Goldman Sachs Buys ETF Provider Neos for $2.3bn
Goldman Sachs has agreed to acquire US ETF provider Neos in a $2.3bn deal, expanding its asset management footprint. The transaction is expected to close in the first half of 2025.
Category : Corporate
Saber denies AI writer swap, confirms AI use in Rideshare
Saber Interactive denies replacing a writer with ChatGPT for Rideshare 'Stimulator' but confirms AI use in its free-ride mode, sparking controversy.
Linklaters Names New Private Capital Leaders
Linklaters appoints new global private capital co-heads, aiming to boost its market presence, according to Financial News.
Whitmore's Brickwood Venture Doubles Profit to £1.2m
Brickwood, the investment firm founded by Ben Whitmore, more than doubled its pre-tax profit to £1.2 million in its latest financial year, driven by strong performance and asset growth.
Citigroup Names Marchal to Lead Corporate Banking in France
Citigroup has promoted Marc Marchal to head its corporate banking operations in France, effective immediately, according to an internal memo.
Ex-HSBC Trading Boss Joins Toscafund
Former HSBC head of equities trading for EMEA has joined Toscafund as a partner, marking a significant hire for the London-based hedge fund.
AB Hires Ex-BlackRock ETF Exec for Global Role
AllianceBernstein appoints former BlackRock ETF leader as global head of ETFs, aiming to expand its $20B ETF business and compete with industry giants.
Citi Hires BNP's Ahmed to Lead UK FIG Deals
Citigroup has appointed BNP Paribas' Ahmed as head of UK financial institutions group (FIG) deals, marking a key strategic hire to bolster its investment banking franchise in the UK.
Citi's Grand Plan: London Banking Strategy
Citigroup unveils a comprehensive plan to expand its London operations, targeting growth in investment banking and wealth management, according to internal memos.
SpaceX Cross-Selling: Banks Face Conflict Challenge
SpaceX demonstrates cross-selling benefits, but big banks must manage conflicts carefully to avoid regulatory pitfalls and client trust erosion.
Invesco CEO Schlossberg's Bold Turnaround Strategy
Invesco CEO Andrew Schlossberg revamps the fund giant, cutting costs and boosting performance. Assets under management rise to $1.7 trillion, with a focus on ETFs and technology.
EA Selling BioWare and Mass Effect Would Be Best News
With EA in billions of debt, a reader argues selling BioWare and Mass Effect could be the franchise's best hope for survival and success.
Balyasny Hires Ex-Deutsche APAC Equities Head
Balyasny Asset Management appoints former Deutsche Bank APAC equities head as new portfolio manager, strengthening its Asia-focused trading team.
BofA promotes 7 in EMEA; Brown Rudnick hires 34
Bank of America promotes seven in EMEA investment banking, while law firm Brown Rudnick poaches 34 lawyers from McDermott Will & Emery.
BofA IB Co-Head Joo Departs After Short Tenure
Bank of America's co-head of investment banking, Joo, is leaving the firm after a brief tenure, according to sources. His departure adds to recent leadership changes at the bank.
EdenTree Challenges Rathbones, CCLA in UK Charity Sector
EdenTree Investment Management plans to enter the UK charity investment sector, challenging Rathbones and CCLA. The firm aims to leverage its ethical investment expertise to attract charity clients, targeting a share of the £3 billion market.
TP ICAP Broking Boost, Cost Cuts Ahead
TP ICAP's broking revenue rose 8% in 2024, driven by strong performance in rates and commodities, while cost savings exceeded targets, boosting profit outlook.
AstraZeneca's non-deal: Soriot must clarify M&A strategy
AstraZeneca's shares fell 9% on reports of a BMS takeover, but talks are off. CEO Soriot must explain his M&A vision, as shareholders question the strategy.
Citigroup CEO Jane Fraser: 'I'm Not Ruthless, But I'm Damn Tough'
Citigroup CEO Jane Fraser defends her radical overhaul, citing progress and a leaner structure, while admitting the bank has 'a long way to go'.
Hedge Funds That Survived AI-Led Bloodbath
Hedge funds using AI-driven strategies faced heavy losses in August, but some managers navigated the turmoil. Here's who came out ahead.
BNP Paribas AM to Merge Funds After AXA IM Deal
BNP Paribas Asset Management will begin merging funds following its acquisition of AXA IM, aiming to streamline operations and enhance efficiency.
Equity Traders Tipped for 30% Bonus Boost
Equity traders at major banks are set for a 30% bonus increase this year, driven by strong market volatility and trading volumes, according to a new industry survey.
Dyavol Spirits Vodka UK Launch
Dyavol Spirits, a new premium vodka brand, launches in the UK, offering a unique blend of tradition and innovation, targeting the growing premium spirits market.
BofA Names Mutasa, van Hooijdonk to Head EMEA Deals
Bank of America has promoted Tafadzwa Mutasa and Marc van Hooijdonk to co-heads of EMEA M&A, effective immediately, as part of a broader leadership reshuffle.
HSBC Signals Bonus Hike as Revenue Jumps 6.5%
HSBC reported a 6.5% rise in annual revenue to $66.1bn, prompting expectations of higher bonuses for staff as profits beat forecasts.
Stock Trading Boom Boosts European Bourses
European bourses saw record trading revenue in 2020 as retail investors flooded markets, with volumes up 40% and profits soaring.
Baillie Gifford worst-selling fund group as £4bn pulled
Baillie Gifford became the UK's worst-selling fund group in 2023 as investors withdrew almost £4 billion, according to data from Calastone.
AstraZeneca Should Stick to Its Winning Formula, Not Mega-Merger
AstraZeneca's CEO Pascal Soriot has a proven strategy of smart licensing and partnerships, so a $400bn BMS merger is baffling and risky, potentially spoiling his legacy.
AstraZeneca in talks to buy Bristol Myers Squibb
AstraZeneca is in talks to acquire Bristol Myers Squibb, creating a near-$400bn pharma group, the world's fourth-largest drugmaker.
Capital One: Trump accounts closed over AML review
Capital One filed to dismiss Trump Organization's lawsuit, citing anti-money-laundering review as reason for closing accounts, marking first formal bank tie of money-laundering concerns to Trump's business.
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