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May 6, 2021

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Lockdown snacking: Lots to munch on when PepsiCo reports results

Reuters
(Reuters) – Will people break their lockdown snacking habit once the pandemic eases? FILE PHOTO: Bottles of Pepsi are pictured at a grocery store in Pasadena, California, U.S., July 11, 2017. REUTERS/Mario Anzuoni/File Photo GLOBAL BUSINESS WEEK AHEAD PepsiCo Inc’s results on Thursday will give investors a glimpse of how......

Goldman Sachs profit soars on global deals frenzy, trading boom

Reuters
(Reuters) – Goldman Sachs Group Inc surged past Wall Street expectations for first-quarter profit on Wednesday, as the U.S. investment banking giant capitalized on record levels of global dealmaking and a coronavirus-driven boom in equity trading. An unprecedented boom in private firms merging with listed shell companies to go public......

Swiss watchdog asked Credit Suisse on Greensill risks: SonntagsZeitung

Reuters
FILE PHOTO: The logo of Swiss bank Credit Suisse is seen at its headquarters in Zurich, Switzerland March 24, 2021. REUTERS/Arnd Wiegmann//File Photo/File Photo ZURICH (Reuters) – The head of Switzerland’s financial regulator FINMA questioned Credit Suisse over risks in its dealings with now-insolvent finance firm Greensill Capital “months” before......

Exclusive: Brazilian payments network Elo picks banks for IPO – sources

Reuters
SAO PAULO (Reuters) – Brazilian payments firm Elo has chosen six banks to manage its initial public offering, four sources close to the matter said, in the first concrete sign it is proceeding with a move first proposed by shareholders in August. FILE PHOTO: A view of the exterior of......

Breakingviews – Capital Calls – Jean Raby exit leaves Natixis ruing M&A dreams

Reuters
The Natixis logo is seen on a building in Charenton-le-Pont near Paris, France, April 29, 2020. LONDON (Reuters Breakingviews) – DAMP SQUIB. Natixis boss Nicolas Namias will be left ruing what might have been. On Tuesday the $15 billion French bank announced the exit of Jean Raby, who ran its......

Climate change protesters break windows at Barclays London HQ

Reuters
LONDON (Reuters) – Protesters against climate change broke windows at the London headquarters of Barclays in the Canary Wharf business district on Wednesday. The activists from the Extinction Rebellion group carried placards with slogans such as “Better Broken Windows than Broken Promises” and pasted the message “In Case of Climate......

Japan gathering information on Nomura, MUFG losses linked to U.S. client

Reuters
FILE PHOTO: Japan’s Deputy Prime Minister and Finance Minister Taro Aso, wearing a protective face mask, delivers his policy speech at the opening of an ordinary session of the parliament in Tokyo, Japan January 18, 2021. REUTERS/Issei Kato/File Photo TOKYO (Reuters) – Japan is looking into the financial losses incurred......

Explainer: Why Archegos Capital was in U.S. regulators’ blind spot

Reuters
By Michelle Price, Lawrence Delevingne WASHINGTON (Reuters) – Some global banks are facing billions of dollars in losses after a U.S. investment firm, named by sources as Archegos Capital Management LP, defaulted on margin calls, putting investors on edge about who else might be exposed. 888 7th Ave, a building......

Factbox: The protagonists in the Grindr story

Reuters
(Reuters) – The parties involved in the $620 million sale last year of dating app Grindr Inc gave information to a U.S. national security panel that contradicted disclosures to potential investors and Chinese regulators, Reuters reported on Monday. Many of these discrepancies center on ties between the acquirer, Chinese-American businessman......

Breakingviews – Archegos mess revisits Wall Street weak spots

Reuters
By Antony Currie, Jennifer Hughes A street sign, Wall Street, is seen outside New York Stock Exchange (NYSE) in New York City, New York, U.S., January 3, 2019. REUTERS/Shannon Stapleton – RC1C326C6140 MELBOURNE (Reuters Breakingviews) – The woes originating from Archegos Capital Management support the idea that there’s more to......

Japan’s Nomura flags $2 billion loss at U.S. unit, cancels bond issue

Reuters
FILE PHOTO: Nomura Securities trading floor is pictured at the company’s Otemachi Head Office in Tokyo, Japan, November 18, 2016. REUTERS/Toru Hanai/File Photo TOKYO (Reuters) – Japan’s Nomura Holdings Inc on Monday flagged a potential $2 billion loss at a U.S. subsidiary arising from transactions with a U.S. client, and......

Large block trades involved more than $10 billion of stocks sold by Goldman: media

Reuters
(Reuters) – Large block trades on Friday causing a wave of selling in a clutch of companies were driven by sales of more than $10 billion executed by Goldman Sachs Group Inc, media reported on Saturday. FILE PHOTO: The Goldman Sachs company logo is seen in the company’s space on......

Goldman eyeing JetBlue’s credit card business: WSJ

Reuters
FILE PHOTO: The JetBlue Airways logo is seen on a revolving door entering John F. Kennedy Airport in the Queens borough of New York U.S., January 24, 2017. REUTERS/Shannon Stapleton (Reuters) – Goldman Sachs Group Inc is in talks with JetBlue Airways Corp to take over its credit card program,......

Ganfeng joins China Minmetals lithium salt lake project for $225 million

Reuters
(Reuters) – Ganfeng Lithium Co said on Monday it would pay 1.47 billion yuan ($225 million) to take a 49% stake in a lithium salt lake project operated by compatriot China Minmetals Corp in Qinghai. The move will give Ganfeng, one of the world’s top producers of lithium chemicals used......

China’s CIC eyes U.S. investment after fund with Goldman raised $2.5 billion

Reuters
BEIJING (Reuters) – China’s $1 trillion sovereign wealth fund is scouting for long-term investment opportunities in the United States, an executive said, after a fund co-established with Goldman Sachs Group Inc raised $2.5 billion, half of the targeted amount. The China-U.S. Industrial Cooperation Fund, launched in November 2017 on the......

Goldman-backed secondhand clothing retailer ThredUp files for IPO

Reuters
(Reuters) – Goldman Sachs-backed secondhand clothing retailer ThredUp Inc made its IPO filing public on Wednesday, disclosing a bigger full-year loss ahead of a market debut. The company, founded in 2009, has processed over 100 million unique secondhand items from 35,000 brands, according to its filing. (bit.ly/2NRElgE) Users download the......

Be creative in keeping City of London competitive, UK government tells Bank of England

Reuters
FILE PHOTO: Canary Wharf in London, Britain December 27, 2020. REUTERS/Simon Dawson/File Photo LONDON (Reuters) – Brexit is opening a new chapter for Britain to think “creatively” about keeping the UK an attractive location for international financial services companies, Britain’s finance minister Rishi Sunak told the Bank of England. Britain......

Goldman Sachs head lawyer to leave bank: Bloomberg

Reuters
FILE PHOTO: A Goldman Sachs sign is seen above the floor of the New York Stock Exchange shortly after the opening bell in the Manhattan borough of New York January 24, 2014. REUTERS/Lucas Jackson NEW YORK (Reuters) – Goldman Sachs Group Inc’s general counsel Karen Seymour is leaving the bank,......

Goldman’s consumer banking head Omer Ismail joins Walmart’s fintech venture- Bloomberg News

Reuters
Feb 28 (Reuters) – Goldman Sachs Group Inc’s consumer banking chief Omer Ismail is leaving to join Walmart Inc’s fintech venture, Bloomberg reported bloom.bg/3sGgEXn on Sunday citing people with the knowledge of his plans. David Stark, one of his top lieutenants at Goldman, will also join him, the report added.......

Robinhood plans confidential IPO filing as soon as March: Bloomberg News

Reuters
FILE PHOTO: The Robinhood App is displayed on a screen in this photo illustration January 29, 2021. REUTERS/Brendan McDermid/Illustration (Reuters) – Online brokerage Robinhood, at the centre of this year’s retail trading frenzy, is planning to file confidentially for an initial public offering as soon as March, Bloomberg News reported......

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