Day: 17 July 2023

Apollo expands to serve wealthy Family Offices

Apollo Global Management Inc., one of the leading buyout firms in the world, is actively expanding its efforts to cater to the investment needs of the ultra-wealthy.

China Evergrande Group reports record $81 billion losses

China Evergrande Group, the world’s most indebted property developer, finally released its much-anticipated financial results, which unveiled staggering losses exceeding $81 billion over the course of two years.

Barclays appoints Dan Grabos to co-lead Americas M&A

Barclays Plc recently revealed its latest leadership change, appointing Dan Grabos as co-head of the mergers and acquisitions (M&A) group in the Americas.

KKR sees departures: Tim Frank, head of UK and Ireland private equity, exits firm

KKR & Co.’s UK and Ireland private equity division leader has resigned from his role a few months after the division’s latest European buyout fund was closed. Tim Franks was previously with Advent International and had also led KKR’s Europe, Middle East, and Africa consumer private equity team. The company’s Benelux business head, Daan Knottenbelt, […]

BlackRock’s profit soars to $9.4tn as assets rise

BlackRock’s second quarter profit surged 27% to $9.4tn as assets under management hit record levels.

Raisin, backed by Goldman Sachs and Deutsche Bank, expects deposits to reach €50 billion

German fintech company Raisin, backed by Goldman Sachs Group Inc, Deutsche Bank AG, and PayPal Holdings Inc, is confident that the withdrawal of cheap central bank funding will drive banks to seek alternative sources, resulting in increased deposits through their platforms.

EY secures major audit contract following UBS-Credit Suisse merger

Reports confirm that EY, one of the Big Four firms, has been chosen as the audit partner for the newly combined UBS-Credit Suisse bank.

LSE earns top place amongst UK universities for best economics degree

When it comes to studying economics in the United Kingdom, there are several prestigious universities that offer exceptional programs.

Citigroup significantly cuts lending to buyout firms

The Wall Street giant Citigroup Inc. has heavily reduced its lending to buyout firms, to improve returns in the market business and to adhere to the strict new capital regulations.