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 »SoftBank will make a $ 900 million investment in Pacific biosciences
SoftBank Group Corp. plans to invest $ 900 million in California Inc.’s Pacific Biosciences genetic sequencing company, as the Japanese tech conglomerate steps up a new public equity investment effort. PacBio, as …
Read More »Apollo CEO Leon Black stepped down after reviewing Jeffrey Epstein relationship
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 »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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