Mark Bezos, brother of Amazon’s Jeff Bezos, and David Moross will become investors in Azimut Holding as the Italian asset manager raises its stake in their private equity firm HighPost Capital, Azimut said on Tuesday.
Goldman Sachs’ third-quarter profit dropped less than expected as a nascent recovery in dealmaking offset the $864 million writedown related to its GreenSky fintech business and real estate investments.
Bank of America reported unrealized losses of $131.6 billion on securities held until maturity in the third quarter, growing from nearly $106 billion in paper losses in the second quarter.
Bank of America beat Wall Street estimates for quarterly profit on Tuesday as it joined rivals in earning more from interest payments, while benefiting from a better-than-expected performance of its investment banking and trading divisions.
Bank of New York Mellon Corp beat Wall Street estimates for third-quarter profit on Tuesday, as rate hikes by the U.S. Federal Reserve bolstered the lender’s income from loans.
Two executives who helped make recommendations in some of America’s biggest proxy contests and contested mergers left BlackRock and Institutional Shareholder Services (ISS) to lead a new governance unit at Longacre Square Partners, people familiar with the moves said.
Global banking regulators on Tuesday proposed a standardised format for major banks to disclose their holdings of cryptoassets from January 2025 to support “market discipline” by giving a complete picture to investors.
Former Odey Asset Management (OAM) portfolio manager James Hanbury has taken short positions against private equity, which will likely struggle to finance and refinance deals as company valuations fall and rates rise, a letter seen by Reuters said.
