Corporate Strategy/Planning
- Finance
Saudi prince sets sights on Credit Suisse spinoff
Saudi Arabia’s crown prince and a US private-equity firm run by Barclays’ former chief executive are among investors preparing to invest…
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Credit Suisse flags $1.6 billion 4Q loss as wealth management comes under strain
Credit Suisse Group AG said Wednesday it expects to make a loss before taxes of around CHF1.5 billion ($1.58 billion)in…
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SocGen and AllianceBernstein agree equities tie-up
French bank Societe Generale has signed a joint venture with US investor AllianceBernstein to bolster its equity research, trading and…
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Morgan Stanley plans to reduce one gigaton in carbon-dioxide emissions by 2050
Morgan Stanley has formed a new growth-capital strategy that aims to invest $1bn to back companies that will seek to…
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FTX’s 50 largest creditors owed $3.1bn
FTX owes its 50 largest creditors about $3.1bn, the failed cryptocurrency exchange said in a bankruptcy court filing on 19…
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Amazon Looks to Sparrow to Carry its Robotics Ambitions
WESTBOROUGH, MASS. — In a brightly lighted warehouse tucked along an industrial road about 45 minutes east of Boston, a…
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Grindr Plans to Focus on Monetization, Subscription Prices After Going Public
Grindr LLC plans to further monetize its services, review subscription prices and beef up its finance team once the dating-app…
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Credit Suisse plans to cut 450 frontline jobs at its European investment bank
Credit Suisse’s European operations are set to bear the brunt of front-office job cuts as the Swiss bank prepares to cut around…
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‘This situation is unprecedented’: 10 crazy things detailed in FTX’s bankruptcy filing
On Thursday, John Ray, III, the new CEO of FTX, dropped a long-awaited declaration in U.S. bankruptcy court, giving a…
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Goldman to fold major business units into three main divisions in sweeping reorganisation
Goldman Sachs plans to fold its most important businesses into three divisions, undertaking one of the biggest reshuffles in the Wall…
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How Goldman’s revamp is looking to reduce its M&A reliance
Goldman Sachs is so dependent on its investment bank that a slump in deal making sent third-quarter profit down 43% —…
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Goldman pulls software boffs from business backrooms amid major revamp
Goldman Sachs wants to bring more software developers and engineers out of back rooms and deeper into the business as…
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Liz Truss administration on the brink as Conservative Party turmoil deepens
Britain’s political turmoil deepened on 19 October as Prime Minister Liz Truss, having been forced to ditch her flagship economic policies, fought…
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Crypto hedge fund Strix Leviathan taps BlackRock’s Matthew McBrady to head strategy
Quantitative crypto hedge fund Strix Leviathan has named BlackRock’s former chief investment officer Matthew McBrady as strategy head. In the…
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Lazard’s European business shines as M&A fees surge to record
Independent investment bank Lazard’s European business was a key driver of a 19% uptick in advisory revenues during the third…
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Credit Suisse plans to scale back dealmaking unit in Europe
Credit Suisse’s dealmaking unit spin-out is set to lead to deeper job cuts in Europe as it pivots the business…
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Vanguard’s Europe boss eyes pension switches to boost UK platform
Asset management giant Vanguard is eyeing pension switches as the next big opportunity for its UK investment platform amid a…
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How Credit Suisse plans to raise $4bn
Credit Suisse Group on 31 October disclosed the details of its $4bn capital raise as it aims to source funds to…
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Barclays, Deutsche Bank and Citigroup take currency losses as client’s merger falls through
Barclays, Deutsche Bank and Citigroup lost money on currency hedging products they sold to a client for an acquisition that fell through, the latest…
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UK property fund outflows hit £184m amid mini-budget and growth plan chaos
Investors pulled more than £180m from UK property funds during October, making it the worst month for the sector since…
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Magic Circle should consider EY-style spin-offs, ex-Slaughter and May senior partner says
Magic Circle law firms should consider following professional services giant EY by spinning-off parts of their businesses to better compete against…
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Nomura eyes crypto trading as part of 50-strong digital assets spin-off
Nomura is building a 50-strong team for its crypto spin-out, and is aiming to start trading digital assets early next…
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Standard Chartered’s crypto firm plots Abu Dhabi outpost in 2023
Standard Chartered’s crypto spinoff Zodia Markets is planning to expand into Abu Dhabi next year, making the emirate its first…
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