Analysis: Why the banks financing Musk’s Twitter deal are unlikely to be able to help him walk away

An image of Elon Musk is seen on smartphone placed on printed Twitter logos in this picture illustration taken April 28, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Register now for FREE unlimited access to Reuters.com Register Aug 5 (Reuters) – The banks that agreed to finance Elon Musk’s $44 billion acquisition of Twitter Inc (TWTR.N) have a … Read more

Nomura Q1 net profit slumps 96.5% on market headwinds

A Nomura logo is pictured at the Japanese company’s office in the Manhattan borough of New York City, New York, US June 23, 2017. REUTERS/Carlo Allegri/File Photo Register now for FREE unlimited access to Reuters.com Register TOKYO, Aug 3 (Reuters) – Nomura Holdings Inc (8604.T), Japan’s biggest brokerage and investment bank, on Wednesday reported a … Read more

Big Tech in finance? There’s a regulator for that

The logo for Amazon Web Services (AWS) is seen at the SIBOS banking and financial conference in Toronto, Ontario, Canada October 19, 2017. REUTERS/Chris Helgren Register now for FREE unlimited access to Reuters.com Register WASHINGTON, Aug 1 (Reuters Breakingviews) – Technology companies have stormed the heights of consumer finance, but they don’t face the regulation … Read more

Analysis: Wall Street weighs job cuts as deals slide in battered markets

NEW YORK, July 29 (Reuters) – Wall Street bosses are in a bind about whether to cut investment bankers or keep them on staff in hopes of a recovery from a brutal first half. With risks of a recession looming and the Federal Reserve raising rates aggressively to stem inflation, prospects for arranging and financing … Read more

Hong Kong set for billions in inflows from Chinese companies’ listing upgrades

People walk past a screen displaying the Hang Seng stock index outside Hong Kong Exchanges, in Hong Kong, China July 19, 2022. REUTERS/Lam Yik Register now for FREE unlimited access to Reuters.com Register HONG KONG, July 27 (Reuters) – Hong Kong is set to see billions of dollars flowing in from the mainland with more … Read more

Argentina’s economy chief touts spending adjustment to investors

Argentina’s new Economy Minister Silvina Batakis looks on during a news conference at the Economy Ministry, in Buenos Aires, Argentina, July 11, 2022. REUTERS/Agustin Marcarian/File Photo Register now for FREE unlimited access to Reuters.com Register BUENOS AIRES, July 26 (Reuters) – Argentina’s new economy minister told a gathering of investors in the United States on … Read more

Review: Lex Greensill epitomized post-2008 finance

The logo of Greensill Bank is pictured in downtown Bremen, Germany, March 10, 2021. REUTERS/Fabian Bimmer Register now for FREE unlimited access to Reuters.com Register LONDON, July 22 (Reuters Breakingviews) – About a decade ago Daniel Tarullo gave a speech warning of the dangers posed by shadow banking. The law professor and Federal Reserve governor … Read more

Bank data shows US consumer financial health holds up amid rising inflation

A combination file photo shows Wells Fargo, Citigbank, Morgan Stanley, JPMorgan Chase, Bank of America, JPMorgan, and Goldman Sachs from Reuters archive. REUTERS/ Register now for FREE unlimited access to Reuters.com Register NEW YORK, July 19 (Reuters) – Americans’ financial health held up well in the second quarter even as inflation sent gas and grocery … Read more

Bank of America picks ex-Prudential exec for EMEA financial institutions top job

A Bank of America logo is seen in New York City, New York, US January 10, 2017. REUTERS/Stephanie Keith Register now for FREE unlimited access to Reuters.com Register LONDON, July 14 (Reuters) – Bank of America (BAC.N) has promoted former Prudential executive James Gill to lead its financial institutions franchise for Europe, the Middle East … Read more

EXCLUSIVE Barclays seeks entry into China’s $4.3 trillion asset management market -sources

The Barclays logo is seen in front of displayed stock graph in this illustration taken June 21, 2017. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register HONG KONG, July 14 (Reuters) – Barclays (BARC.L) is seeking a Chinese banking partner to set up an asset management joint venture in the country, two … Read more