Corporate Strategy/Planning
- Finance
Klarna plans to lay off 10% of workers due to poor market conditions
Buy-now-pay-later giant Klarna is to lay off about one-in-10 of its employees, as the company fights against a worsening economic…
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Axa IM eyes launch of new private markets business
Axa Investment Managers, the €864bn fund management unit of the French insurance group, plans to establish a new business unit…
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Nomura to launch new firm to scale up offerings in crypto, DeFi and NFTs
Nomura said it is launching a new digital assets company to provide its institutional clients with crypto trading services. The new…
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Goldman Sachs says senior bankers are free to take as much time out as they want
Goldman Sachs rolled out a new policy that will allow its most senior staff to take as much leave as…
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Why splitting HSBC won’t clear political landmines
HSBC, Europe’s most valuable bank, makes most of its money in Asia but is headquartered in the UK. Now its…
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Ark’s Cathie Wood to crypto faithful: Keep slamming bitcoin ‘if you want the US to lose’
The Ark Innovation fund’s Cathie Wood roused crypto bulls at the Bitcoin 2022 conference in Miami by touting bitcoin as…
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EY hit with £2bn lawsuit over NMC Health audits
Big Four auditor EY has been hit with a lawsuit by the administrators of collapsed FTSE-100 healthcare business NMC Health.…
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Apollo snaps up JPMorgan’s Christine Moy in digital assets push
Private equity firm Apollo has hired former JPMorgan metaverse head Christine Moy to steer a push into the digital asset…
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Amazon looks to cut costs after first loss in seven years sends stock careening lower
Amazon.com Inc. reported a loss of nearly $4 billion in the first quarter of 2022 as inflationary pressures added costs,…
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Fidelity Investments plans options for investing in bitcoin
Fidelity Investments plans to allow investors to put a bitcoin account in their 401(k)s, the first major retirement-plan provider to…
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Hedge fund Melvin Capital scraps plans to restart charging performance fees
Gabe Plotkin scrapped a plan to start charging performance fees again at his beleaguered hedge fund, Melvin Capital Management, after…
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Zappos Names Amazon Executive as Its First CMO
Zappos.com Inc. has named Amazon executive Ginny McCormick as its first chief marketing officer in its 23-year history. Ms. McCormick…
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AT&T tops profit expectations in last full quarter with WarnerMedia
AT&T Inc. topped profit expectations for its latest quarter on Thursday, the last full period to contain results from the…
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Robinhood signs a deal to acquire UK’s Ziglu as part of expansion plans
Weeks after Robinhood Markets extended cryptocurrency wallet services to more than two million users in the U.S., the investing platform…
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Russian lawyers rush to set up new firms amid exodus and fears for future
Russia-based lawyers at UK and US law firms are rushing to secure their future as their employers withdraw from the…
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Bain Capital mulls potential Toshiba takeover
Toshiba’s top shareholder said 31 March it had agreed to support a possible takeover bid led by US private-equity firm Bain…
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Newton IM’s Munro makes an ESG case for defence stocks: ‘Security is a common good’
The chief executive of Newton Investment Management said ESG funds should be able to invest in defence companies, because national security…
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Cathie Wood’s flagship Ark ETF hit with Morningstar downgrade on risk of ‘severe losses’
The flagship exchange traded fund run by star US stock picker Cathie Wood has been downgraded by Morningstar, with the…
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Barclays expands prime broking as rivals pull back after Archegos
Barclays is making a fresh push into prime broking after rivals retreated in the wake of steep losses from the collapse…
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McKinsey agrees to $18m settlement with SEC over poor insider trading controls
WASHINGTON — McKinsey has agreed to pay $18m to settle allegations that it didn’t adequately guard against the risk of…
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Blackstone’s co-head of hedge fund arm plans to leave firm
The co-head of Blackstone’s big hedge-fund unit plans to leave the firm as the private equity giant seeks higher returns and faster…
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Zopa gains unicorn status as SoftBank leads $300m funding round
British digital bank Zopa is now a billion-dollar company, gaining the coveted unicorn title after raising $300m from major Japanese technology…
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HSBC CEO Quinn: Forcing staff back to the office is a ‘betrayal of trust’
HSBC chief executive, Noel Quinn, said that forcing its 210,000 employees back to the office in the wake of Covid-19…
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Barclays opens up $30m fintech fund in London for female founders
Barclays is expanding its female-focused startup fund to Europe, partnering with venture capital firm Anthemis to accompany the effort with a…
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Ex-Anchorage hedge fund exec moves to PJT Partners
Investment bank PJT Partners has hired the former US head of restructuring at hedge fund Anchorage Capital Group as a…
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Here’s what Vanguard found to be the most potent inflation-fighting asset class
Not all inflation hedges are created equally. Investors certainly have been flocking to Treasury inflation-protected securities, or TIPS, with the…
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KPMG partner exits firm amid tribunal over Silentnight private equity takeover
A KPMG restructuring partner facing a disciplinary tribunal over the sale of mattress company Silentnight to private equity fund HIG…
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