EXCLUSIVE
Goldman Sachs banks $3.4bn for buying real estate fund stakes
The firm’s asset management arm sees a chance to acquire holdings from sellers struggling for liquidity
Citigroup facing new regulatory knock on its living will
FDIC is expected to vote 20 June to escalate concerns over 2021 resolution plan
3 min read
McKinsey boss’s next big consulting project: His own firm
After a turbulent few years, Bob Sternfels talks about revamping the company’s structure and employee development; ‘Not everyone gets an A’
8 min read
New Texas Stock Exchange takes aim at New York’s dominance
The TXSE has raised about $120m to take on NYSE and Nasdaq
4 min read
E*Trade considers kicking meme-stock leader Keith Gill off platform
Morgan Stanley’s trading platform discusses concerns about possible manipulation in GameStop
5 min read
Elon Musk and Jamie Dimon Are Making Peace
After years of feuding, the business titans spoke at an exclusive JPMorgan summit, opening the door to their working together again
5 min read
Bill Ackman eyes IPO of Pershing Square
Rare hedge-fund firm listing aims to capitalise on investor’s record and newfound celebrity
4 min read
The FDIC chair is resigning under a cloud. He’s still in charge
Martin Gruenberg told staff he is prepared to remain for at least several months
4 min read
Blackstone to grant equity to most employees in future US buyouts
Effort follows a broad-based ownership push by KKR and others
3 min read
FDIC chair Martin Gruenberg to resign
Gruenberg plans to stay until successor is confirmed, avoiding scenario that would leave a Republican as acting chairman
8 min read
Dimon led bank CEOs to fend off tougher capital rules
Regulators discuss slashing proposed capital requirements in sign of banks’ increasing clout
5 min read
Binance pledged to thwart suspicious trading — until it involved a Lamborghini-loving high roller
Former company insiders say the firing of an internal investigator showed that the crypto exchange neglected evidence of market manipulation
Wells Fargo hires ex-JPMorgan investment bank boss Fernando Rivas
San Francisco lender is focused on expanding its relatively small investment bank
Paul Weiss scores another top dealmaker in hiring push
Jim Langston is leaving Cleary Gottlieb to join Paul Weiss’s corporate department
Goldman Sachs hires JPMorgan’s co-head of European M&A Woehrn in sponsors push
Goldman has now hired two partners from JPMorgan to tackle private equity M&A work
Regulators restart bid to curb bonus pay on Wall Street
Incentive compensation rules are required by the 2010 Dodd-Frank law but have yet to be put in place
3 min read
PwC looks to shrink new US consulting partner class by more than 50%
The Big Four accounting firm expects to promote fewer advisory personnel to partner in the coming fiscal year amid an industrywide slowdown in demand for some services
3 min read