Jim Esposito, co-head of Goldman Sachs’ global banking and markets division, plans to retire after almost three decades at the bank, according to a memo seen by Reuters on Monday.
A top U.S. bank regulator will on Monday propose new regulations for bank mergers and acquisitions (M&A) in a bid to increase transparency around the process, while ensuring some deals do not slide through automatically without sufficient scrutiny.
Asset manager GLP Capital Partners said on Monday it had partnered with a global institutional investor in raising 10 billion Chinese yuan ($1.4 billion) for its China Income Fund XII, which would own 25 logistics and business parks in China.
European banks’ run of soaring profits and record shareholder payouts faces a big test this week when investors assess how fast the boost from higher interest rates is fading, and if a weak economic outlook will make life tougher.
China plans to merge three of the nation’s biggest bad debt managers into sovereign wealth fund China Investment Corp (CIC) (CIC.UL), state-run Xinhua Finance News reported, as part of a plan to reform financial institutions.
Morgan Stanley’s Executive Chairman James Gorman sold shares of the bank worth roughly $4.4 million on the open market, a regulatory filing showed on Friday.
Bank of America’s bonus pool for investment bankers will range from steady to 3% lower for 2023 under pressure from a slowdown in dealmaking, but star performers will get higher payouts, according to a source familiar with the matter.
India’s Yes Bank said net profit more than quadrupled in the October-December period, helped by a drop in loan-loss provisions and healthy growth in lending, but the result fell short of market expectations.
The holding by a top investor in Deutsche Bank , Douglas Braunstein of Hudson Executive Capital, dropped to 0.92% from 3.18%, according to a filing on Friday.
