ZURICH (Reuters) -UBS will announce further changes to its management as it seeks to integrate Credit Suisse following the recent takeover of its former rival, the Swiss bank’s chief executive…
By Saeed Azhar NEW YORK (Reuters) -The head of healthcare investing at Goldman Sachs Asset Management, Jo Natauri, will leave the company at the end of the year to pursue…
(Reuters) – Alibaba Group said on Tuesday its CEO and chairman Daniel Zhang will step down from those roles to focus on its cloud division as the Chinese e-commerce giant…
NEW YORK (Reuters) – Morgan Stanley CEO James Gorman said the bank could look for more deals in asset management. “I could see us doing deals in asset management and…
By David Randall NEW YORK (Reuters) – Prominent hedge funds including Arrowstreet Capital LLC, D1 Capital Partners and Coatue Management LLC were among the investors that bought shares of Meta…
By David Randall NEW YORK (Reuters) – Soros Fund Management, the family office of billionaire George Soros, slashed its stakes in electric vehicle makers Tesla Inc and Rivian Automotive in…
The Office of Information and Technology (OIT) is proud to announce two new contracting opportunities, including initiatives that support small businesses. We will award two new multiple-award Blanket Purchase Agreements…
(Reuters) – Last month’s failure of New York-based Signature Bank was caused by “poor management” and a pursuit of “rapid, unrestrained growth” with little regard for risk management, the Federal…
BEIJING (Reuters) – China’s top lenders should enhance risk management practices and be more sensitive to macroeconomic fluctuations, senior Chinese banking officials said, in response to a global banking sector…
HONG KONG (Reuters) – Japanese investment bank Nomura Holdings Inc on Monday said it has appointed Dr. Rudolf Hitsch as head of North Asia for its international wealth management business.…
By Nupur Anand and Tatiana Bautzer (Reuters) – The recent failures of mid-size U.S. lenders show the need for more robust risk management at banks and fintechs, along with improved…
By Selena Li HONG KONG (Reuters) – Allianz Global Investors (AllianzGI) has become the latest foreign asset manager to seek Beijing’s approval to expand in the world’s second-largest economy. AllianzGI…
(Reuters) – Bank of America Corp is redeploying employees in wealth management and lending to other roles within the company, a source familiar with the matter said on Friday, as…
By John Revill ZURICH (Reuters) – The fall of Credit Suisse has dealt a serious blow to Switzerland’s credentials as the world’s leading wealth management centre, experts warn, calling into…
Pentagon’s ‘Strategic Management Plan’ Devotes Roughly One Out Of Every Six Pages To Diversity, Climate Change Micaela Burrow on March 14, 2023 The Pentagon’s Strategic Management Plan for 2022 to…
(Reuters) – Apple Inc is reshuffling management of its international businesses to put a bigger focus on India, Bloomberg News reported on Wednesday citing people with knowledge of the matter.…
By Lananh Nguyen and Nupur Anand NEW YORK (Reuters) – Bank of America Corp promoted Lindsay Hans to lead its Merrill Private Wealth Management, international and institutional groups, the company…
BEIJING (Reuters) – China’s banking regulator and the central bank plan to adopt a more differentiated regulatory system for assessing commercial banks’ capital adequacy and risk management, in a step…
(Reuters) – Commonwealth Bank of Australia said on Monday it will simplify its financial reporting in upcoming half-year fiscal results to reflect the sale of its wealth management business last…
WASHINGTON (Reuters) – The U.S. Treasury Department on Thursday began using extraordinary cash management measures to continue borrowing under the federal debt limit, Treasury Secretary Janet Yellen told congressional leaders.…
By Svea Herbst-Bayliss NEW YORK (Reuters) – Trian Fund Management, the activist investment firm currently pushing for changes plus a board seat at Walt Disney Co, posted a return of…
(Reuters) – Southwest Airlines Co said on Monday it made leadership changes across several departments in a bid to strengthen operations amid a recent technology meltdown that forced the carrier…
Greenbelt, Maryland – U.S. District Judge Theodore D. Chuang sentenced Arley Ray Johnson, age 63, of Bowie, Maryland, yesterday to 78 months in federal prison, followed by three years of…
By Nell Mackenzie (Reuters) – Investment management firm AQR’s Absolute Return Strategy in 2022 saw its best year since its inception since 1998, a source with knowledge of the matter…
By Andres Gonzalez LONDON (Reuters) – A group of five banks including JPMorgan, Citi and BNP Paribas are among the investors who backed an overall $24 million fundraising for risk…