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...The companies, whose plans were first reported by the Financial Times last year, share a set of officers, including two co-founders — chief executive Nathaniel Horwitz and publisher Sam Koppelman — general...
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...The bank also bought most of failed US lender First Republic last year....
...This was the first time he has sold shares in the bank other than for charitable or tax purposes. Jefferies said Handler, 62, was using the cash to buy a boat and pay tax obligations....
...JPMorgan Chase, Wells Fargo and Citigroup all reported first-quarter earnings on Friday and warned that the future looks a little rocky. I’m joined now by the FT’s Josh Franklin to talk about it....
...Joshua Franklin First Republic was the second-largest bank failure in US history, and the biggest that we’d seen in the US since the 2008 financial crisis....
...The largest US bank by assets reported first-quarter net income of $13.4bn, up from $12.6bn a year earlier and more than analysts had expected....
...Goldman Sachs’ profits rose 28 per cent in the first quarter, far ahead of analysts’ estimates, boosted by its trading business and a nascent recovery in investment banking....
...Goldman Sachs’ profits rose 28 per cent in the first quarter, as a strong performance at its hallmark trading business helped the Wall Street bank easily surpass analysts’ estimates....
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...Morgan Stanley said net income in the first quarter was $3.4bn, up from $3bn a year earlier, beating analysts’ estimates for $2.7bn, according to forecasts compiled by Bloomberg....
...Marc FilippinoJosh Franklin is the FT’s US banking editor. Thanks, Josh. Joshua FranklinThanks, Marc....
...The quarter was the first under Pick, whose background in investment banking and trading contrasts with predecessor James Gorman’s years in wealth management....
...Events: First day of meteorological spring....
...“Of course, US leaders must always put America first, but global peace and order are vital to American interests.”...
...Analysts said some banks could lift their guidance when they report first-quarter results beginning this week....
...Under the complex set of proposals, first introduced in early 2023 by Meloni’s Brothers of Italy party, small borrowers who have defaulted on their loans between 2015 and 2021 would have the option of repurchasing...
...At first, it was Lazard and Rothschild that Roger Altman’s boutique New York investment bank Evercore had in its sights....
...JPMorgan, for the 11th straight year, came first....
...The US had also suffered its first serious banking stress since the financial crisis, with a spate of regional banks collapsing in the first half of that year....
...Dimon on Wednesday said of the Disney CEO: “Bob is a first-class executive and outstanding leader who I’ve known for decades....
...At first, Scherr was sceptical. But the closer he looked, the more he shared their enthusiasm....
...While Mnuchin’s first outreach to NYCB was unsuccessful, his chance came back around quickly....
...The firm’s ETFs, the first of which launched in 2013, would “probably cannibalise some of the mutual funds”, Johnson said, but mutual funds would remain popular in the retirement channel, she added....
...Dimon’s decision to intervene in a sensitive matter is not a first for the veteran banker....
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