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...Deloitte has taken on extra office space in central London less than two years after making cutbacks, in an about-turn that indicates staff in professional services are returning to the workplace more regularly...
...Jane Street and Millennium did not immediately respond to requests for comment....
...When they were founded, the likes of Kuvare, Canyon and Angelo Gordon did not occupy the most glamorous corners of Wall Street. Slow, steady and humdrum is having its day in the sun....
...But in a people business, this is no easy task. Look at the 2017 coupling that created Abrdn or Liontrust’s kiboshed acquisition of Swiss rival GAM....
There is no simple solution to monetary governance
...Jane Street declined to comment beyond the lawsuit....
...*Ignites Europe is a news service published by FT Specialist for professionals working in the asset management industry. Trials and subscriptions are available at igniteseurope.com....
...Of course, there is customer service and access. But even those face tests....
...A year ago, the FT’s Editorial Board said in a column on Goldman Sachs: “The fundamental problem is that banking just is not what it was, even for Wall Street behemoths.”...
...These include electric vehicle supply chains, manufacturing, strategic mining companies and a group of smaller cross-border ecommerce companies that are copying the model of Shein, which was privately valued...
...Netflix’s crackdown on password sharing helped the streaming service blow past Wall Street’s earnings forecasts, but its shares fell after it said it planned to stop regularly disclosing its subscriber numbers...
...So, what can topple Jane Street? Unlike banks, Jane Street doesn’t have captive flow from an army of established clients, like companies that need to hedge currency exposures....
...State Street Global Advisors is to reduce the number of European listings for five exchange traded funds in order to concentrate liquidity....
...Up and down the high street, if shoppers do venture into a store, it’s getting harder to find decent service....
...So it’s easy to see why including one co-head but not another can send a certain type of message....
...Don’t we advise companies on this?”...
...In the past five weeks, JPMorgan, State Street, Pimco and Invesco have all quit Climate Action 100+, an international investor coalition that pushes big companies to address global warming....
...Signa Holding, the central company, filed for administration last week....
...What matters most on Wall Street — the people or the platform?...
...This year, Wall Street is expecting those sales to roughly double again, to nearly $100bn. The likely message from the tech companies is: be patient....
...In the middle of last year, in the hunt for beneficiaries of generative AI, Wall Street alighted on software companies such as Adobe, which is expected to get a boost in sales of its services....
...It’s been more than 25 years since the biggest names on Wall Street started being hit by massive sex discrimination claims....
...And the difference is private companies typically have only one or two or a handful of shareholders who are all known and easy to find, whereas a public company has thousands of shareholders, if not millions...
...It’s easy to be downbeat, and perhaps right to be so, about the fortunes of individual firms or markets. But there are also reasons to be optimistic....
...That’s when he got a call from James Robinson III, who was then the chief executive of American Express and the biggest power broker on Wall Street....
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