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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...
...Millennium gained 3.7 per cent in the first quarter of this year and has delivered average annual returns of about 14 per cent since inception, according to investors....
Wall Street bank’s efforts to jump-start wealth management business have proved unpopular with some staff
...The bank also bought most of failed US lender First Republic last year....
Regional lender’s shares have been hammered by concerns on real estate loans
...US financial technology start-up Plaid has hired its first chief financial officer, a milestone in its highly anticipated plans to go public following a failed sale to Visa two years ago....
...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....
...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....
...Profits at Wells fell 7 per cent in the first quarter from a year earlier....
...The quarter was the first under Pick, whose background in investment banking and trading contrasts with predecessor James Gorman’s years in wealth management....
...The start of the year is typically a strong period for banks’ trading businesses with clients returning in January and taking new financial bets, but markets have lacked much of the frenzy of the past few...
US regional lender replaces chief amid continued investor concern about commercial property exposure
...The deal will bolster its Capital IQ Pro platform and allow for forward financial modelling....
...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....
Vis Raghavan to be Citi’s new head of banking
...JPMorgan, for the 11th straight year, came first....
...At first, Scherr was sceptical. But the closer he looked, the more he shared their enthusiasm....
...$1.5mn in base salary and a $24.5mn bonus, was based on Fraser streamlining Citi’s strategy and announcing “the most consequential set of changes to its organisational and management model since the 2008 financial...
...Reverence Capital, founded by three former Goldman Sachs executives, is led by Milton Berlinski, who founded the investment bank’s financial institutions group and has targeted mid-sized financial services...
...largest banks expensed $16bn to cover the government-imposed “special assessment”, which replenished a deposit insurance fund that was heavily depleted by the failures of Silicon Valley Bank, Signature and First...
...Marc FilippinoJosh Franklin is the FT’s US banking editor. Thanks, Josh. Joshua FranklinThanks, Marc....
Investors including former Treasury secretary Steven Mnuchin stand to make hundreds of millions on bailout
...A generation of senior bankers struck out on their own in the years immediately before and after the financial crisis....
...“Of course, US leaders must always put America first, but global peace and order are vital to American interests.”...
...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....
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