Citigroup Inc. is shutting down most of its consumer banking operations in Asia, Europe and the Middle East, the latest sign that the original financial supermarket is rethinking how to do business. …
Read More »Should I feel sorry for them? No ‘- bankers scoff at Goldman Sachs juniors poll
A stinging presentation leaked by disgruntled Goldman Sachs analysts describing 100-hour weeks, deteriorating mental health and threats to quit smoking has attracted little sympathy from city bankers. After all, the grueling hours …
Read More »Short sellers raise the stakes against SPACs
Short sellers come for the SPACs. Investors betting against stocks are targeting special-purpose takeovers, one of the fastest-growing areas on Wall Street. The dollar value of the bearish bets against SPAC shares …
Read More »Texas grid operator discussed financing with Goldman as power buyers resist payment shortfall
The Texas grid operator has been in talks with financial institutions, including Goldman Sachs Group Inc., about possible financing options to address a deficit of more than $ 3 billion in electricity …
Read More »Goldman Consumer Head Leaves to Lead Walmart Fintech
An executive at Goldman Sachs Group Inc. who helped build its consumer banking business from the ground up is leaving to take on a similar assignment at Walmart Inc. Omer Ismail, a …
Read More »Restaurant software provider toast prepares for IPO
Toast Inc. is planning an initial public offering that could value the restaurant software provider at around $ 20 billion, people familiar with the matter said. Toast turned to Goldman Sachs Group …
Read More »Big Tech employees opened wallets for the Biden campaign
WASHINGTON – Employees of large tech firms were a key source of contributions to Joe Biden’s presidential campaign, recently released campaign finance records show, overshadowing employee donations from traditional Democratic fundraising sources. …
Read More »Melvin Capital lost 53% in January, Gametop and other bets hurt
Melvin Capital Management, a hedge fund that has recently taken the brunt of losses from soaring stock prices, lost 53% in January, according to people familiar with the firm. Melvin was founded …
Read More »The market looks like they are in a bubble. What should investors do now?
For once, everyone seems to agree: the majority of the market feels like it is in a bubble. Many say the valuations have increased because they are at the same level as …
Read More »$ 2.75 billion investment in Melvin Capital Management from Citadel, Point 72
Citadel Fund LLC and Point 72 Asset Management are investing $ 2.75 billion in Citadel Fund Alvin Capital Management, which has been hit hard by a series of small bets to start …
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