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...Grant Thornton’s retired US partners are demanding a greater share of the spoils from its sale of a majority stake to private equity, after accusing the accounting firm’s management of short-changing them...
...New York-based New Mountain, which manages about $50bn in assets, is known for preferring to buy privately held businesses in sectors it believes are insulated from swings in the economy....
...Grant Thornton has not publicly disclosed how much New Mountain and its co-investors are paying for the 60 per cent stake, or how exactly the firm will distribute the proceeds of the investment and the new...
...The division had roots in Credit Suisse First Boston’s New York mortgage securitisation business in the 1980s and was led by veteran executive Jay Kim, who moved with most of the team to Atlas SP when the...
...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....
...The top US consumer finance watchdog has raised doubts about megamergers in the credit card industry, just as Capital One attempts to close its $35.3bn takeover of card issuer Discover Financial Services...
...York state usury laws to void several small-company financing deals....
Talks show largest US lender’s appetite for a payments network to support its credit card business
...With the accounting profession facing a shortage of new recruits, Kleinman said that an equity-like model had advantages over the traditional partnership structure....
...The tech giant is also running a 10-year partnership with Deutsche Börse, while New York’s Nasdaq is working with Amazon Web Services....
...Durban and Mondre told DD’s Antoine Gara in an interview they are halting such investments and refocusing their efforts on bigger, more complex deals where the New York and California-based PE firm has made...
High-speed trading firm sued hedge fund last week over lucrative options trading strategy it claims were stolen
...The New York-based firm raised a $12.7bn fund in 2021 and has built stakes in TikTok parent company ByteDance, fast-fashion company Shein and payments company Stripe....
Decision hurts David Handler’s chances of securing potentially millions of dollars in equity he sought from the elite M&A boutique
...Private equity has been attracted to accounting firms by the combination of steady income from tax and audit work and the opportunity to expand into new services such as consulting....
...New York-based group Apollo on Thursday increased its long-term forecasts for its lending business, telling shareholders it expected to be able to originate more than $200bn a year in new loans, up from...
...Izzy Englander’s New York-based Millennium, which runs $61.4bn, gained 10 per cent last year, while Steve Cohen’s Point72 Asset Management, which has $31.4bn in assets, was up 10.6 per cent, investors said...
...Additional reporting by James Fontanella-Khan in New York...
...Before that, he had tried in 1998 in partnership with the New York Board of Trade. FMX’s futures trades will be cleared by LCH, the clearing house controlled by the London Stock Exchange Group....
...Initial public offerings have yet to rev up for 2024, but later today the Palmer Square Capital BDC will start trading on the New York Stock Exchange, after pricing 5.45mn shares at $16.45 a piece yesterday...
...In 2006, New York State resident Martha Barotz was paid $150,000 upfront by Life Accumulation Trust III (LATIII), which took out insurance that would pay out a $5mn lump sum on her death....
...Car crash Internal disagreements over the direction of the Apple car led the effort to sputter for years before it was cancelled this week, The New York Times reports....
...meet the new rules....
...years of 2020-2022 were outliers and not the new normal,” Adam Prager, co-head of the recruitment firm Korn Ferry’s professional services practice, wrote in a recent report....
...The lawsuit sets up a titanic struggle between members of Wall Street’s new royalty over a strategy that Jane Street said can “reliably predict future market activity”....
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