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...Paris has emerged as the biggest winner, with Wall Street banks such as JPMorgan and Bank of America choosing the French capital for their main post-Brexit European centre....
...Under the plan, Deloitte’s main business units will be cut to four — audit and assurance; strategy, risk and transactions; technology and transformation; and tax and legal — from the five the firm has had...
...However, discontent among tax partners was widespread enough that all the main candidates in this year’s leadership election supported the business being put back together, according to people familiar with...
...The company noted that much of the capital it does have is used to maintain margin requirements with the prime brokers across Wall Street that lend to Jane Street, supercharging its trading operations....
...The Ladbrokes owner is reviewing the future of businesses, including a number snapped up by former chief executive Jette Nygaard-Andersen, and this month hired Wall Street boutique advisory Moelis, according...
...So, what can topple Jane Street? Unlike banks, Jane Street doesn’t have captive flow from an army of established clients, like companies that need to hedge currency exposures....
...Solar power companies and farmers team up in “quite a grassroots kind of way”, said ASGA president Nick Armentrout....
...The main difference between the US and other jurisdictions is the American proposal to prevent banks from using their own internal models to work out how much capital they need to hold against their loan...
...Mexico, Latin America’s second-largest economy, is all but certain to elect its first female president on June 2, as well as choosing a new congress....
...Methodology The FT Americas’ Fastest-Growing Companies 2024 is a list of the 500 companies in the Americas that have the highest growth in publicly disclosed revenues between 2019 and 2022....
...Looming changes to the time it takes to settle trades on Wall Street pose a “systemic” risk to currency markets, European asset managers have warned....
...Any deal for the company would have to get the approval of South Africa, which doesn’t seem keen on the prospect of BHP owning the company....
...“The main one is the fossil fuel industry,” he said, explaining that the “huge clout” of both state-owned and private companies could influence political leaders....
...US regulators’ move to ban non-compete agreements that tie down high-priced personnel has sent shockwaves across Wall Street....
...Farmers in Latin America are rushing to plant cocoa as the price of chocolate’s main ingredient soars amid a global shortage of supplies....
...The main reasons American roads are so unsafe stem from how they drive, not how much....
...One body was found face down in the bed of a tap-tap, the colourfully painted pick-up trucks that serve as the city’s main forms of public transport, while others were left strewn on the streets....
...The report found that seeking greater flexibility was the main reason staff would consider leaving their company, just above better benefits or pay....
...One of the biggest problems for Wall Street would be if companies are unable to use gardening leave to protect proprietary information....
...Another possibility is for companies to spin off part of their business to list in the US. Again, this is only applicable to a few and might reduce the liquidity of a company’s main European listing....
...America’s largest bank, with more than $2.4tn in deposits, is getting into the ad-selling business....
...The decision has “primarily been driven” by the fact that outside North America the settlement cycle is not changing to T+1, the letter says....
...Now, Wall Street’s properly settled, and they want to play golf....
...In the middle of last year, in the hunt for beneficiaries of generative AI, Wall Street alighted on software companies such as Adobe, which is expected to get a boost in sales of its services....
...JPMorgan Chase, Bank of America, Wells Fargo and Citigroup collectively made $253bn in net interest income (NII) for the whole of 2023 — a 19 per cent jump from 2022’s total....
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