securities
- Finance
The Fintech Files: Kraken’s ‘savage’ layoffs, more trouble for crypto hedge funds
Staff at Kraken have become the latest victims of the crypto winter after the US-based exchange announced 1,100 job cuts.…
Read More » - Market
Interactive: Here are the politicians who received money from FTX’s Sam Bankman-Fried
Sam Bankman-Fried opened up his wallet to Washington in a big way during the 2022 election cycle, donating about $40…
Read More » - Finance
Bank of America CEO says dealmaker fees down by up to 60% in fourth quarter
Bank of America chief executive, Brian Moynihan, said that investment banking fees at the bank will slide by up to 60%…
Read More » - Finance
Goldman Sachs CEO David Solomon says banker talent war is ‘as strong as ever’ despite cuts
Goldman Sachs chief executive David Solomon said that the job market for bankers is “surprisingly tight” and that the bank…
Read More » - Finance
Robinhood to offer retirement accounts to users who love long-shot bets on risky assets
Robinhood said on 6 December it will start offering retirement accounts, in a plan to convince the next generation of…
Read More » - Finance
JPMorgan hires Deutsche, UBS and BNP Paribas trio for mid-market push
JPMorgan has hired a trio of dealmakers for a unit that targets deals in the mid-market. Thibaud de Maria has…
Read More » - Finance
Jefferies executives warn staff of ‘difficult’ year for bonuses
Jefferies executives have warned staff that 2022 will be a “difficult compensation season” as investment banks prepare to cut variable…
Read More » - Market
The bear market rally is running out of stream, and it is time to take profits, says Morgan Stanley’s Wilson
The stock market’s bounce off the October lows is running out of room, and it is time to take profits,…
Read More » - Market
This little-known but spot-on economic indicator says recession and lower stock prices are all but certain
An obscure and arcane economic indicator suggests that Federal Reserve Chairman Jerome Powell was wrong when he said at his…
Read More » - Market
10 Dividend Aristocrat stocks expected by analysts to rise up to 54% in 2023
Stocks of companies that raise dividends consistently have outperformed during this year’s bear market. Below is a screen showing which…
Read More » - Finance
Alantra recruits ex-Jupiter HR head as hiring spree continues
Mid-market investment bank Alantra has hired a veteran human resources professional to lead a global recruitment push from London as…
Read More » - Market
Saudi crown prince set to invest in Credit Suisse’s new investment bank
Saudi Arabia’s crown prince and a U.S. private-equity firm run by Barclays PLC’s former chief executive are among investors preparing…
Read More » - Finance
Activist who called for Credit Suisse break-up says latest overhaul isn’t enough
An activist investor who called for Credit Suisse’s break-up five years ago said that the Swiss bank’s new overhaul “barely scratches…
Read More » - Finance
FTX’s bankruptcy triggers global squabbles over ownership and control of crypto firm’s assets
The collapse of cryptocurrency exchange FTX has opened a hornet’s nest of squabbles between foreign governments and its new US chief executive,…
Read More » - 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…
Read More » - Tech
Sam Bankman-Fried Chucks the Crisis Communications Playbook
Sam Bankman-Fried sat for news interviews this week about the collapse of FTX, the cryptocurrency exchange he co-founded and once…
Read More » - Finance
Credit Suisse loses secondary-advisory executive to Baird
One of the most senior secondary private equity bankers at Credit Suisse has left the investment bank, according to several…
Read More » - Finance
Are nontraded funds really the best place to invest?
Congratulations. You’ve worked hard and made some money, and now you have access to a new class of investments. But when the…
Read More » - Finance
Blackstone stops redemptions from real estate fund as stock slides
Blackstone shares took a big hit after the investing giant’s real-estate fund aimed at wealthy individuals said it would limit redemptions.…
Read More » - Finance
Ex-Goldman Sachs MD Adam Iqbal joins Capstone as portfolio manager
Hedge fund Capstone Investment Advisors has hired Goldman Sachs managing director Adam Iqbal to strengthen its portfolio management team. Iqbal,…
Read More » - Finance
FTX’s Sam Bankman-Fried says he didn’t know scale of bad Alameda bets
Sam Bankman-Fried said that he didn’t intend to commit any fraud or use customer funds to back leveraged bets that…
Read More » - Finance
Credit Suisse’s comeback plan hasn’t won over investors yet
Credit Suisse $4.2bn share sale and sweeping restructuring were supposed to regain the market’s confidence. Instead, more investors are betting against the bank.…
Read More » - Finance
Blackstone sells stake in MGM Grand, Mandalay Bay as Las Vegas icons valued at $5.5bn
Blackstone has agreed to sell its 49.9% stake in two Las Vegas hotels in a deal that values the properties at…
Read More » - Market
Home Page – MarketWatch
Lands’ End stock dives after surprise loss and revenue decline, as gross margin contracts and inventories jump Shares of Lands’…
Read More » - Finance
Why overstaffed teams and bad attitudes mean junior banker jobs are under threat
At the height of the 2008 financial crisis when banks fired tens of thousands of staff, junior bankers who were…
Read More » - Finance
TP ICAP registers crypto trading arm with UK regulator
London-based broker TP ICAP has become the latest institutional finance firm to get its crypto offering registered with the Financial…
Read More » - Finance
Pension fund heavyweights plan private markets boost to beat stagflation
Heavyweight pension funds plan to ramp up their exposure to private markets, global equities and thematic investments, as major players seek…
Read More » - Market
The Dow ‘exits’ bear-market territory. Here’s why investors should take it with a grain of salt
After outperforming both the S&P 500 and Nasdaq Composite in November, the Dow Jones Industrial Average has exited bear-market territory,…
Read More » - Finance
Why early Alameda staff quit over Sam Bankman-Fried’s approach to risk
Years before Sam Bankman-Fried’s crypto empire collapsed, a group of employees quit in a power struggle — after becoming concerned about…
Read More » - Finance
Julius Baer hit with £18m fine over Russia dealings
UK regulators fined Swiss private bank Julius Baer more than £18m for improper dealings with Russian companies dating back more…
Read More » - Finance
Jupiter agrees performance fee cut on Chrysalis trust after managers’ payouts slammed
Performance fees charged by the well-known Chrysalis investment trust have been slashed after its managers came under criticism last year for the size…
Read More » - Finance
BNP Paribas eyes move into private credit as leveraged lending dries up
BNP Paribas is eyeing a move into private credit, which could provide an alternative source of funding for major M&A deals as traditional…
Read More » - Finance
Apollo poaches new chief pensions strategist from state government
Connecticut state treasurer Shawn Wooden is joining Apollo Global Management as a partner and chief public pension strategist to help…
Read More » - Finance
UBS veteran Mark Lewisohn departs after 33 years at the Swiss bank
A 33-year veteran of UBS is leaving the bank, in the latest senior departure from its UK dealmaking team. Mark Lewisohn,…
Read More » - Market
CrowdStrike stock drops nearly 20% as elongating sales cycle slows new subscriptions
CrowdStrike Holdings Inc. shares dropped in the extended session Tuesday after the cybersecurity company said new subscriptions came in below expectations…
Read More » - Market
20 dividend stocks with high yields that have become more attractive right now
Income-seeking investors are looking at an opportunity to scoop up shares of real estate investment trusts. Stocks in that asset…
Read More » - Market
Crypto lender BlockFi is suing Sam Bankman-Fried over his shares in Robinhood: report
Just hours after filing for Chapter 11 bankruptcy in New Jersey on Monday, cryptocurrency lender BlockFi filed a lawsuit against…
Read More » - Finance
FTSE Russell launches first crypto-based index series
FTSE Russell has launched its first index series covering the digital asset market. The firm said it had worked with crypto…
Read More » - Finance
BlackRock’s Europe boss: We’re exploring digital assets in Emea
BlackRock, the world’s largest asset manager, has started to assess how the plumbing underpinning the crypto market can be applied…
Read More » - Finance
Bridgepoint mulls $1bn deal for energy investment firm
Bridgepoint Group in London said it is evaluating a possible bid for Energy Capital Partners, commenting after a report that the…
Read More » - Market
Stock market could see ‘fireworks’ through the end of the year as headwinds have ‘flipped,’ Fundstrat’s Tom Lee says
Several headwinds that pummeled the stock market in 2022 have turned into tailwinds, setting the stage for a rally in…
Read More » - Finance
Meet the 21 Goldman Sachs partners to make the cut in Europe
Goldman Sachs has named its largest partner class for eight years and its most diverse ever as the US banking…
Read More » - Finance
Deutsche Bank CEO calls on regulators to loosen rules that ‘structurally disadvantage’ European banks
Deutsche Bank chief executive Christian Sewing has called on politicians and regulators to overhaul rules that “structurally disadvantage” European banks against…
Read More » - Finance
Meet Goldman Sachs’ first Bangladeshi partner as US bank aims to diversify upper ranks
Goldman Sachs promoted a record number of non-whites and women to its elite ranks in its largest partner class for…
Read More » - Market
Crypto firm BlockFi files for Chapter 11 bankruptcy protection in New Jersey
Digital-asset lender BlockFi Inc., a cryptocurrency company that once enjoyed a valuation of $3 billion, has filed for Chapter 11…
Read More » - Finance
Hedge funds shift to decentralised platforms after FTX collapse
Hedge funds are increasingly turning towards private wallets and self-custody after FTX’s collapse showed up the risk of relying on…
Read More » - Finance
Trading Places: RBC’s new Germany sponsor head, Morgan Stanley’s Franck Petitgas steps down, Allen & Overy bolsters team
This week marked Financial News’ celebration of 100 women who made the cut to be on a ranking of Europe’s most…
Read More » - Finance
Hedge funds’ 2 and 20 fee structure is facing challenges, former Bridgewater exec says
As hedge funds battle plunging equity markets, rising inflation, and large outflows, they are set to face another challenge next…
Read More » - Finance
What Carlyle founder David Rubenstein makes of the FTX crash
David Rubenstein co-founded The Carlyle Group in 1987, and it has since become a private equity behemoth with $369bn under…
Read More » - Finance
Asset managers face divided regulation over ESG investing
The political divide over the role that environmental, social and governance factors should play in state pension investments stands to…
Read More »
