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...it “a very significant transaction”....
...Mark Sorrell, the London-based co-head of mergers and acquisitions and son of advertising executive Sir Martin Sorrell, and Gonzalo Garcia, co-head of European investment banking, have told Goldman they...
...Goldman’s European investment banking operations have been facing a sensitive time, having experienced tumult this year over appointments to a new senior internal committee....
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...But the US has a secret weapon called Benjamin Franklin....
...Sir Mark Jones in the summer....
...A person familiar with the matter said the boat was a Westport 164ft yacht being purchased from Fertitta, the hospitality billionaire....
...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 has agreed a deal to move its automated investing unit, Marcus Invest, to US “robo-advisor” Betterment, as part of the Wall Street bank’s efforts to pare back a strategy to cater to mass market...
...In a wide-ranging interview on Tuesday at the Economic Club of New York, Dimon said the state of the US economy was “unbelievable” and had been “booming for a while”....
...So I think this is gonna be a long path to get this deal done. Marc FilippinoJosh Franklin is the FT’s US banking editor. Thanks, Josh. Joshua FranklinThanks, Marc....
...Joshua Franklin It’s really been a case of the haves and the have-nots in US banks over the last 12 months or so. The haves have been a pretty small number....
...a year to accomplish....
...Franklin Templeton was incentivised to realise the assets and reduce the discount by earning a fee of 1.75 per cent on returns of capital....
...A merger between Virginia-based Capital One and Illinois-based Discover would shake up the US credit card landscape and mark one of the industry’s biggest deals since the 2008 financial crisis....
...They did not put a value on the deal. The agreement marks the latest push into international sport by Saudi Arabia, after deals in boxing, motorsport, football and golf....
...The largest US bank by assets reported first-quarter net income of $13.4bn, up from $12.6bn a year earlier and more than analysts had expected....
...The brightest spot was a blowout performance from trading....
...The contracts, which constrain a worker’s ability to work for a competitor for a certain period of time after leaving their current employer, have long been a hallmark at big banks, brokers, asset managers...
...This was up 32 per cent from a year earlier, though well below the peak during the pandemic-era boom. Read more here....
...Profits at Wells fell 7 per cent in the first quarter from a year earlier....
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