Citi announced it was departing 13 consumer-banking franchises across Asia and Europe, in keeping with the bank's plans to refocus its efforts on wealth management outside the US. These are the markets it's exiting.
David Gurle is stepping down at the end of May, at which point Brad Levy, Symphony's current president and chief commercial officer will take over. We spoke with Gurle and Levy about the $1.4 billion startup's future plans, including its desire to make acquisitions.
For workers on Wall Street, the perks keep coming. Houlihan Lokey is the latest financial services firm to offer incentives to junior talent, including increased base pay and all-expenses paid vacations. Get the full rundown.
Ferguson, who will retire at the end of April, shared with us his top leadership advice, as well as his feelings about the state of American society, and his own future plans. Read our interview with the TIAA CEO.
The night before submitting a $100 million term sheet, IVP's Tom Loverro received a call from Coinbase CEO Brian Armstrong, who told him Ethereum had crashed. Now, as Coinbase prepares to go public, IVP's stake could be worth as much as $3.33 billion. Get the full rundown here.
Nicholas Bloom, an economics professor at Stanford University, is warning that the future of WFH could be filled with uncertainty. In our exclusive report, he offers advice for corporate America to navigate the turbulence.
Find out about what to expect for the future of proptech from three industry experts. Wells Fargo Strategic Capital's Osei Van Horne, Bain Capital Ventures' Merritt Hummer, and Doma's Max Simkoff share thoughts on what's next for the space. Find out more here.
Goldman Sachs plans to hire up to 300 engineers in its consumer business this year. The strategy comes after a surge of staff exits and senior manager turnover hit the group over the past 12 months. Read more about the hiring plans here.
As Goldman prepares to report first quarter earnings on Wednesday, we asked analysts what they are looking at. From wealth management to trading, these topics are top-of-mind. Click here to read the entire story.
Chicago-based boutique bank William Blair is the latest firm to extend offers to its junior bankers. In an internal memo, executives told employees they'd receive "a special, one-time spot bonus." Read more from the memo.
Retail brokerages like Schwab, TD Ameritrade, and E-Trade offering their customers shares from IPOs is nothing new. But now, two of the largest startup brokerages are looking to open up the IPO market to much smaller investors.
Competition is heating up in the corporate card space, and Ramp is leading the charge with a fresh round of funding led by Stripe. We spoke with the startup's cofounder and CEO, who shared details about the company's latest raise. Here's what he told us.
CoreLogic and Michaels are raising almost $9 billion to fund private-equity buyouts this week. Leveraged buyouts are expected to pick up this year after companies stayed on the sidelines in 2020. Read more here.
Square's Cash App had a massive 2020. Now the payment giant is looking to build on that momentum by hiring for a slew of positions for the personal finance app. Here's a look at what the new roles mean for the company, and the competitors it could be looking to take on.
Hedge fund assets started the year at an all-time high, thanks in part to low interest rates. Now, desperate institutions are replacing low-yielding bonds with hedge funds in their portfolios. Here's what else you need to know.
For the first time ever, Deutsche Bank appointed six firms led by women, people of color, and veterans to lead its $750 million bond. Read more on how appointing minority-led firms promotes equity on Wall Street.
Goldman Sachs sees the auto industry's tech revolution as a big opportunity to win new business. The bank is now bringing together its industrial and tech teams to focus on auto tech deals. Get the full rundown here.
The top people moves across the street, from Carey Halio taking over as Goldman's new head of investor relations to Paul Bodnar being named global head of BlackRock Sustainable Investing. Read them all here.
PIPE, private investments in public equity, is a key piece of funding that SPAC sponsors sometimes rely on to raise extra capital in order to get transactions done. However, bankers and sponsors warn that PIPE funding has started to dry up in recent weeks.
JPMorgan's incoming interns in two key business lines should prepare to head into the office. We've got the scoop on the bank's plans for New York- and London-based interns in its investment-banking and markets divisions. Read more here.
After a busy year, at least 25 Big Law firms are awarding special bonuses to high-performing associates - but many aren't sure it'll be enough to manage burnout. We took a look at what firms are doing to help their workers, and compiled a list of who's announced special bonuses.
The most striking thing about the implosion of Archegos Capital Management, the family office of Tiger Cub Bill Hwang, was not the suddenness of the crash but how innocuous its origins were. Read more here.
Goldman CEO David Solomon has been vocal about bringing employees back to the office as soon as possible. Now the bank is telling interns it plans to hold its summer program in person for everyone who can safely travel to its offices. Find out more here.