Tag: Financial Services

Goldman Sachs  will cut staff it considers to be underperforming starting as soon as next month, the Financial Times reported, citing people familiar with the plans.

Goldman Sachs said Monday that it agreed to sell its personal financial management unit to a competitor named Creative Planning

NN Group reported a rise in its operating result for the first half of 2023 and said it remains on track to meet its financial targets for 2025.

UBS on Friday said that it has ended a 9 billion Swiss franc ($10.27 billion) loss protection agreement and a 100 billion Swiss franc publicly liquidity backstop that were put in place by the Swiss government when it took over rival Credit Suisse in March.

Societe Generale, France’s third-biggest listed bank, has reached a settlement with U.S. securities regulators amid a probe over the use of messaging platforms, the lender said in its first half financial report released on Thursday.

Private equity firm Carlyle Group Inc (CG.O) reported on Wednesday that its second quarter distributable earnings fell 26% year-on-year due to a slump in asset sales, although the result still exceeded analyst expectations.

Κομβική η θετική επίδραση από την πώληση της συμμετοχής στην ATTICA. Τα έσοδα ήταν 3,8 εκατ. ευρώ και τα EBITDA αρνητικά κατά 243 χιλιάδες ευρώ.

Stock trading platform eToro agreed to a $120 million secondary share sale, giving the company a slightly lower valuation than the $3.5 billion it was valued at in a primary funding round earlier this year.

A continued recovery in international travel—and spending—drove Visa to a better-than-expected quarter. The credit-card company’s earnings, disclosed Tuesday afternoon, beat Wall Street estimates but growth in payments volume slowed from recent quarters.

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A fifth straight quarter of record revenue and an earnings beat hasn’t been enough to keep shares in American Express AXP –0.01% afloat on Friday. The card issuer has seen a slowdown in activity and continues to brace for debt struggles among customers.

Blackstone Inc. has become the first private equity firm to manage $1 trillion, an accomplishment tempered by a dealmaking slump that weighed on second-quarter results.

Ally Financial’s profit declined in the second quarter on flat revenue, but its adjusted earnings were higher than analysts had expected.

Wells Fargo topped Wall Street estimates on the top and bottom lines for the second quarter.

Fidelity National Information Services FIS +3.10% agreed to sell a majority stake in its payments-provider business Worldpay Group to private-equity firm GTCR. The transaction values Worldpay at an upfront valuation of $17.5 billion.

Berkshire Hathaway bought 2.1 million shares of Occidental Petroleum OXY in recent days, lifting its stake in the big energy company to just over 25%, according to a filing late Wednesday.

PayPal Holdings PYPL announced a deal in which KKR-managed funds and accounts will purchase up to €40 billion of buy now, pay later loan receivables originated in Europe, which should allow for the repurchase of more stock this year by the payments company.

Berkshire Hathaway has boosted its stakes in five Japanese trading companies to an average of 8.5% and Berkshire said it hopes to increase those interests to 9.9%.

Zepz, the owner of money transfer firms WorldRemit and Sendwave, is on the hunt for mergers and acquisitions after cutting 26% of its workforce last month, the company’s CEO told CNBC.

After big stock rallies in shares of Tesla and Nvidia, Cathie Wood’s ARK Invest is taking some profits.

High-growth investor Cathie Wood is increasing her fund’s stake in Coinbase COIN after the crypto exchange was sued by the Securities and Exchange Commission this week.