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Mirae Asset’s $43bn subsidiary names Ryan O’Connor as chief executive
...BDO last year took an alternative approach, opting to convert to an employee-owned corporation, funded by private debt....
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...grows its own overseas presence to offer services to those looking to expand....
...Services Compensation Scheme, which compensates customers if a financial business fails....
...It follows a broader trend in professional services....
...It was cited by BDO USA’s switch from a partnership to a corporation. This was followed by $1.3bn in debt financing from Apollo Global Management to fund purchases of shares by a new employee trust....
...What regulator could be against safer banks at the heart of our financial system?...
...TPG has invested in partnerships such as talent agency Creative Artists Agency and registered investment adviser LPL Financial in recent years, and last year it made an unsuccessful pitch to buy into in...
...Such insurers tend to hold a higher proportion of illiquid assets, and the fund has urged national regulators to consider the risks to the wider financial sector....
...Miles Celic, chief executive of financial services lobby group The CityUK, welcomed the announcements....
...An OCC spokesperson said the agency had “not received a filing from Capital One regarding Discover Financial Services”....
...PDT, owned by Canadian asset manager Brookfield, had accused the corporation of seeking to reduce the value of its business through the action, a claim the STDC denied....
...Chang’s and business technology provider Computer Services Inc....
...The Internal Revenue Service said on Wednesday that it was preparing “dozens” of audits of large corporations, partnerships and high-income taxpayers to see if their use of jets had been properly designated...
...Porticoes Capital will seek to take over banks closed by the Federal Deposit Insurance Corporation, the US regulator, according to an official filing....
...Trust rests in a central counterparty, with a multinational corporation acting both as the custodian and the clearing house....
...That was one contingency discussed last week when ICBC Financial Services — the financial services arm of the Industrial and Commercial Bank of China — was hit by ransomware software, which prevented it...
...The BBC has been criticised in the past for using its licence-fee funded financial size to launch services directly against rivals relying on advertising revenues....
...“The affairs of Delaware corporations, however, must be managed by Boards of Directors, not backroom deals,” said the lawsuit, saying non-Elliott shareholders never got the opportunity to approve the features...
...To be sure, there may be instances when a sale to a mega bank will minimise both financial and social costs....
...In recent decades, buyout groups such as Blackstone, KKR, Apollo and TPG have transformed from clubby partnerships into publicly traded corporations with large public market valuations....
...New York hedge fund Elliott Management is best known for hardball tactics that have seen it take on governments and large corporations....
...“China has been a place where you could deploy capital, but getting it out is harder,” said Allen Waldrop, director of private equity investments at the $81bn Alaska Permanent Fund Corporation, which has...
...Deposit Insurance Corporation last year....
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