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Trump tariffs would mean up to 70,000 fewer jobs get created each month, Morgan Stanley says

Proposed Republican tariff hikes could lead to increased inflation and decreased GDP growth, ultimately impacting employment negatively.
#ipo
from Fortune
1 month ago
Startup companies

Morgan Stanley to lead fintech company Chime's IPO

Chime Financial Inc. plans to go public in 2025, selecting Morgan Stanley as its IPO lead.

Reddit plans to launch IPO in March, report says | TechCrunch

Reddit is preparing to launch its IPO in March, after more than three years of considering it.
The company is looking to sell around 10% of its shares in the IPO.

Morgan Stanley to lead fintech company Chime's IPO

Chime Financial Inc. plans to go public in 2025, selecting Morgan Stanley as its IPO lead.

Reddit plans to launch IPO in March, report says | TechCrunch

Reddit is preparing to launch its IPO in March, after more than three years of considering it.
The company is looking to sell around 10% of its shares in the IPO.
moreipo
#yacht-accident

Who is Jonathan Bloomer, Morgan Stanley's chairman who is presumed dead in the Bayesian yacht disaster?

Jonathan Bloomer and Mike Lynch are missing after a tornado capsized their yacht off Sicily, raising concerns given Lynch's recent trial acquittal.

Sicily yacht sinking: live update

Six individuals, including UK tech entrepreneur Mike Lynch and Morgan Stanley International's chairman, remain missing after their yacht capsized near Sicily.

Who is Jonathan Bloomer, Morgan Stanley's chairman who is presumed dead in the Bayesian yacht disaster?

Jonathan Bloomer and Mike Lynch are missing after a tornado capsized their yacht off Sicily, raising concerns given Lynch's recent trial acquittal.

Sicily yacht sinking: live update

Six individuals, including UK tech entrepreneur Mike Lynch and Morgan Stanley International's chairman, remain missing after their yacht capsized near Sicily.
moreyacht-accident
#goldman-sachs

Goldman Sachs Joins Morgan Stanley in Holding Bitcoin ETFs as Institutional Interest Grows: 13F Wrap

Investment advisors collectively held $4.7 billion in spot bitcoin ETFs, demonstrating significant institutional confidence in cryptocurrency.

Men Dominate the Corporate World, But Replacing Them With Women Isn't the Answer

Women CEOs are becoming slightly less rare, but more women billionaires won't lead to greater equity for all.(L-R) Charles Scharf, CEO and President of Wells Fargo, Brian Thomas Moynihan, Chairman and CEO of Bank of America, Jamie Dimon, Chairman and CEO of JPMorgan Chase, Jane Fraser, CEO of Citigroup, William H. Rogers Jr., Chairman and CEO of Truist Financial Corporation, Andy Cecere, Chairman, President, and CEO of US Bancorp, and William Demchak, Chairman, President, and CEO, of The PNC Financial Services Group, are sworn in as they prepare to testify during a Senate Banking, Housing, and Urban Affairs Committee Hearing on the Annual Oversight of the Nation's Largest Banks, on Capitol Hill in Washington, DC, September 22, 2022.
from HousingWire
1 year ago

Big banks to rescue First Republic with $30B in deposits

A group of 11 U.S. banks has agreed to make $30 billion in deposits at First Republic Bank to avoid another regional bank failure.The rescue comes after Silvergate Bank, Silicon Valley Bank and Signature Bank collapsed amid a liquidity crisis caused by a deposit run."Today, 11 banks announced $30 billion in deposits into First Republic Bank.
from BBC Sport
1 year ago

Liverpool owner Henry says he is not selling club

Liverpool owner John Henry says he is not selling the Premier League club, but does expect some investment.FSG chairman Tom Werner the club's owners were "exploring a sale" but could continue their "stewardship for quite a while"."Are we selling LFC? No," Henry told
"Are talking with investors about LFC? Yes.

Wall Street CEO backs post-pandemic push to get employees back in the office in 2023

As pressures increase for remote workers to return to the office in 2023, more companies are assessing the ways in which their workforce will contribute going forward - with some adopting more hybrid approaches to location.Carmine Di Sibio, global chairman of consulting firm Ernst & Young, joined the growing list of experts saying workers need to return to the office at least part-time in the post-pandemic age, telling FOX Business' Maria Bartiromo on Wednesday that work-from-home employees should begin to trickle back into the office at least three to four times per week.

Keir Starmer to invoke Blair as he tells Davos the UK is open for business'

Sir Keir Starmer will invoke Tony Blair as he tells the super rich in Davos the UK is open for business on Thursday.The Labour leader and his shadow chancellor Rachel Reeves will point to the economic record of the last Labour government as they stress they want to attract more overseas business investment to Britain.
from Coindesk
2 months ago

Goldman Sachs Joins Morgan Stanley in Holding Bitcoin ETFs as Institutional Interest Grows: 13F Wrap

Investment advisors collectively held $4.7 billion in spot bitcoin ETFs, demonstrating significant institutional confidence in cryptocurrency.

Men Dominate the Corporate World, But Replacing Them With Women Isn't the Answer

Women CEOs are becoming slightly less rare, but more women billionaires won't lead to greater equity for all.(L-R) Charles Scharf, CEO and President of Wells Fargo, Brian Thomas Moynihan, Chairman and CEO of Bank of America, Jamie Dimon, Chairman and CEO of JPMorgan Chase, Jane Fraser, CEO of Citigroup, William H. Rogers Jr., Chairman and CEO of Truist Financial Corporation, Andy Cecere, Chairman, President, and CEO of US Bancorp, and William Demchak, Chairman, President, and CEO, of The PNC Financial Services Group, are sworn in as they prepare to testify during a Senate Banking, Housing, and Urban Affairs Committee Hearing on the Annual Oversight of the Nation's Largest Banks, on Capitol Hill in Washington, DC, September 22, 2022.

Big banks to rescue First Republic with $30B in deposits

A group of 11 U.S. banks has agreed to make $30 billion in deposits at First Republic Bank to avoid another regional bank failure.The rescue comes after Silvergate Bank, Silicon Valley Bank and Signature Bank collapsed amid a liquidity crisis caused by a deposit run."Today, 11 banks announced $30 billion in deposits into First Republic Bank.

Liverpool owner Henry says he is not selling club

Liverpool owner John Henry says he is not selling the Premier League club, but does expect some investment.FSG chairman Tom Werner the club's owners were "exploring a sale" but could continue their "stewardship for quite a while"."Are we selling LFC? No," Henry told
"Are talking with investors about LFC? Yes.

Wall Street CEO backs post-pandemic push to get employees back in the office in 2023

As pressures increase for remote workers to return to the office in 2023, more companies are assessing the ways in which their workforce will contribute going forward - with some adopting more hybrid approaches to location.Carmine Di Sibio, global chairman of consulting firm Ernst & Young, joined the growing list of experts saying workers need to return to the office at least part-time in the post-pandemic age, telling FOX Business' Maria Bartiromo on Wednesday that work-from-home employees should begin to trickle back into the office at least three to four times per week.

Keir Starmer to invoke Blair as he tells Davos the UK is open for business'

Sir Keir Starmer will invoke Tony Blair as he tells the super rich in Davos the UK is open for business on Thursday.The Labour leader and his shadow chancellor Rachel Reeves will point to the economic record of the last Labour government as they stress they want to attract more overseas business investment to Britain.
moregoldman-sachs
#bitcoin-etfs

Morgan Stanley to Offer Bitcoin ETFs to Wealth Clients: CNBC

Morgan Stanley allows Bitcoin ETFs for eligible clients.

Morgan Stanley to Offer Bitcoin ETFs to Wealthy Clients: CNBC

Morgan Stanley financial advisers can offer bitcoin ETFs to wealthy clients, responding to client demand.

Morgan Stanley Moving to Start Active Bitcoin ETF Sales: Reports

Morgan Stanley is considering allowing brokers to recommend Bitcoin ETFs to customers, potentially leading to increased capital influx and mainstream adoption.

Morgan Stanley May Soon Allow Brokers to Pitch Bitcoin ETFs to Customers: Report

The move by Morgan Stanley to allow its brokers to recommend bitcoin ETFs directly could drive substantial inflows into the funds.

Morgan Stanley Evaluating Spot Bitcoin ETFs for Its Giant Brokerage Platform: Sources

Morgan Stanley considering spot Bitcoin ETFs for brokerage platform
Big RIAs and broker-dealers might increase investment in new products

Morgan Stanley to Offer Bitcoin ETFs to Wealth Clients: CNBC

Morgan Stanley allows Bitcoin ETFs for eligible clients.

Morgan Stanley to Offer Bitcoin ETFs to Wealthy Clients: CNBC

Morgan Stanley financial advisers can offer bitcoin ETFs to wealthy clients, responding to client demand.

Morgan Stanley Moving to Start Active Bitcoin ETF Sales: Reports

Morgan Stanley is considering allowing brokers to recommend Bitcoin ETFs to customers, potentially leading to increased capital influx and mainstream adoption.

Morgan Stanley May Soon Allow Brokers to Pitch Bitcoin ETFs to Customers: Report

The move by Morgan Stanley to allow its brokers to recommend bitcoin ETFs directly could drive substantial inflows into the funds.

Morgan Stanley Evaluating Spot Bitcoin ETFs for Its Giant Brokerage Platform: Sources

Morgan Stanley considering spot Bitcoin ETFs for brokerage platform
Big RIAs and broker-dealers might increase investment in new products
morebitcoin-etfs
#cryptocurrency

Morgan Stanley Latest Bank to Disclose Spot Bitcoin ETF Holdings for Clients

Morgan Stanley held $270 million GBTC for clients, not as a bet on Bitcoin.

Bitcoin Has Benefited From U.S. Dollar Liquidity to Support Banks: Morgan Stanley

Expectations of increased U.S. dollar liquidity to support the banking sector following a string of forced closures has helped bitcoin (BTC) rally, but other factors are also at play, Morgan Stanley (MS) said in a research report Sunday.Bitcoin, the world's largest cryptocurrency by market cap, has gained 69% year-to-date.

Cryptocurrency exchange without a transaction fee by Alex Reinhardt

As traders, we should constantly look for new opportunities to increase profits.The most certain way to accomplish this is to eliminate our trading fees.However, it might be challenging to distinguish between those utilizing deception and those providing fee-free bitcoin purchases.Alex Reinhardt has good news for you if you are new to cryptocurrency and are wondering how to buy fee-less bitcoin.

Morgan Stanley Latest Bank to Disclose Spot Bitcoin ETF Holdings for Clients

Morgan Stanley held $270 million GBTC for clients, not as a bet on Bitcoin.

Bitcoin Has Benefited From U.S. Dollar Liquidity to Support Banks: Morgan Stanley

Expectations of increased U.S. dollar liquidity to support the banking sector following a string of forced closures has helped bitcoin (BTC) rally, but other factors are also at play, Morgan Stanley (MS) said in a research report Sunday.Bitcoin, the world's largest cryptocurrency by market cap, has gained 69% year-to-date.

Cryptocurrency exchange without a transaction fee by Alex Reinhardt

As traders, we should constantly look for new opportunities to increase profits.The most certain way to accomplish this is to eliminate our trading fees.However, it might be challenging to distinguish between those utilizing deception and those providing fee-free bitcoin purchases.Alex Reinhardt has good news for you if you are new to cryptocurrency and are wondering how to buy fee-less bitcoin.
morecryptocurrency

Today's top business headlines: Wall Street layoffs, Tinder lawsuit, and new method for training AI

Morgan Stanley is cutting hundreds of jobs from its wealth management unit, representing less than 1% of the division's employees.
The year 2023 saw a significant increase in labor strikes, with over 500,000 U.S. workers going on strike, fueled by expiring labor contracts and recent strikes from gig workers.

Car rental giant Hertz dumps EVs in U.S. in favour of gasoline engines | CBC News

Hertz Global Holdings is selling about 20,000 electric vehicles from its U.S. fleet due to higher expenses related to collision and damage.
The decision by Hertz is seen as a warning for the EV market and indicates a need to lower expectations for EV sales.
#Morgan Stanley

Attorney general secures $6.5 million from Morgan Stanley for data security lapse

Morgan Stanley has agreed to a $6.5 million settlement for compromising the personal information of millions of customers, including 1.1 million New Yorkers.
The breach occurred when Morgan Stanley failed to properly erase unencrypted data from its computers before auctioning them off, potentially exposing the personal data of millions.
As part of the settlement, Morgan Stanley will implement stronger data security measures and pay a $6.5 million fine, with $1.6 million going to New York.

Morgan Stanley Fined $6.5 Million for Exposing Customer Information

Morgan Stanley agrees to a $6.5 million settlement over insecurely disposing of hardware containing unencrypted personal information.
Morgan Stanley failed to properly erase unencrypted personal information stored on decommissioned devices, potentially exposing millions of customers' data.
The company was ordered to improve its data security practices and implement encryption, data disposal policies, and vendor controls.

Public-Private Enterprise AI Engagement Can Spur Innovation

Companies in safety-critical areas are cautious in developing and integrating AI.
J.P. Morgan is investing in AI solutions for various aspects of their operations.
Working with regulators to educate them about AI is crucial for the commercialization and regulation of AI.

Attorney general secures $6.5 million from Morgan Stanley for data security lapse

Morgan Stanley has agreed to a $6.5 million settlement for compromising the personal information of millions of customers, including 1.1 million New Yorkers.
The breach occurred when Morgan Stanley failed to properly erase unencrypted data from its computers before auctioning them off, potentially exposing the personal data of millions.
As part of the settlement, Morgan Stanley will implement stronger data security measures and pay a $6.5 million fine, with $1.6 million going to New York.

Morgan Stanley Fined $6.5 Million for Exposing Customer Information

Morgan Stanley agrees to a $6.5 million settlement over insecurely disposing of hardware containing unencrypted personal information.
Morgan Stanley failed to properly erase unencrypted personal information stored on decommissioned devices, potentially exposing millions of customers' data.
The company was ordered to improve its data security practices and implement encryption, data disposal policies, and vendor controls.

Public-Private Enterprise AI Engagement Can Spur Innovation

Companies in safety-critical areas are cautious in developing and integrating AI.
J.P. Morgan is investing in AI solutions for various aspects of their operations.
Working with regulators to educate them about AI is crucial for the commercialization and regulation of AI.
moreMorgan Stanley

States settle with Morgan Stanley for $6.5 million over data security incidents

Morgan Stanley has reached a $6.5 million agreement with six attorney generals after an investigation found that the company compromised customer personal information.
The investigation discovered that Morgan Stanley failed to properly dispose of devices containing customer information and did not monitor the moving company that sold the equipment.
Attorney General Ashley Moody stated that Morgan Stanley put millions of customers' personal information at risk and must now pay $6.5 million and improve data protection.

Microsoft links PaperCut server attacks to Cl0p, LockBit ransomware

Researchers have linked leading ransomware groups Cl0p and LockBit to the ongoing exploitation of critical-rated vulnerabilities in print management software from PaperCut.The vulnerabilities, CVE-2023-27350 and CVE-2023-27351, have a near maximum 9.8 severity score and have enabled remote code execution on vulnerable PaperCut servers since at least January 2023.
#people

4 People Accused of $13 Million in Pro Athlete Fraud Schemes

Four people were arrested Thursday and charged with collectively defrauding four professional men's basketball players out of more than $13 million, according to Damian Williams, the United States Attorney for the Southern District of New York.In one scheme, three players were allegedly persuaded to purchase more than $5 million worth of life insurance policies at an enormous markup.

First Republic Bank is reportedly exploring sale: Bloomberg

First Republic Bank, the fourth-largest non-agency jumbo lender in America, is exploring strategic options, including a sale and a capital infusion, and is expected to attract interest from larger rivals, Bloomberg reported on Wednesday, citing anonymous sources with knowledge of the matter.No decision has been made, and the bank can remain independent, people who requested anonymity for discussing confidential information said.

Everything You Need to Know About ChatGPT-4

It's been a mere four months since artificial intelligence company OpenAI unleashed ChatGPT and not to overstate its importance changed the world forever.In just 15 short weeks, it has sparked doomsday predictions in global job markets, disrupted education systems and drawn millions of users, from big banks to app developers.

A Factual Error by Bard AI Chatbot Just Cost Google $100 Billion

The stakes in the race for generative AI are rising.The fervor in the stock market bubbling around artificial intelligence spread this week to Microsoft Corp. and Alphabet Inc., which despite investing heavily in the technology had so far been ignored by traders in favor of smaller, more speculative companies.

Imagining A World In Which Google Is Forced To Divest GAM

The prospect of a Google ad tech breakup went from purely hypothetical to rationally possible.On Tuesday, the antitrust division of the Department of Justice filed a lawsuit alleging that Google maintains a monopoly over the digital advertising market.Among other remedies, the suit seeks a forced spinoff or sale of certain pieces of Google's ad stack.

Remote work 'doesn't work' for younger staff, management, Jaime Dimon says

Comes as economic uncertainty increases concerns bosses could use return-to-office mandates as reason to let people go


Jamie Dimon said working from home "doesn't work" for younger staff or bosses, the Wall Street titan's latest salvo against remote work."It doesn't work for young kids or spontaneity or management," JPMorgan Chase & Co.'s chief executive said in an interview with CNBC Thursday at the World Economic Forum in Davos, citing researching and coding as fields that can be done remotely.

4 People Accused of $13 Million in Pro Athlete Fraud Schemes

Four people were arrested Thursday and charged with collectively defrauding four professional men's basketball players out of more than $13 million, according to Damian Williams, the United States Attorney for the Southern District of New York.In one scheme, three players were allegedly persuaded to purchase more than $5 million worth of life insurance policies at an enormous markup.

First Republic Bank is reportedly exploring sale: Bloomberg

First Republic Bank, the fourth-largest non-agency jumbo lender in America, is exploring strategic options, including a sale and a capital infusion, and is expected to attract interest from larger rivals, Bloomberg reported on Wednesday, citing anonymous sources with knowledge of the matter.No decision has been made, and the bank can remain independent, people who requested anonymity for discussing confidential information said.

Everything You Need to Know About ChatGPT-4

It's been a mere four months since artificial intelligence company OpenAI unleashed ChatGPT and not to overstate its importance changed the world forever.In just 15 short weeks, it has sparked doomsday predictions in global job markets, disrupted education systems and drawn millions of users, from big banks to app developers.

A Factual Error by Bard AI Chatbot Just Cost Google $100 Billion

The stakes in the race for generative AI are rising.The fervor in the stock market bubbling around artificial intelligence spread this week to Microsoft Corp. and Alphabet Inc., which despite investing heavily in the technology had so far been ignored by traders in favor of smaller, more speculative companies.

Imagining A World In Which Google Is Forced To Divest GAM

The prospect of a Google ad tech breakup went from purely hypothetical to rationally possible.On Tuesday, the antitrust division of the Department of Justice filed a lawsuit alleging that Google maintains a monopoly over the digital advertising market.Among other remedies, the suit seeks a forced spinoff or sale of certain pieces of Google's ad stack.

Remote work 'doesn't work' for younger staff, management, Jaime Dimon says

Comes as economic uncertainty increases concerns bosses could use return-to-office mandates as reason to let people go


Jamie Dimon said working from home "doesn't work" for younger staff or bosses, the Wall Street titan's latest salvo against remote work."It doesn't work for young kids or spontaneity or management," JPMorgan Chase & Co.'s chief executive said in an interview with CNBC Thursday at the World Economic Forum in Davos, citing researching and coding as fields that can be done remotely.
morepeople
#federal-reserve

Several big U.S. banks come to the rescue of First Republic Bank | CBC News

First Republic Bank has received $30 billion US in deposits from several big banks, the banks said in a statement on Thursday, as part of a rescue package for the lender.JPMorgan Chase & Co, Citigroup, Bank of America Corp, Wells Fargo & Co, Goldman Sachs Group, Morgan Stanley and others are involved in the rescue, according to the statement.

Wall Street Journal: First Republic Bank talking to JPMorgan and Morgan Stanley about a lifeline

First Republic Bank, facing a crisis of confidence from investors and customers, is actively discussing options for a lifeline including a takeover, according to the Wall Street Journal.Participating in the discussions Thursday are massive Wall Street banks, including JPMorgan and Morgan Stanley, the Journal reported.

Several big U.S. banks come to the rescue of First Republic Bank | CBC News

First Republic Bank has received $30 billion US in deposits from several big banks, the banks said in a statement on Thursday, as part of a rescue package for the lender.JPMorgan Chase & Co, Citigroup, Bank of America Corp, Wells Fargo & Co, Goldman Sachs Group, Morgan Stanley and others are involved in the rescue, according to the statement.

Wall Street Journal: First Republic Bank talking to JPMorgan and Morgan Stanley about a lifeline

First Republic Bank, facing a crisis of confidence from investors and customers, is actively discussing options for a lifeline including a takeover, according to the Wall Street Journal.Participating in the discussions Thursday are massive Wall Street banks, including JPMorgan and Morgan Stanley, the Journal reported.
morefederal-reserve

Women of Power Summit Shares How to Master Relationships When Working Remotely

The dynamic of workplace relationships changed drastically after the pandemic.Managing relationships without face-to-face interaction can be hard.With more of us working hybrid or strictly from home, BLACK ENTERPRISE used this year's Women of Power Summit to tackle the importance of "Mastering Relationships When You Work Remotely."
#years

Leading Chinese banker missing amid crackdown

Shares of the company that operates one of China's top investment banks, China Renaissance, plunged on Friday after the firm said it had lost touch with its founder Bao Fan, one of the country's most high-profile bankers and a top tech-sector dealmaker.hina Renaissance Holdings said in a filing to Hong Kong's stock exchange on Thursday that it had been unable to contact Mr Bao, who has worked on major deals including e-commerce company JD.com's two billion dollar (£1.6 billion) initial public offering and the public listing of short video platform Kuaishou in Hong Kong.

Liverpool owner Henry rules out club sale

Liverpool's American owner, John Henry, said there are no plans to sell the Premier League club after the Merseyside outfit's owners said in November they were exploring a sale.Fenway Sports Group (FSG), which completed a £300 million ($358m) takeover of the club in 2010, said in November they would explore the option of bringing in investors if it was in Liverpool's "best interest."

Prominent Chinese investment bank says its founder is unreachable | CBC News

Shares of the company that operates one of China's top investment banks, China Renaissance, plunged Friday after the firm said it had lost touch with its founder, Bao Fan, one of the country's most high-profile bankers and a top tech-sector dealmaker.China Renaissance Holdings said in a filing to Hong Kong's stock exchange Thursday that it had been unable to contact Bao, who has worked on major deals including e-commerce company JD.com's $2-billion US initial public offering and the public listing of short video platform Kuaishou in Hong Kong.

Star Banker in China Who Vanished Is Said to Be Aiding Government Inquiry

China Renaissance Holdings said Sunday that its chief executive, Bao Fan, a prominent investment banker in China, was cooperating with a government investigation, weeks after the company had announced it was unable to contact him.In a filing with the Hong Kong Stock Exchange, the company said that its board had become aware that Mr. Bao is currently cooperating in an investigation being carried out by certain authorities in the People's Republic of China.

Missing Chinese billionaire CEO assisting authorities in investigation, company says

Missing Chinese CEO Bao Fan is cooperating in an investigation by certain authorities in the People's Republic of China, his company said in a statement Sunday.China Renaissance Holdings Limited, of which Bao is the chairman and CEO, said the company has been trying to locate him and ascertain his status since the announcement he disappeared on February 16.

Cenlar FSB names Michelle DeHart VP of loan operations, escrow

Cenlar FSB, the second-largest mortgage servicer and largest sub-servicer in the U.S., appointed Michelle DeHart as the vice president of loan operations, escrow, the company announced on Tuesday."Having managed large-scale servicing operations, we will lean on Michelle's expertise and are confident that she will deliver the best possible solutions for Cenlar, our clients and their homeowners," Bill Moffett, Cenlar's senior vice president of loan operations, said.

Leading Chinese banker missing amid crackdown

Shares of the company that operates one of China's top investment banks, China Renaissance, plunged on Friday after the firm said it had lost touch with its founder Bao Fan, one of the country's most high-profile bankers and a top tech-sector dealmaker.hina Renaissance Holdings said in a filing to Hong Kong's stock exchange on Thursday that it had been unable to contact Mr Bao, who has worked on major deals including e-commerce company JD.com's two billion dollar (£1.6 billion) initial public offering and the public listing of short video platform Kuaishou in Hong Kong.

Liverpool owner Henry rules out club sale

Liverpool's American owner, John Henry, said there are no plans to sell the Premier League club after the Merseyside outfit's owners said in November they were exploring a sale.Fenway Sports Group (FSG), which completed a £300 million ($358m) takeover of the club in 2010, said in November they would explore the option of bringing in investors if it was in Liverpool's "best interest."

Prominent Chinese investment bank says its founder is unreachable | CBC News

Shares of the company that operates one of China's top investment banks, China Renaissance, plunged Friday after the firm said it had lost touch with its founder, Bao Fan, one of the country's most high-profile bankers and a top tech-sector dealmaker.China Renaissance Holdings said in a filing to Hong Kong's stock exchange Thursday that it had been unable to contact Bao, who has worked on major deals including e-commerce company JD.com's $2-billion US initial public offering and the public listing of short video platform Kuaishou in Hong Kong.

Star Banker in China Who Vanished Is Said to Be Aiding Government Inquiry

China Renaissance Holdings said Sunday that its chief executive, Bao Fan, a prominent investment banker in China, was cooperating with a government investigation, weeks after the company had announced it was unable to contact him.In a filing with the Hong Kong Stock Exchange, the company said that its board had become aware that Mr. Bao is currently cooperating in an investigation being carried out by certain authorities in the People's Republic of China.

Missing Chinese billionaire CEO assisting authorities in investigation, company says

Missing Chinese CEO Bao Fan is cooperating in an investigation by certain authorities in the People's Republic of China, his company said in a statement Sunday.China Renaissance Holdings Limited, of which Bao is the chairman and CEO, said the company has been trying to locate him and ascertain his status since the announcement he disappeared on February 16.

Cenlar FSB names Michelle DeHart VP of loan operations, escrow

Cenlar FSB, the second-largest mortgage servicer and largest sub-servicer in the U.S., appointed Michelle DeHart as the vice president of loan operations, escrow, the company announced on Tuesday."Having managed large-scale servicing operations, we will lean on Michelle's expertise and are confident that she will deliver the best possible solutions for Cenlar, our clients and their homeowners," Bill Moffett, Cenlar's senior vice president of loan operations, said.
moreyears

Lachlan Murdoch Defends Fox News's Chief Executive Amid Defamation Suit

Lachlan Murdoch, whose family controls the Fox media empire, issued a full-throated show of support on Thursday for Suzanne Scott, the chief executive of Fox News Media, as the cable channel faces a $1.6 billion defamation suit that has generated a cascade of unflattering revelations about its inner workings.
#interest-rates

Brookfield Defaults on Los Angeles Office Tower Loans

Brookfield's Brian Kingston and 777 South Figueroa Street (left) and 555 West 5th Street (right) and in Downtown Los Angeles (Getty, Brookfield, LoopNet, Carol M. Highsmith, Public domain via Wikimedia Commons) Brookfield has defaulted on $784 million worth of loans connected to two of its trophy office towers in Downtown L.A. The firm defaulted on a $465 million loan package connected to the Gas Company Tower at 555 West 5th Street and $319 million in loans connected to 777 South Figueroa Street, according to an SEC filing on Friday.

Looming Twitter interest payment leaves Musk with unpalatable options

The bill for Elon Musk's purchase of Twitter is coming due, with the billionaire facing unpalatable options on the company's enormous debt pile, ranging from bankruptcy proceedings to another costly sale of Tesla shares.Three people close to the entrepreneur's buyout of Twitter said the first installment of interest payments related to $13 billion of debt he used to fund the takeover could be due as soon as the end of January.

Brookfield Defaults on Los Angeles Office Tower Loans

Brookfield's Brian Kingston and 777 South Figueroa Street (left) and 555 West 5th Street (right) and in Downtown Los Angeles (Getty, Brookfield, LoopNet, Carol M. Highsmith, Public domain via Wikimedia Commons) Brookfield has defaulted on $784 million worth of loans connected to two of its trophy office towers in Downtown L.A. The firm defaulted on a $465 million loan package connected to the Gas Company Tower at 555 West 5th Street and $319 million in loans connected to 777 South Figueroa Street, according to an SEC filing on Friday.

Looming Twitter interest payment leaves Musk with unpalatable options

The bill for Elon Musk's purchase of Twitter is coming due, with the billionaire facing unpalatable options on the company's enormous debt pile, ranging from bankruptcy proceedings to another costly sale of Tesla shares.Three people close to the entrepreneur's buyout of Twitter said the first installment of interest payments related to $13 billion of debt he used to fund the takeover could be due as soon as the end of January.
moreinterest-rates

Elon Musk sells $3.95 billion worth of Tesla stock

Twitter's new owner and Tesla CEO Elon Musk sold nearly $4 billion worth of Tesla shares, according to regulatory filings.Musk, who bought Twitter for $44 billion, sold 19.5 million shares of the electric car company from Nov. 4 to Nov. 8, according to Tuesday's filings with the Securities and Exchange Commission.

Elon Musk Sells $3.95 Billion Worth of Tesla Stock

Twitter's new owner and Tesla CEO Elon Musk has sold nearly $4 billion worth of Tesla shares, according to regulatory filings.Musk, who bought Twitter for $44 billion, sold 19.5 million shares of the electric car company from Nov. 4 to Nov. 8, according to Tuesday's filings with the Securities and Exchange Commission.

Elon Musk sells 3.43 billion of Tesla stock

Twitter's new owner Elon Musk has sold nearly four billion US dollars' worth (£3.43billion) of Tesla shares, according to regulatory filings in America.esla CEO Mr Musk, who bought Twitter for 44 billion dollars (£38 billion), sold 19.5 million shares in the electric car company from November 4 to November 8, according to Tuesday's filings with the US Securities and Exchange Commission.
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