Hints and tips:
...Fink told the Wall Street Journal the Labour leader had demonstrated “real strength” by pushing the party to the centre ground. BlackRock said Fink was not offering an endorsement....
...The $9.4tn asset manager has been a frequent target of attacks from US Republicans who have accused it of becoming too “woke”, and chief executive Larry Fink said earlier this year he had stopped using the...
...The new business will be run by former Credit Suisse board member Michael Klein, who led the board’s committee in deciding on the investment bank strategy....
...Latin America editor Michael Stott looks at his in-tray. Egypt: The country holds its presidential election on Sunday. Nobel Prizes: The awards ceremony will be held in Stockholm, Sweden, on Sunday....
...Here’s more on the challenge to Fink. 5....
...Fink and Ogunlesi have known each other since both were at Credit Suisse in the 1980s....
...Meanwhile, Larry Fink, head of BlackRock, the biggest asset manager in the world and one of those offering a bitcoin ETF, has become something of bitcoin evangelist, calling it “an asset class that protects...
...Is Larry Fink the new Sun King of crypto, able to bring things to life simply by putting in an appearance?...
...Wells CFO Michael Santomassimo said on the bank’s earnings call that, while markets are currently pricing in an interest-rate cut later this year, “I do think that you need to be prepared that that’s not...
...Michael Milken, who abhorred the limelight, oversaw the affair from the background....
...“It was a fine quarter and the longer-term growth story is still intact” despite the lower revenue, said Michael Brown, analyst with KBW....
...Monetary policy: Vice chair for supervision at the Federal Reserve Michael Barr speaks at a conference co-hosted by the New York Federal Reserve alongside the president of the Federal Reserve Bank of New...
...“We expect that investors will begin redeploying assets once there is conviction in the terminal rate,” chief executive Larry Fink told analysts on a call for its third-quarter results on Friday....
...Simon MundyBlackRock, I mean it’s very interesting what BlackRock’s been doing more generally because if you’re Larry Fink you’re in a kind of strange situation....
...White House assistant press secretary Michael Kikukawa said that fighting inflation and reducing costs was Biden’s “top priority”....
...One scoop start: UBS is set to enter talks with Michael Klein to unwind a deal that would have seen the Wall Street dealmaker take control of much of Credit Suisse’s investment bank, according to people...
...“Contagion risks across US regional banks drove investors out of the US bank sector this month at the fastest pace since Russia’s invasion of Ukraine,” said Michael Hartnett, chief investment strategist...
...This week Credit Suisse brought back the First Boston brand which will front the spinout headed by its former board member Michael Klein....
...Another potential bidder, however, was waiting in the wings: Larry Fink’s BlackRock....
...BlackRock, the world’s largest asset manager, has been outspoken about the need to consider climate change in investing decisions under chief executive Larry Fink....
...It also puts a plan led by investment banker Michael Klein to spin off the operation and rename it Credit Suisse First Boston on life support....
...Former England cricket captain Michael Vaughan has been cleared of using racist language by the sport’s disciplinary body....
...Laurence Fink, a talented First Boston mortgage bond trader, would also leave to start a little money manager called BlackRock....
...One person closely watching the unfolding drama is banker Michael Klein, who is set to lead the new advisory business, called Credit Suisse First Boston, after it merges with his own boutique firm....
...Among other alumni is Larry Fink, the chair and CEO of BlackRock, who left First Boston in 1986 after his team made a $100mn loss on an incorrect interest rate prediction....
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