U.S. Funded Billion Dollar a Year News Agency Under New Management
Did you know America has its own global and media news service? Did you know it costs Americans over 1 billion dollars each year to operate. The federally funded news service, often…
Arrowstreet, Coatue Management among big hedge funds buying Meta in first quarter
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 Platforms Inc…
Soros Fund Management cut Tesla stake, added Netflix in 1st quarter
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 first…
The Office of Information and Technology Introduces Two New Blanket Purchasing Agreements – Enterprise Small Business And Enterprise Business Management Support Services 2.0
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 (BPAs): Enterprise…
Signature Bank failure due to ‘poor management,’ US FDIC report says
(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 Deposit Insurance…
Chinese lenders focus on risk management amid global banking crisis
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 crisis that…
Nomura names Rudolf Hitsch North Asia head of wealth management
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. Hitsch, former…
US consumer finance chief calls for better risk management at banks, fintechs
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 regulation, the…
Allianz applies to set up new fund management unit in China
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 filed its…
Bank of America to redeploy wealth management, banking employees – source
(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 higher interest…
Analysis-Credit Suisse collapse threatens Switzerland’s wealth management crown
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 question its…
Pentagon’s ‘Strategic Management Plan’ Devotes Roughly One Out Of Every Six Pages To Diversity, Climate Change
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 2026 prioritizes…
Apple to shake up international businesses’ management to focus on India – Bloomberg News
(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. This shift…
BofA promotes Lindsay Hans to lead private wealth management
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 said on…
China refines capital and risk management of commercial banks
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 to better…
Australia’s CBA simplifies financial reporting after sale of wealth management unit
(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 year. The…
U.S. Treasury launches debt limit cash management measures
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. The Treasury…
Trian Fund Management, now pushing for seat at Disney, lost 10.6% in 2022
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 negative 10.6%…
Southwest Airlines reshuffles senior management roles
(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 to cancel…
Maryland Man Sentenced to More Than Six Years in Federal Prison for His Role in a $28 Million Ponzi Scheme Involving “1st Million Dollars” Wealth Management Company
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 supervised release,…
Investment management firm AQR books best year in several strategies
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 said on…
JPMorgan, Citi and BNP invest in risk management provider Acin
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 control specialist…
More top Pitney Bowes shareholders criticize management amid activist pressure
By Svea Herbst-Bayliss NEW YORK (Reuters) – Two more top shareholders in Pitney Bowes Inc are criticizing how management is running the shipping and mailing company, echoing activist investment firm Hestia Capital’s…
BNP Paribas Asset Management heads for the woods with Danish deal
By Virginia Furness LONDON (Reuters) – BNP Paribas Asset Management said on Thursday it had bought a majority stake in a Danish firm specialising in woodland and agricultural investments. The purchase of…
Silicon Valley leaders welcome Elon Musk’s management of Twitter
(Reuters) – Silicon Valley leaders welcomed Elon Musk’s management of Twitter, with Netflix co-founder Reed Hastings going so far as to call the billionaire “the bravest, most creative person on the planet.”…
Former Pain Management Doctor Pleads Guilty to Health Care Fraud
PITTSBURGH – A former physician pleaded guilty today in federal court to a health care fraud charge associated with the pain management practice, Jefferson Pain and Rehabilitation Center, United States Attorney Cindy…
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