Corporate Strategy/Planning
- Finance
Binance CEO eyes restructure to quell regulators’ concerns
Cryptocurrency exchange Binance is to restructure itself around a single centralised business, after regulators voiced concerns that they could not…
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Ex-BlackRock sustainable CIO on how ESG risks turning into a mis-selling scandal
Tariq Fancy was BlackRock’s sustainable investing CIO between 2018 and 2019, and had a unique vantage point into the world’s…
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Energy Vault’s Spac for renewable energy storage hits $1.6bn valuation
Energy Vault is combining with a blank-cheque company to go public in a merger that values the gravity-based energy-storage company at…
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DWS defends its approach to ESG amid greenwashing probe
DWS, the listed German asset manager majority-owned by Deutsche Bank, has defended itself against allegations made by a former employee…
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Deutsche Bank’s asset management arm under US investigation over ESG issues
US authorities are investigating Deutsche Bank’s asset-management arm, DWS Group, after the firm’s former head of sustainability said it overstated…
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Ex-Anchorage hedge fund exec moves to PJT Partners
Investment bank PJT Partners has hired the former US head of restructuring at hedge fund Anchorage Capital Group as a…
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Lloyds hires Barclays exec to lead debt capital markets, securitised product units
Miray Muminoglu has been named the new head of Lloyds Bank’s financial institutions debt capital markets and securitised products group.…
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GM to spend $1 billion to expand Chevy Bolt EV recall to cover newer model years
General Motors Co. late Friday said it would spend $1 billion to expand the recall of Chevy Bolt EVs to…
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Here’s what Vanguard found to be the most potent inflation-fighting asset class
Not all inflation hedges are created equally. Investors certainly have been flocking to Treasury inflation-protected securities, or TIPS, with the…
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Mubadala Capital expands private equity arm with London team
Mubadala Capital, the investment arm of Abu Dhabi-based sovereign wealth manager Mubadala Investment, is preparing to add private-equity professionals to…
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These stocks provide a better way to invest in the electric-vehicle revolution than the car makers themselves
The growth path for the electric vehicle industry seems inevitable. Governments are using incentives to encourage consumers to make the…
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Disney produces best earnings and sales since before pandemic, stock pops 5% higher
The Walt Disney Co. reported its strongest sales and profit since before the COVID-19 pandemic began on Thursday, sending shares…
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There’s an ‘economic need’ to bring employees back to the office, says PwC chair
There’s an “economic need” to bring staff back to the office, chair of PwC Kevin Ellis said, echoing comments made…
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Trading firm Jump plans to take on retail investors’ trades
Jump Trading Group, one of the world’s largest high-frequency trading firms, will launch a unit that executes stock orders for…
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Appian Capital is hoping to unearth an investment winner in a green metals push
Mining is not a terrain private equity normally digs into. Volatile commodity markets and unpredictable returns, along with high capital…
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Fidelity pledges 45% of board roles to be held by women by 2024
Fidelity International pledged to bolster the number of women in senior roles across its business over the next three years…
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Redundancies spike ninefold for senior managers in financial services on back of Brexit
A nine-fold increase in senior manager redundancies at financial services firms is down to Brexit, as UK companies restructured in the…
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The restructuring hiring rush is on, despite a flat market
An injection of private equity cash into the restructuring market via new spin-offs from Deloitte and KPMG has stoked frantic hiring…
Read More » - Tech
AT&T Lifts Revenue Expectations on Wireless Growth
AT&T Inc. said its core telecommunications profits are growing even as its Hollywood footprint is about to shrink, underscoring its…
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Uber’s Freight Unit to Buy Logistics Tech Firm Transplace for $2.25 Billion
Uber Technologies Inc.’s Freight unit is buying technology-focused logistics services provider Transplace in a cash and stock deal worth about…
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Bitcoin looks fraught as an inflation hedge amid selloff
Bitcoin’s steep selloff is undercutting the argument made by the digital currency’s proponents that it’s an inflation hedge. The original…
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10 software stocks with sales expected to increase up to 174% through 2023
Investors looking for bargains in an expensive stock market might be better off focusing on sales growth as an indicator,…
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PwC plans $12bn investment for 100,000 new jobs to boost ESG expertise for clients
Big Four accountancy firm PwC has said it will invest $12bn to create 100,000 new jobs globally over the next…
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FCA to push up headcount amid plans for new offices in Leeds, Belfast and Cardiff
The FCA is set to bolster its regional headcount dramatically with the addition of multiple offices across the UK. The…
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KPMG UK books £115m profit from pensions business sale
KPMG UK made £115m from the sale of its pension business in a private equity-backed management buyout last year, latest accounts…
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‘If the EU is unduly difficult, we may change our approach’: MP Bim Afolami on saving post-Brexit regulation
In the embers of Brexit, a battle for the soul of the City is raging. In one camp are those who believe…
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Oil Companies Are Ordered to Help Cover $7.2 Billion Cleanup Bill in Gulf of Mexico
Some of the world’s largest oil companies have been ordered to pay part of a $7.2 billion tab to retire…
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Inside Lazard’s ‘commando’ dealmaker team and expansion plans: ‘We’re aggressively hiring’
William McRaven was the former head of US special operations who oversaw the raid that led to the death of…
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Elliott’s campaign against Glaxo smacks of sexism — and is doomed to fail
Activist hedge fund Elliott Management is ramping up its campaign against GlaxoSmithKline, outlining management’s flaws in a public letter ahead of the…
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Aviva plans to shrink in order to grow in investment management
What is Aviva going to do about its underperforming Aviva Investors asset management arm, demanded Philip Meadowcroft at the insurance…
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Revolut losses widen as profitability in 2021 hangs in balance
Losses at digital bank Revolut almost doubled to above £200m last year, as the pressures of the pandemic and a…
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Zaoui brothers plan €300m European blank cheque company
Dealmaking brothers Yoël and Michael Zaoui are the latest high-profile bankers to launch a blank cheque company, with plans to list…
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SocGen names Cartier and Fleury as co-heads of global markets
Societe Generale has named two new co-heads of its global markets business, as the French lender looks to turn around the…
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KPMG says Silentnight pensioners were not harmed by its misconduct
A lawyer for KPMG has denied that pensioners from mattress company Silentnight were harmed because of misconduct by one of…
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Central bankers warn aggressive markets to be wary in the wake of Archegos
The recent failure of US-based Archegos Capital Management, a family office that made large, risky bets on a handful of…
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Private equity firm Bridgepoint plans London IPO
Private equity firm Bridgepoint said it plans to undertake an initial public offering on the London Stock Exchange. In a…
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EY financial services unit to add 3,000 jobs in Europe, Middle East, India and Africa
Big Four audit firm EY’s financial services business expects to grow by an additional 3,000 new jobs over the next…
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