Wsjfinance
Dealmaking Is Looking Up as Companies Stop Waiting Out the Fed
Borrowers are getting on with things as rates are set to remain high for longer
How Bank of America ignores its own rules to prevent dangerous workloads
Death of a former Green Beret sparks outcry about the all-nighters and 100-hour weeks that grind down young investment bankers
11 min read
Biggest banks can withstand severe downturn, $685bn in losses, US Fed says
Latest stress tests find banks remained above minimum capital requirements
3 min read
The clock is ticking on Jane Fraser’s Citigroup turnaround
The CEO has called this a critical year for the troubled banking giant, after two decades of half-measures and strategic missteps
11 min read
Regulators cite big banks including Goldman Sachs and JPMorgan over living wills
Federal Reserve and FDIC say banks need to improve emergency plans to reorganise in bankruptcy
2 min read
Inside Citigroup’s most mysterious business
An investor day on 18 June will highlight the hidden value of its financial pipes
4 min read
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
Midsize companies are big business for Wall Street’s megabanks
With fewer large deals, banks including JPMorgan are earning more fees from smaller outfits
4 min read
Fisher Investments strikes deal with Advent
Private equity investor plans to take minority stake in firm known for its ubiquitous advertisements
2 min read
The hottest investment for hedge funds is other hedge funds
Big firms like Millennium are so flush with cash they’re outsourcing it to other firms
4 min read
The case against Elon Musk’s $46bn pay deal
Tesla’s board is asking shareholders to approve a substantial dilution of their stakes for no good reason
4 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
Bill Ackman eyes IPO of Pershing Square
Rare hedge-fund firm listing aims to capitalise on investor’s record and newfound celebrity
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
Blackstone to grant equity to most employees in future US buyouts
Effort follows a broad-based ownership push by KKR and others
Jamie Dimon says his retirement is getting closer. Finally
JPMorgan chief executive says his timeline ‘isn’t five years anymore’
4 min read
FDIC Chairman 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
Vanguard names former BlackRock executive as CEO
Salim Ramji led BlackRock’s ETF business and left in January
2 min read
Fund manager Bill Hwang’s Archegos was a ‘house of cards,’ prosecutor tells jury
Hwang, on trial for fraud and racketeering related to his firm’s meltdown, maintains his trading practices were lawful
4 min read
How Did Jim Simons’s firm make $100bn? He told his secrets to our reporter
The huge gains came both from groundbreaking insights and lots of small innovations. Being way out on Long Island didn’t hurt either.
5 min read