Corporate Strategy/Planning
- Market
Facebook plans to soon rebrand with a new name: report
Facebook Inc. may soon have a new name. The Verge reported Tuesday night that Facebook FB, +1.39% plans to change…
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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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Evergrande got a clean bill of health from PwC despite heavy debt
Last year as China Evergrande’s stock and bond prices seesawed, it offered deep discounts to keep sales growing during the pandemic and the government…
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Boston, AlixPartners consultants poached by Ankura in UK restructuring push
US consulting firm Ankura has hired a string of heavyweight practitioners to make a push into the UK restructuring market.…
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UBS puts Bouvier at helm of new ESG banking unit
UBS has created a new ESG advisory team, promoting a senior dealmaker to lead the unit as investment banks increasingly…
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FCA ‘keen’ for info on Google’s scam crackdown as criticism mounts
The Financial Conduct Authority is still awaiting information on whether Google’s plans to crack down on online investment fraud are…
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Wise enters wealth management with BlackRock tie-up
British fintech firm Wise is launching its first foray into wealth management, allowing customers to invest the cash in their…
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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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Binance CEO eyes restructure to quell regulators’ concerns
Cryptocurrency exchange Binance is to restructure itself around a single centralised business, after regulators voiced concerns that they could not…
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Ex-BlackRock sustainable CIO on how ESG risks turning into a mis-selling scandal
Tariq Fancy was BlackRock’s sustainable investing CIO between 2018 and 2019, and had a unique vantage point into the world’s…
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Energy Vault’s Spac for renewable energy storage hits $1.6bn valuation
Energy Vault is combining with a blank-cheque company to go public in a merger that values the gravity-based energy-storage company at…
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DWS defends its approach to ESG amid greenwashing probe
DWS, the listed German asset manager majority-owned by Deutsche Bank, has defended itself against allegations made by a former employee…
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Deutsche Bank’s asset management arm under US investigation over ESG issues
US authorities are investigating Deutsche Bank’s asset-management arm, DWS Group, after the firm’s former head of sustainability said it overstated…
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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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Lloyds hires Barclays exec to lead debt capital markets, securitised product units
Miray Muminoglu has been named the new head of Lloyds Bank’s financial institutions debt capital markets and securitised products group.…
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Amazon plans to open large retail locations akin to department stores
Amazon.com Inc. AMZN, -1.26% plans to open several large physical retail locations in the U.S. that will operate akin to…
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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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Mubadala Capital expands private equity arm with London team
Mubadala Capital, the investment arm of Abu Dhabi-based sovereign wealth manager Mubadala Investment, is preparing to add private-equity professionals to…
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These stocks provide a better way to invest in the electric-vehicle revolution than the car makers themselves
The growth path for the electric vehicle industry seems inevitable. Governments are using incentives to encourage consumers to make the…
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The restructuring hiring rush is on, despite a flat market
An injection of private equity cash into the restructuring market via new spin-offs from Deloitte and KPMG has stoked frantic hiring…
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KPMG says Silentnight pensioners were not harmed by its misconduct
A lawyer for KPMG has denied that pensioners from mattress company Silentnight were harmed because of misconduct by one of…
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Revolut losses widen as profitability in 2021 hangs in balance
Losses at digital bank Revolut almost doubled to above £200m last year, as the pressures of the pandemic and a…
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Aviva plans to shrink in order to grow in investment management
What is Aviva going to do about its underperforming Aviva Investors asset management arm, demanded Philip Meadowcroft at the insurance…
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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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Looking for hedges against inflation? Try Apple, Nike, Verizon and stocks with this in common, strategists say
Stocks are set for a poor performance on Thursday, as markets absorb the Federal Reserve’s indication that interest rate increases…
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PwC plans $12bn investment for 100,000 new jobs to boost ESG expertise for clients
Big Four accountancy firm PwC has said it will invest $12bn to create 100,000 new jobs globally over the next…
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