Leon Black planned to step down as chief executive of Apollo Global Management Inc., after an independent review expected big payouts to the notorious financier Jeffrey Epstein that it was still considered …
Read More »JPMorgan Profit reserves 42% of bad loans after bank loans
JPMorgan Chase & Co. posted its highest quarterly profit after issuing $ 2.9 billion, which it set to cover individual debts. The bank’s profit rose 42% to $ 12.14 billion, or $ …
Read More »Ant Mules Holding Company with similar regulation to the bank
Siege of jack ma The Ant Group company plans to turn its financial operations into a holding company that can be regulated more like a bank, crippling the development of possibly its …
Read More »Ant demands Ant to return to Payment Services Origins
Photographer: Qilai Shen / Bloomberg Photographer: Qilai Shen / Bloomberg Chinese regulators implemented a series of requirements Ant Group Co., which includes the company returning to its core of being a payment …
Read More »Volatility markets to ‘very close to call’ for Georgia runoff
Rafael Warnock, Kendra and John Ossoff will participate in a rally on December 19 in Garden City, Georgia. Photographer: Colin Douglas Gray / Bloomberg Photographer: Colin Douglas Gray / Bloomberg Investors are …
Read More »Wells Fargo’s earnings hit 56% despite epidemic hit subsidy
Wells Fargo & Company WFC <span>-4.79%</span> Its third-quarter profit fell 56% on Wednesday, though the bank indicated it was prepared for a wave of sour loans. The San Francisco-based lender said it …
Read More »Goldman Sachs third-quarter profit source
Goldman Sachs Group Inc GS -1.55% Of Third quarter profit almost doubled, which is the latest confirmation that even in an epidemic and recession, Wall Street can still make money. Goldman reported …
Read More »Trins wants to merge Nelson Peltz Invesco and Janus Henderson
The asset-management industry has been steadily strengthening for over a decade — but Nelson Peltz feels it is not happening as fast. His company, Trian Fund Management, took a mere 9.9% stake …
Read More »Tries Three Stakes at Invesco, Janus Henderson with Eye on Deals
Shareholder activist Tri Fund Management LP has made big bets in investment firm Invesco Limited And Janus Henderson Group plc and plans to agitate for the deal with the aim of making …
Read More »Goldman Shuffles Consumer Banking, Asset Management Executives
A woman will run a major division in the Goldman Sachs Group Inc. GS -1.13% Making his mark on the bank for the first time in years as Chief Executive David Solomon. …
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