securities
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HSBC exec suspended for ESG comments brought ‘dose of honesty’ to debate, ex-BlackRock sustainable investing chief says
HSBC Asset Management responsible investing head Stuart Kirk caused an uproar when he branded climate warnings from environmental “nut jobs” as false, leading…
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Suspect in Goldman Sachs employee shooting arrested
A suspect has been arrested in the unprovoked shooting of Daniel Enriquez on a Manhattan-bound Q train. Andrew Abdullah, 25,…
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The SEC’s proposals for private equity: Where next?
US regulators’ planned private-equity overhaul has received rave reviews from most institutional investors. But some still see a few rough…
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KKR continues Asia push as PE giant closes new credit fund
KKR said 25 May that it has closed a new credit fund focused on the Asia market, as the New York-listed investment…
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Wendy’s Shares Jump 17% On Potential Acquisition by Trian
By Denny Jacob Wendy’s Co. shares jumped 17% to $19.08 in after-hours trading Tuesday after its largest shareholder said it…
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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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Even a recession wouldn’t cure inflation, former Obama adviser says
There’s increasing talk that the Federal Reserve’s interest rate hikes will cause a U.S. recession next year, but even a…
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Nomura eyes 15 tech dealmaker hires as march on Wall Street gathers pace
Nomura is building a team of up to 15 senior dealmakers to tackle the digital and software sectors, part of…
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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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Shooter of Goldman Sachs researcher still at large as police hunt suspect
Police are still searching for the man who shot dead a Goldman Sachs staffer on the New York subway on…
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Dow climbs 600 points, S&P 500 pulls away from bear-market territory on relief rally
U.S. stocks were up sharply and not far from session highs Monday afternoon, bouncing back from the longest stretch of…
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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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Philadelphia reinstates face-mask mandate for students and teachers, and WHO head warns pandemic ‘most certainly not over’
Philadelphia has reinstated a face-mask mandate for students and teachers that comes into effect Monday, in its latest move to…
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Jefferies poaches Barclays’ Lambert as European dealmaker hiring spree continues
Jefferies has hired a senior Barclays dealmaker to bolster its coverage of the consumer and retail sectors in Europe. The…
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Stock futures gain as Wall Street looks to snap 8-week losing streak
U.S. stock-index futures gained late Sunday, after Wall Street last week sank to is longest losing streak since 1932. Dow…
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Elon Musk called ESG a scam — did the Tesla chief do investors a favor?
Investing usually uses a combination of head, heart and gut even if it’s not supposed to. And perhaps no market…
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Buy the dip or sell the ‘rip’?: What’s ahead for stock investors as ‘sticky’ inflation fears heighten consumer concern
Investors, already grappling with a sinking stock market and fears that the U.S. economy may be heading for a recession,…
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Watch out if you’re male, over 45, and think you know about investing
The stock market’s recent weakness could be particularly hazardous to your wealth if you’re male, above the age of 45,…
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Here’s the real reason the stock market is coming unglued — and it isn’t because of weak earnings
An earnings recession is not the biggest threat facing the stock market right now. That may seem a curious assertion…
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The S&P 500 is trading in bear-market territory. Here’s how long they last.
The S&P 500 index on Friday traded below the threshold that will mark a bear market if losses hold through…
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Tesla Loses Top Spot in Cathie Wood’s Flagship Fund. This Stock Is the New No. 1.
Cathie Wood Courtesy of ARK ARK Invest founder Cathie Wood is a long-time Tesla bull. Her 2026 price target for…
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Trading Places: Credit Suisse nabs Barclays’ Moreno, Jefferies hires Lambert, SocGen’s Oudéa to step down
It was a tough week for Barclays. Credit Suisse poached Nacho Moreno, the head of investment banking at Barclays in Spain,…
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Selloff puts S&P 500 on bear market’s doorstep. Here’s how long they tend to last.
History shows that when the S&P 500 enters a bear market, it tends to stay awhile. Back-to-back drops left the…
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Credit Suisse hires Barclays’ Nacho Moreno to head Spain and Portugal dealmaking
Credit Suisse has poached the head of investment banking at Barclays in Spain, the latest senior hire at the Swiss…
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City influencers celebrate Financial News’ 25th anniversary
Some of the highest-profile names in the City gathered to mark 25 years of Financial News on 17 May. From…
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How inflation could help us save money — and the planet
Inflation has many Americans worrying — a jump in prices of groceries and gas means paying more for fewer items,…
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The private equity industry keeps rolling in Ukraine
In war-torn Ukraine, private equity houses are still doing deals. Despite the uncertainty caused by Russia’s invasion, new data shows…
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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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U.S. stocks mostly lower after worst day for equities in nearly two years
U.S. stocks extended their slump on Thursday, following the worst slide in close to two years for the S&P 500…
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Goldman Sachs adds 350 bankers in Europe as Brexit plans rolled out
Goldman Sachs bolstered its EU operations by 350 staff last year, as major investment banks face increasing pressure to shift staff to…
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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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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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Citi’s new Malaga hub attracts 3,000 applicants, including ex-footballers and Olympians
Citigroup received over 3,000 applications for its new graduate programme in the Spanish city of Malaga — a sign the bank’s…
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A ‘summer of pain’? The Nasdaq Composite could plunge 75% from peak, S&P 500 skid 45% from its top, warns Guggenheim’s Scott Minerd.
The carnage playing out in the U.S. stock market on Wednesday is likely an amuse-bouche compared with the devastation on…
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Why are stocks falling? Fragile ‘bear market’ bounce gives way to stagflation jitters
Is that all there is? U.S. stocks were back on the downswing in a big way Wednesday, ,more than erasing…
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Why are stocks falling? Fragile ‘bear market’ bounce underlines investor jitters
Is that all there is? U.S. stocks were back on the downswing in a big way Wednesday, underlining warnings from…
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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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Meet the 24-year-old who quit hedge fund Citadel to get rich in blockchain network Terra. Two months later, ‘there is no Terra anymore’
At the start of 2022, Neel Somani was a quantitative research analyst working at Citadel, billionaire Ken Griffin’s powerhouse hedge-fund…
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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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Which of Buffett’s bank stocks might make you the most money?
This is the time of the quarter when investors get to see what changes Warren Buffett and the management team…
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Private equity’s newest target: Your pension fund
Buyout bosses are eyeing up a vast pool of potential capital in the pensions sector. They are hoping to gain…
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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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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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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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Goldman Sachs reports fewer Black leaders in US offices
The number of senior Black employees at Goldman Sachs in the US shrunk last year, as large investment banks face challenges to…
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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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Citigroup launches new VC and family office team with Tobi Ali at the helm
Citigroup is launching a new team of dealmakers to focus on venture capital firms and family offices, the latest appointment…
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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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SEC chair Gary Gensler says crypto assets are securities and thus ‘core to our remit’
Securities and Exchange Commission chair Gary Gensler said that crypto assets count as a “security contract”, which falls under the…
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