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...a $1bn investment by Hellman & Friedman in Baker Tilly US, another top 10 firm....
...Grant Thornton’s retired US partners are demanding a greater share of the spoils from its sale of a majority stake to private equity, after accusing the accounting firm’s management of short-changing them...
...The firm has about 600 partners in the US and is the largest member of Grant Thornton International, a network of accounting firms that use a common brand and co-ordinate services worldwide....
...The bank also bought most of failed US lender First Republic last year....
...Google this year added a new premium tier to its Google One consumer subscription service for users who wanted to use its most advanced Gemini chatbot....
...Institutional Shareholder Services, another high-profile shareholder adviser, is recommending shareholders vote in favour of Abrdn’s proposals at its meeting....
Izzy Englander poaches latest partner from Wall Street bank, where David Solomon faces fresh unrest
...H&F’s investment also underscores the growing interest of private equity in professional services firms, and represents a return to large-scale dealmaking in the US accounting sector after a hiatus caused...
...The US Department of Justice last week announced it was suing Apple for allegedly using its power in the smartphone sector to squash competition....
...As the FT reported in 2020, Apollo’s outside law firm, Paul, Weiss, conducted an investigation about the firm’s expense practices....
...The shift makes Citadel Securities the latest financial services company to increase its reliance on Big Tech cloud services and is a win for Google as Silicon Valley companies host more business traditionally...
...The US bank ultimately decided to stay in its current premises in Canary Wharf. Morgan Stanley declined to comment....
...“It will help us turbocharge the Android and Chrome ecosystems, bring the best innovations to partners faster . . . and internally, it will also speed up decision making.”...
...Email us: robert.armstrong@ft.com and ethan.wu@ft.com....
...Instead it has pursued an “arms dealer” approach that allows it to sell content to various streaming services....
...A burst of dealmaking in 2022, when three of the top-25 US accounting firms took private equity cash, has reignited this year....
...The EU this morning announced investigations into Apple, Alphabet and Meta in the first applications of its landmark Digital Markets Act....
...The other partner in the joint venture is US fund manager RedBird Capital....
...On Monday, the Virginia-based bank said it had agreed to acquire Discover Financial Services for $35bn, to be paid all in stock....
Lawsuit sets up rare public clash between two big Wall Street rivals
...Santander has hired a trio of senior US bankers, Bloomberg reported....
...In its complaint, the FTC argued — as expected — that the tie-up would lead to higher prices, plus lower product quality and services for consumers....
...The company has also started the first, limited tests of some generative AI features in its main search engine, showing AI-powered overviews of a small number of topics to some users the US and UK....
...Cannae is the vehicle of Bill Foley, the multi-billionaire who made his fortune in a series of financial technology and financial services companies....
...“I can’t say it was that memorable, as neither of us remembered it,” he said....
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