Hints and tips:
...Castlelake would sit in Brookfield’s recently formed credit unit, which also houses a controlling interest in Oaktree Capital Management....
...It is also the biggest fund ever raised by Brookfield, which manages $850bn across sectors spanning real estate, credit and insurance, renewable energy and corporate buyouts....
...Citgroup is using large language models to improve developer productivity and test for software vulnerabilities — but not for credit scoring or other applications that affect customer access to financial...
...Others, such as Goldman Sachs and Morgan Stanley, have relied on their wealth and asset management arms....
...Moody’s said NYCB faced numerous “financial, management and risk management” issues....
...Some businesses continued to struggle, including the wealth management division....
...Typical investors have to tap an investment bank for a credit line, paying fees to make investments with borrowed money....
...BlackRock Riyadh Investment Management will be a wholly owned subsidiary of the $10.5tn US asset manager....
...In other words, it seems possible that the management team is just not very good.”...
...Its shares rose on Thursday after its new management team told analysts it would diversify away from loans to apartment buildings, many of which are subject to New York’s strict laws on rent control and...
...Buffett’s annual letter on Saturday laid out in no uncertain terms the challenges they will confront, my colleague Eric Platt in New York reports....
...Some in Silicon Valley aren’t happy, The New York Times writes....
...As Fink built BlackRock into a force in traditional asset management, Ogunlesi rose to head investment banking at Credit Suisse before founding GIP in 2006 with a group of other alumni of the now-defunct...
...Sistani made waves in the weight management industry last year with an acquisition that took the company Jean Nidetch launched in 1963 to run weight-loss support groups into the business of dispensing anti-obesity...
...After taking the keys to the auction house, Drahi then layered on hundreds of millions of dollars more debt by mortgaging off Sotheby’s trophy properties in London and New York....
...Per Bloomberg: Apollo Global Management Inc bet on the longevity of senior citizens by acquiring illegal life insurance policies and funneling the payouts through shell entities, according to a new lawsuit...
...Liontrust’s fortunes illustrate how M&A is not a panacea for the challenges facing the fund management industry....
...shake up the investment management industry....
...Capital for the loans would come from overseas credit funds and local banks, Arora said....
...rule that could cap the amount of late fees credit cards can charge consumers....
...He moved to New York to work at the Cravath law firm but quickly jumped to First Boston, later bought by Credit Suisse, to work on a Nigerian gas project....
...But, of course, there’s a reason why it’s widely called Shitibank; the sprawling, gormless Citi has for a v v v very long time proven adept at blithely ambling onto various rakes around the world....
...Both companies are headquartered in New York....
...Goldman Sachs and Morgan Stanley, whose businesses skew more towards investment banking and money management, report earnings on Tuesday....
...Bronwyn Owen, the group’s head of investor relations, is relocating from New York to run the office....
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