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...BlackRock, which already draws more than 8 per cent of revenue from technology services, is aiming to get ahead of its asset management peers. “GenAI will change how people interact with technology....
...A tie-up with BlackRock would have marked a dramatic shift in strategy for Warburg Pincus, which has over the past decade resisted the urge to follow peers like Blackstone and KKR and list its shares on...
...That range would put it roughly in line with the valuations of its largest peers, the European groups SGS, Bureau Veritas and Intertek, which have market capitalisations of about two times their annual revenue...
...Starting in July, listing services will no longer disclose commissions under the terms of the NAR settlement, making it easier for buyers and sellers to hire agents for reduced services and fees, or forgo...
...“Another sign of concern is that this has been a period where growth equity strategies have outperformed value-focused peers,” Morningstar says....
...In deciding Fraser’s pay, Citi said the compensation committee at its board of directors had also considered “competitive market levels of pay for CEOs of peer institutions”....
...They fared better than their smaller peers, however, boosted in part by their investment banking and trading businesses....
...Any rebound for Citi next year starts in its services unit, offering working capital and payment facilities to its multinational corporate clients....
...Like its Big Tech peers, the company has faced regulatory action in the past without upending the way it does business....
...It seeks to prove lack of competition in markets in which Apple faces serious rivals and in which users are able to switch to different products and services....
...PayPal does have Venmo, a peer-to-peer payment app that is popular among young people. Monetising it is the problem. Charging people to use the app is hard when rivals like Zelle are free....
...Greater user choice may sound fine in theory, they argue, but it will challenge fundamental aspects of how services work....
...Sceptics have compared his model to outlawed peer-to-peer lending. For now, he seems relatively sanguine....
...The profit margin of the service sector (which accounts for 20% of revenue) has, in the opinion of our analyst, peaked at 70% as Apple needs to find incremental services with large TAMs, with much of the...
...Tanni Grey-Thompson, a former Paralympian who is a peer in the House of Lords, fears assisted dying would increase pressure on the old and disabled to stop “being a burden” on their families....
...Shares in Paragon Banking and OSB, a peer with its own book of BTL, slipped during 2023. They then staged a triumphant comeback to the end of year, thanks to the peaking of interest rate expectations....
...Government guidelines around building a “silver” economy announced last week have identified dining assistance to the elderly as a priority....
...One adviser to Barings said its lending team had considered spinning the business out, having seen peers make similar moves....
...All Binance did was facilitate peer-to-peer transactions without determining the price people were willing to pay.”...
...But, as with all things in financial services, the hand that giveth is the hand that takes away....
...developers on the App Store in the EU already pay no commission.Apple added it has had hundreds of one-on-one engagements with developers since the new terms were announced, as well as providing technical assistance...
...Microsoft has stormed ahead of its Big Tech peers in the generative AI arms race, investing $13bn into ChatGPT-maker OpenAI last year and overtaking Apple as the world’s largest company by market capitalisation...
...Strong demand for Ernie Bot and related services should also boost Baidu’s other businesses including cloud services and smart cars....
...$1bn of capital invested in the bank, we believe we now have sufficient capital should reserves need to be increased in the future to be consistent with or above the coverage ratio of NYCB’s large bank peers...
...Waymo has deployed a live, customer-paying service, while many of the other new entrants have switched focus to niche applications such as commercial vehicles, or have been acquired....
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