Black sees Apollo doubling assets to $600 billion in five years
Leon Black, co-founder of Apollo Global Management Inc., said the firm is on course to almost double its assets under management to $600 billion in five years. The target “does not represent the end... To view the full story, click the title link......»»
In an industry disrupted by technology, this banking CEO still sees service as king
Malcolm Holland is Chairman, CEO and President of Dallas-based Veritex Community Bank. Veritex has acquired seven banks in 10 years, with its most recent merger with Green Bank more than doubling its size in employees, assets and branch locations......»»
Popularity rises among Boston"s few donor-advised funds
In 2016, the most recent year for which data is available, U.S. donor-advised funds reached $85 billion in assets under management, nearly doubling the total from just four years earlier......»»
RiverVest Venture Partners closes on new $275M investment fund
The fund, RiverVest Venture Fund V LP, is its largest-ever and brings RiverVest’s total assets under management to more than $1.6 billion, a figure that has grown rapidly in recent years......»»
Homeownership grant seeks to boost Black home buying
TOWN SQUARE | The grant is part of Chase’s $30 billion Path Forward commitment to help close the racial wealth gap. The goal is to help an additional 40,000 Black and Latino families become homeowners over the next five years......»»
Pandemic sees Uber "deliver" the goods in one business, but has another stuck in reverse
Uber is doubling down on its delivery business as the ridesharing platform's gross delivery booking revenue surged 130 percent to $10.1 billion in the fourth quarter, while its gross mobility booking revenue declined 47 percent to $6.78 billion. .....»»
Central Pacific Bank sees strong Q4 with gains in net income
CPB’s end-of-year total assets of $6.59 billion went up by $581.9 million, or 9.7% from that of 2019......»»
Toyota sees 80% profit drop as virus wipes $14 billion off car sales
Toyota Motor Corp said on Tuesday it expects profit to drop by 80% to its lowest in nine years, as Japan's biggest automaker grapples with the impact of the novel coronavirus which has sapped global demand for vehicles......»»
Chicago investment advisor launches in Atlanta
Cresset, founded less than three years ago, claims more than $6 billion in assets under management......»»
Chicago-based investment advisor launches in Atlanta with trio of local hires
Cresset, founded less than three years ago, claims more than $6 billion in assets under management......»»
JPMorgan upgrades Cabot to Overweight, sees shares doubling in three years
See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»
SoftBank to raise $41 billion to expand share buyback, cut debt
SoftBank Group Corp said on Monday it is selling or monetizing up to 4.5 trillion yen ($41 billion) in assets to buy back 2 trillion yen of its shares and reduce debt, sending its stock soaring to its biggest daily gain in nearly 12 years......»»
40 deals in four years: Raleigh"s Captrust closes on $5.5B firm
Raleigh’s Captrust just closed its 40th deal since 2016 – buying an Alabama-based firm with $5.5 billion in assets.....»»
CDPQ posts a 10.4% annualized return in 2019 and 8.1% over five years
CDPQ's portfolio produced $106 billion over five years and depositors' net assets reached $340 billion MONTRÉAL, Feb. 20, 202.....»»
HSBC to slash investment bank, 35,000 jobs in strategy overhaul
HSBC Holdings PLC said on Tuesday it would shed $100 billion in assets, shrink its investment bank and revamp its U.S. and European businesses in a drastic overhaul that will mean 35,000 jobs cut over three years......»»
HSBC to slash 35,000 jobs after profits fall
HSBC said on Tuesday it would shed $100 billion in assets, slashing the size of its investment bank and revamping its U.S. and European businesses - in a drastic overhaul that will mean 35,000 jobs cut over three years......»»
The Wall Street Journal: HSBC to cut 35,000 jobs as part of plan to scale back operations
HSBC Holdings PLC said it would cut 35,000 jobs and $100 billion in assets in the next three years as it scales back its operations in the U.S., mainland Europe and its investment bank......»»
HSBC to shed assets worth $100 billion and slash 35,000 jobs over three years
HSBC Holdings said on Tuesday it would shed $100 billion in assets, slashing the size of its investment bank and revamping its U.S. and European businesses - in a drastic overhaul that will mean 35,000 jobs cut over three years......»»
HSBC sets new cost cutting, earnings targets after 2019 profit falls 33%
HSBC Holdings PLC on Tuesday unveiled plans to cut $100 billion in assets, slash its investment bank and restructure in the United States and Europe, as it launched its biggest overhaul in years in a bid to improve returns......»»
The Tell: Rental properties are a ‘terrible investment,’ says fintech company with $22 billion in assets under management
A decade ago, John Paulson, coming off the absolute fortune he had made a few years .....»»
Black Friday Sees Record Sales, Still Less Than 11% Of China"s Singles Day
The online sales on Black Friday hit a record of $7.4 billion this year, according to the 2019 Holiday Shopping Trends report by Adobe Inc (NASDAQ: ADBE). 0 read more.....»»