were moving more money to accounts that offered higher savings rates, eating into the bank’s margins from lending....
...Cohen previously served as chief strategy officer at Goldman Sachs, and Solomon praised her ability to work with engineers in the memo announcing her departure....
...The New York-based hedge fund released a 133-page report this month that took aim at Disney’s board and set out initiatives to “restore the magic”....
...With interest, the total amount of penalties handed down could exceed $450mn, New York attorney-general Letitia James said in a statement after the decision....
...Markets are betting that the ECB will deliver at least three quarter-point cuts by the end of the year, compared with two reductions for the Bank of England and only one or two for the Fed....
...UBS said the new arrangement with Apollo — which included the transfer of $8bn of senior secured financing facilities — would result in a $300mn net gain for the bank....
...Solita Marcelli, chief investment officer Americas at UBS Global Wealth Management, said investors were buying “downside protection” in light of the geopolitical tensions....
...The tech giant is also running a 10-year partnership with Deutsche Börse, while New York’s Nasdaq is working with Amazon Web Services....
...New York-based Visible Alpha pools together investment research and financial models by sellside investment banks into aggregated data for asset managers....
...The rethink on US rates has also spilled over to European markets, with investors now pricing in three cuts for the European Central Bank and two for the Bank of England in 2024, down from more than six...
...Amer Sports, owner of brands including Salomon, Wilson and Arc’teryx, has filed for an initial public offering on the New York Stock Exchange, as the Chinese-owned company looks to raise money to reduce...
...But he later fell out with his cousin Evelyn de Rothschild over the strategic direction of the bank, and struck out on his own in 1980....
International Edition