Sana Commerce Appoints Brian Plackis Cheng as CEO
Sana Commerce appoints Brian Plackis Cheng as CEO to lead AI-powered connected commerce expansion, helping manufacturers navigate complex supply chains.
Category : Corporate
HSBC Corporate Unit Profit Down 12% on Trading Drop
HSBC's corporate and institutional banking division saw pre-tax profit fall 12% in Q1, driven by a decline in trading revenue amid market volatility and lower client activity.
Alarming lack of private credit understanding in UK finance
KPMG finds only 14% of financial services leaders fully understand their private credit exposure, with 75% calling it a risk to UK stability.
Challenger Banks Loan Growth Halved in 2025
Challenger banks reach an inflection point as loan growth halves to 4.5% in 2025, while deposit growth slows and cost efficiencies improve, according to EY report.
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Cleary Gottlieb Resists Big Law Salary Frenzy
Cleary Gottlieb pushes back against the Big Law pay frenzy, opting for a strategic compensation model that prioritizes long-term stability over short-term salary hikes.
Gordon Ramsay to Rival Brooklyn Beckham with Hot Sauce
Gordon Ramsay reportedly trademarks 'Hotter Than Hell' hot sauce, potentially competing with Brooklyn Beckham's Cloud23 brand amid ongoing family feud.
RWS Acquires AI Platform Obviously for £40m
RWS Holdings agrees to buy UK AI company Obviously for £40m, aiming to become a technology-first business and expand IP management offerings.
GameStop Offers $55.5B for eBay, Warns of Hostile Bid
GameStop has made a $55.5 billion unsolicited takeover offer for eBay, with CEO Ryan Cohen warning the bid could turn hostile if rejected. Cohen claims he can transform eBay into a competitor to Amazon.
Blackstone, Saudi Fund Get £4m from Morrisons Stores
Blackstone and Saudi sovereign wealth fund earned £4m in dividends from four Morrisons stores bought in a 2023 sale and leaseback deal, with rents rising 11.2%.
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GameStop Offers $55.5B to Buy eBay to Rival Amazon
GameStop has made an unsolicited $55.5 billion offer to buy eBay, aiming to compete with Amazon. The deal would use cash, debt, and cost cuts, but raises concerns about debt and job losses.
Gamestop Bids $56bn for Ebay to Challenge Amazon
Gamestop has made an unsolicited $56bn bid for Ebay at $125 per share, aiming to create a stronger competitor to Amazon. CEO Ryan Cohen offers to work without salary and cut $2bn in costs.
Jain Global's Millennium Deal Ends Challengers
Jain Global's acquisition of Millennium marks a turning point, signaling the decline of smaller challenger firms in the financial sector.
Exxon, Chevron Q1 Profits Drop Despite High Oil Prices
Exxon Mobil and Chevron reported Q1 profit drops of 46% and 37% despite soaring oil prices, due to Middle East supply disruptions and timing effects.
Capcom Should Reboot Maximo: Ghosts To Glory
A reader urges Capcom to revive the Ghosts 'N Goblins spin-off Maximo, praising the publisher's risk-taking and hoping for a modern reboot with adjusted difficulty.
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Gun Demand Surges After Bondi Attack Despite Buyback Plan
Australia's gun buyback plan faces resistance as states reject participation and gun licence applications surge, raising questions about the effectiveness of the response to the Bondi attack.
FCA Faces Four Lawsuits Over £9.1bn Compensation Scheme
The UK's Financial Conduct Authority is defending four legal challenges against its £9.1bn compensation scheme for motor finance victims, creating fresh uncertainty for millions.
Czech Energy Group Hints at Joint Bid for British Steel and SSUK
Sev.en Global Investments suggests combining British Steel and SSUK under a single buyer, potentially creating the UK's largest steelmaker, with plans for major investment.
Lazard CEO: M&A Driven by Strong Forces Despite Conflict
Lazard CEO Peter Orszag highlights robust M&A momentum driven by transformative forces like AI and energy transition, despite geopolitical tensions in the Middle East.
FN Journalist Wins State Street Award for LSEG Coverage
A Financial News journalist received recognition for outstanding reporting on London Stock Exchange Group at the State Street award ceremony.
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Santander TSB Takeover: UK Banking Leaders Ranked
Santander completes its £3bn TSB takeover, reshaping UK retail banking. We rank the top players, from Lloyds to Nationwide and beyond.
Weil Expands Secondaries Team with Freshfields Hire
Weil, Gotshal & Manges has hired a private capital partner from Freshfields to bolster its secondaries practice, signaling continued growth in the secondary market.
Peach Farm to Hedge Fund: Palinuro's Story
Alfonso Peccatiello, founder of Palinuro, shares his remarkable journey from working on a peach farm to launching a successful hedge fund, highlighting key lessons learned.
NatWest Faces £140m Hit from Iran Conflict
NatWest braces for £140m losses due to Iran war impact, as UK economic growth slows and inflation rises amid global tensions.
Pension Schemes Bill: Voluntary Investment Better Than Mandation
Duncan Johnson argues that self-regulation, not mandation, is key to boosting pension fund investment in UK venture capital, citing the Mansion House Accord's success.
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Senior Hires at Citi and A&O Shearman's First EU Chair
Citi and A&O Shearman announce key senior appointments, signaling strategic moves in finance and legal sectors amid evolving market conditions.
Dubai Quant Firm NDAs Stop Staff Naming Employer
A Dubai-based quantitative trading firm is using non-disclosure agreements to stop employees from revealing their employer's name, raising concerns about transparency.
Why Your Favorite Brands Are Failing: Private Equity
Smaller portions, higher prices, worse service. It's not just inflation. Private equity is reshaping brands into fast-return investments, affecting everything from restaurants to vets.
Advisers and Investors Clash Over Wealth Deal Terms
Wealth managers and investors are increasingly at odds over deal terms, as advisers push for more favorable conditions in a competitive market.
LIV Golf Hires Restructuring Experts as PIF Ends Funding
LIV Golf has hired restructuring specialists as Saudi Arabia's Public Investment Fund halts its investment, seeking new partners to ensure the league's future.
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Edinburgh Worldwide Concedes to Saba Capital
Edinburgh Worldwide Investment Trust admits defeat to Saba Capital, expecting Saba-backed nominees to win board control after a 17-month battle, sparking industry concern.
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