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...The top US consumer finance watchdog has raised doubts about megamergers in the credit card industry, just as Capital One attempts to close its $35.3bn takeover of card issuer Discover Financial Services...
...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...
...Within weeks, a US regional banking crisis spurred a panic that ultimately contributed to Credit Suisse’s weekend takeover by UBS....
...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....
...Institutional Shareholder Services, another high-profile shareholder adviser, is recommending shareholders vote in favour of Abrdn’s proposals at its meeting....
...The bank also bought most of failed US lender First Republic last year....
Izzy Englander poaches latest partner from Wall Street bank, where David Solomon faces fresh unrest
...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....
...The US Department of Justice last week announced it was suing Apple for allegedly using its power in the smartphone sector to squash competition....
...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...
...As the FT reported in 2020, Apollo’s outside law firm, Paul, Weiss, conducted an investigation about the firm’s expense practices....
...McKinsey is facing a criminal investigation in the US over its work for opioid manufacturers, piling new pressure on a firm that has paid almost $1bn to settle civil claims that its advice fed an epidemic...
...“The prolific growth of the data that’s becoming available to us is literally making us better-informed investors.”...
Decision hurts David Handler’s chances of securing potentially millions of dollars in equity he sought from the elite M&A boutique
...Founded in 2000, Jane Street has grown into an increasingly powerful trading firm and market maker for the $8.9tn US exchange traded fund industry....
...Goldman Sachs and Citadel Securities are among a group of 10 large trading groups backing bond pioneer Howard Lutnick’s renewed tilt on CME’s monopoly on the US Treasury futures market....
...Email us: robert.armstrong@ft.com and ethan.wu@ft.com....
...A burst of dealmaking in 2022, when three of the top-25 US accounting firms took private equity cash, has reignited this year....
...Nunes, a former Republican congressman, named four equities market makers in his letter: Citadel Securities, Virtu, Jane Street and G1 Execution Services....
...“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.”...
...The EU this morning announced investigations into Apple, Alphabet and Meta in the first applications of its landmark Digital Markets Act....
...Microsoft’s revenue in the quarter climbed 17 per cent to $61.9bn, driven by cloud computing sales and rampant demand for AI-related services on its Azure platform....
...On Monday, the Virginia-based bank said it had agreed to acquire Discover Financial Services for $35bn, to be paid all in stock....
...The other partner in the joint venture is US fund manager RedBird Capital....
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