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...The move is an edict from Andy Sieg, who runs Citi’s wealth management division and joined the company last year from Bank of America....
...NYCB said: “We can confirm that Nick Munson left the company in early 2024.” NYCB declined to comment as to whether a new executive had stepped into the CRO role....
...Former Expedia chief financial officer Eric Hart will join the 10-year-old company a year after leaving the travel group....
Institutional Clients Group would disappear in most significant shake-up of past 15 years
...Traditional asset managers such as Franklin Templeton, AllianceBernstein and T Rowe Price have been racing to snap up alternative providers, including infrastructure, private equity and private credit funds...
...Jefferies has advised on many of Fertitta’s deals, while he and Handler have raised four special purpose acquisition companies together under the name Landcadia Holdings....
...The company’s shares fell as much as 31 per cent shortly after Wall Street’s opening bell and having disclosed the moves late on Thursday....
Vis Raghavan to be Citi’s new head of banking
Analysts say some lenders could lift their guidance when they report first-quarter results
...Recruiting Raghavan brings an end to a high-profile HR gambit by Citi’s chief executive Jane Fraser, who left the banking job vacant when she unveiled the company’s new five-division structure in September...
...Other investment banks including Goldman Sachs, BNP and Santander have also invested in Visible Alpha and the company has raised $68mn, according to data from PitchBook....
...Scherr and the board had discussions then about what management skills were needed for the next phase at the company....
...It has raised more than $2.5bn and struck a handful of small deals, including building a minority stake in movie studio Lions Gate Entertainment and four cyber security companies....
Salary and bonus rise a combined 6% despite 40% decline in profits at bank in 2023
Industry earnings weighed down by one-off charges to replenish federal deposit insurance after regional banking crisis
Investors including former Treasury secretary Steven Mnuchin stand to make hundreds of millions on bailout
...But this company has a strong foundation, strong liquidity and a strong deposit base, which gives me confidence for our path forward,” DiNello told analysts....
Lenders in US, Asia and Europe hit by exposure to sector struggling with lower occupancy and higher interest rates
Biggest lenders optimistic about economic outlook despite higher interest rates
Net interest income is squeezed as lenders pay out more to keep depositors
...According to the SEC’s complaint, Bechtolsheim misappropriated material nonpublic information regarding the impending acquisition of Acacia Communications, Inc., a manufacturer of highspeed optical interconnect...
...Two years ago Franklin Templeton launched a tokenised fund but had attracted only $360mn in assets by the end of March....
As law firm partner pay has soared, so has their desirability as clients for private bankers
...BlackRock, the most successful of the new ETFs, had inflows of $527mn this week but others, such as Invesco, Franklin Templeton and Valkyrie, had minimal inflows....
...More than $5.6tn is held in money market funds, according to the Investment Company Institute....
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