Management
- Finance
Bank of America CEO Brian Moynihan: ESG transition is a ‘big business opportunity’
Bank of America chief executive, Brian Moynihan, says that the ESG transition is a “big business opportunity” for the bank…
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Why bonuses tied to ESG could leave a ‘sour taste’ in the City
More City workers face bonus cuts for failing to meet environmental, social and governance goals, but recruiters and employment lawyers warn…
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Glass Lewis urges DWS shareholders to vote against CEO pay package
DWS shareholders have been told to vote against the pay package of chief executive Asoka Woehrmann, with influential proxy adviser…
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Cenkos scores five hires to bolster growth
Institutional stockbroker Cenkos has scored five new hires as it looks to grow its corporate finance, sales and research teams. Former head…
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Mark Mobius sees bitcoin plunging to $10k: ‘Buy the dip will not work’
Veteran emerging markets investor Mark Mobius has warned investors not to “buy the dip” following the latest crash in bitcoin’s…
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BNY Mellon fined by SEC over ESG claims
The Securities and Exchange Commission fined the investment management arm of Bank of New York Mellon $1.5m for misleading claims it made…
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Ex-BitMEX CEO sentenced over money laundering compliance failure
Arthur Hayes, a co-founder and former chief executive of cryptocurrency derivatives exchange BitMEX, has been sentenced to serve six months…
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SEC set to probe auditors’ fastest-growing businesses
When the two top executives of a hot electric-vehicle startup made share purchases that later drew scrutiny, they were helped…
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Cannabis investors suffer comedown as high-flying pot funds shrink 45%
The high around cannabis stocks appears to have faded, with funds in the global sector reporting a sharp drop in inflows and woeful…
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Brookfield Asset Management makes £4bn swoop for HomeServe
Brookfield Asset Management has agreed to buy London-listed repair services company HomeServe in a £4bn deal. The Canadian alternative investment giant…
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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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MicroStrategy Won’t Change Bitcoin Plans Despite Recent Declines, New CFO Says
MicroStrategy Inc.’s new chief financial officer on Wednesday said its strategy to buy and hold bitcoin long term won’t change…
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BlackRock, Vanguard could see voting power curbed as lawmakers line up new rules
A group of Republican senators is looking to curtail the power big asset managers like BlackRock and Vanguard have over public companies.…
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Under Armour CEO Patrik Frisk steps down after two-plus years
Under Armour Inc. announced Wednesday afternoon that its chief executive is stepping down, a little more than two years after…
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Societe Generale chief executive Frédéric Oudéa to step down next year
Frédéric Oudéa, chief executive of French bank Societe Generale, is set to step down from the bank next year, calling…
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Schroders eyes some embattled Faangs as tech names approach value stock territory
The sell-off that has wiped more than $1tn from the market value of the world’s technology giants could see some…
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JPMorgan chief Jamie Dimon has $50m bonus rejected by shareholders
JPMorgan Chase shareholders objected to a roughly $50m retention bonus for chief executive Jamie Dimon and voted against the bank’s compensation…
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Meet the man behind the UK sanctions regime
“It feels a little bit like on variety TV shows years ago. You had those people who spin plates, and…
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Allianz subsidiary takes $6bn hit after pleading guilty to securities fraud
One of Allianz’s US investing divisions pleaded guilty and agreed to pay more than $6bn in penalties and restitution for a scheme…
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Schroders’ hunt for climate experts shows newest front in ESG talent war
Asset managers are on the hunt for experts who can help them meet their ambitious net-zero emissions targets — and are willing…
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KPMG fined £14m and ex-partner faces 15-year ban over forging documents in Carillion probe
KPMG is set to receive a £14.4m fine and one of its ex-partners is facing a 15-year ban from the…
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Barclays investment bank vice chair Mark Astaire quits industry after 35 years
Barclays’ vice chairman of investment banking in Europe is leaving the sector after 35 years in the latest change in…
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BlackRock, Franklin and Polar tech funds hit as rout wipes 30% off investor holdings
Some of Europe’s largest technology funds are nursing losses of more than 30% this year, as a brutal sell-off across the sector drags…
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Fund manager M&A frenzy spills into first quarter as global deals reach $18bn
The wave of fund manager M&A that drove global deal numbers to a record high last year has run into 2022, with the…
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Lordstown Motors’ Ability to Stay in Business Hinges on Raising Capital, Valuation, CFO Says
Lordstown Motors Corp.’s ability to stay in business for at least another year remains in doubt until it secures more…
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How Warren Buffett made the stock market selloff work for Berkshire Hathaway
The stock market’s selloff has been bad news for most investors. Not for Warren Buffett and his team. Buffett’s Berkshire…
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Asset managers with £6.5tn sign up to tackle diversity greenwashing
Schroders, Legal & General Investment Management and Aviva Investors are among 15 asset managers that have signed up to a…
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Law firm Ince launches internal inquiry after accusations of ‘inappropriate’ behaviour in Cardiff restaurant
Law firm Ince has launched an investigation after a group of diners — which included its chief executive Adrian Biles —…
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Citigroup names Tom Anderson as chief compliance officer
Citigroup has named Tom Anderson as its new chief compliance officer. Anderson, who currently serves as compliance chief of Citi’s…
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WSJ News Exclusive | Elon Musk’s Belated Disclosure of Twitter Stake Triggers Regulators’ Probes
WASHINGTON—Federal regulators are investigating Elon Musk’s late disclosure last month of his sizable stake in Twitter Inc., TWTR -2.48% according…
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BlackRock downgrades outlook for Chinese assets citing ‘Beijing’s ties to Russia’
BlackRock has downgraded its outlook for Chinese stocks and bonds on the back of weakening growth expectations and geopolitical risks…
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Moderna CFO out after two days in the role as former employer Dentsply discloses probe of financial reporting
Moderna Inc. surprised investors Wednesday with the news that its chief financial officer has departed the company just two days…
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Startup backed by Peter Thiel and Bill Ackman tells companies to stick to making profit and avoid politics
An upstart financial firm backed by Peter Thiel and Bill Ackman has a message for American corporations: Focus on making…
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Bitstamp CEO Julian Sawyer leaves crypto exchange in surprise move after less than 18 months in role
Julian Sawyer who was serving as chief executive at cryptocurrency exchange Bitstamp has left the company effective immediately. In a…
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Are defence stocks ESG? Fund managers are divided
The brutal war being fought in Ukraine has thrown up a dilemma for the world’s fund managers: whether or not defence…
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BP, Shell shareholders warn against ‘meddling’ windfall tax
Bumper profits at Shell and BP have reignited calls for a windfall tax on oil giants to combat soaring energy…
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Eurazeo CEO Virginie Morgon on why she’s pulling ‘all the levers’ on ESG
From the top floor of private equity firm Eurazeo’s headquarters, discreetly tucked away in the chic 17th arrondissement in the…
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Shopify to Buy E-Commerce Fulfillment Specialist Deliverr for $2.1 Billion
Shopify Inc. has agreed to buy U.S. fulfillment specialist Deliverr Inc. for $2.1 billion in a cash-and-stock deal, as the…
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LGIM piles pressure on boardroom diversity and pay
Legal & General Investment Management, the UK’s largest fund management group, ramped up its opposition to companies falling short on…
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Pirc tells Barclays shareholders to vote against pay report
Barclays investors have been urged by a major adviser to oppose the bank’s remuneration policy, raising the prospect of a shareholder…
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Ex-Jupiter board member slams management in scathing open letter
A former board member of FTSE 250 listed asset manager Jupiter wrote a scathing letter to its current chair claiming…
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Hendrik du Toit: Russia sanctions could prove an ‘expensive decision’ for the West
Hendrik du Toit, one of the City’s longest-serving fund management chief executives, has warned that “weaponising finance” to punish Russia…
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Jefferies hires Morgan Stanley’s Richard Gostling to head up business services in Europe
Jefferies has hired a Morgan Stanley dealmaker to head up its coverage of the business services sector in Europe, the…
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Top grads flock to £100k crypto jobs instead of banking: ‘There’s growth in every single direction and almost zero hierarchy’
Forget banking, crypto is now where the talent and money are. Take Pujeet Manot — the sort of hire the…
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Twitter investor slams Elon Musk’s $44bn offer: ‘This is someone who wants to buy himself a toy’
Twitter shareholders are unconvinced that Elon Musk’s $44bn takeover bid is the best possible deal, with some claiming the price offered…
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Coinbase, Ark CEOs on why crypto will boost global GDP
LOS ANGELES — One billion people around the world will use cryptocurrency technology in one way or another by the…
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Elon Musk says he plans to take Twitter public
Elon Musk, who has agreed to take Twitter private in a $44bn deal, has told potential investors he could return…
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Western Digital stock shoots toward best day in two years after activist pushes for business split
Shares of Western Digital Corp. were rocketing in Tuesday trading after Elliott Investment Management issued a call for the chip…
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Coachella for Capitalists: Why bitcoin topped the bill at Berkshire Hathaway’s AGM
It’s been called the Woodstock of Capitalism, Coachella for Capitalists, and a whole lot worse too. What’s for certain is that Berkshire…
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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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