How private credit uses covenant-lite borrowing debt
Private Credit Firms’ Pursuit of Leveraged Debt Business Private credit firms are increasingly vying for leveraged debt business from Wall Street, but this pursuit is coming at a steep cost. The safeguards that once made these firms less vulnerable to economic downturns are now being compromised. Processing Content What was once rare in the private […]
Senator probes BNY for more Epstein info
Senator Wyden Seeks Answers from BNY Regarding Epstein Ties Senator Ron Wyden, D-OR, is pressing BNY for more information regarding bank accounts linked to the late financier and convicted sex offender, Jeffrey Epstein. According to Wyden, many of Epstein’s wire transfers exhibited a pattern suggestive of money laundering, but BNY did not report these transactions […]
Goldman surges past estimates, despite Apple Card costs
Goldman Sachs Exceeds Q4 Wall Street Estimates Amid Consumer Banking Challenges Renowned financial powerhouse, Goldman Sachs, has exceeded Wall Street’s Q4 predictions, despite the financial turbulence caused by its failed venture into consumer banking. The company’s net income experienced a 12% year-on-year rise, even as its Platform Solutions unit reported a $1.68 billion loss. CEO […]
How financial advisors plan for a successful parental leave
For financial advisors, parental leave can represent not only a personal milestone, but also a test of professional operational strategy. How well an advisor prepares clients and support staff for their time away can make the difference between strengthening client trust or creating disruption. Processing Content Autumn Knutson, founder and lead financial planner at Styled […]
The hedge funds hiring top bankers for ‘BDE’
The People Business: Monetizing Relationships in Banking Banking is a people business where the distinction between business and social life often fades away, especially at the top levels of the industry. Building strong relationships and having a wide circle of acquaintances can significantly impact one’s career in finance. At the pinnacle of the banking world, […]
On-chain vault services could give banks an on-ramp to crypto markets
On-Chain Vaults: The Future of Banking? The term “vault” often evokes images of security and strength. It’s a place where valuables are securely stored, often within a bank or similar institution. However, a new interpretation of the term is emerging in the world of blockchain and decentralized finance (DeFi) that could potentially reshape the future […]
Vice President Trade Finance Banking
For those seeking a challenging yet rewarding role in the financial sector, becoming a Supply Chain Finance Specialist/Relationship Manager may be a perfect fit. This versatile role in international banking involves two main areas of responsibility: (i) managing and facilitating Supply Chain Finance transactions, and (ii) establishing and maintaining corporate relationships with clients using trade […]
Portage takes over fintech investments from Point72 Ventures
Point72 Ventures Transfers Management of Fintech Investments to Portage Point72 Ventures, the venture capital arm of billionaire Steven Cohen’s investment firm, has announced the transfer of a portion of its fintech portfolio to Portage, a fintech investment firm. This move is seen by industry analysts as a response to the declining potential for successful exits […]
The future of dual ETF share classes after SEC approvals
New Providers and ETF Management As the popularity of Exchange-Traded Funds (ETFs) continues to grow, new providers entering the market will need to focus on developing their ETF management capabilities. This is crucial to ensure that they can effectively compete in a crowded market and offer investors innovative and competitive products. However, this also means […]
PNC mandates 5-day RTO starting May 4
PNC Mandates Return to Office Five Days a Week PNC employees must return to the office five days a week starting May 4, according to a memo sent to employees Wednesday. “Five years ago, we made a necessary shift in how we work — moving away from our in-office model to prioritize your health and […]