Dozens of UK partners at PwC will take early retirement in December, Sky News reported. The larger-than-usual cohort comes as Big Four firms grapple with declining...
Interest in secondary passports for Americans has surged since Trump’s reelection. Global citizenship firms said clients are especially concerned about LGBTQ+ rights and the economy. They...
Two Sigma laid off 200 employees Thursday, about 10% of the $60 billion firm’s workforce. Co-CEOs Carter Lyons and Scott Hoffman took over for the firm’s...
Deloitte is planning to cut more roles from its advisory division. The “ongoing challenging market” is forcing the firm to restructure, a spokesperson said. The growth...
Jeff McMillan is Morgan Stanley’s head of firmwide AI. His team vets all new AI pitches, but business leaders ultimately decide what to use. He outlines...
Steve Schwarzman, Blackstone’s cofounder and CEO, is estimated to be worth $57 billion. Schwarzman has called Blackstone his family office, but he has another family office,...
In early August, Goldman Sachs rolled out a fresh look. The Wall Street bank updated its website to reflect a new color palette, replacing its iconic...
Goldman Sachs last week promoted 95 people to partner — its largest class under CEO David Solomon. Partners from Goldman’s banking and markets and asset-management units...
Quant giant D.E. Shaw has hired people from non-traditional finance backgrounds for decades. The firm’s head of recruiting told BI he looks for certain traits when...
Top Wall Street lenders have created a big debt market back by red-hot Nvidia GPUs. A report from the FT says firms have made billions in...
Just because a stock gets removed from an index doesn’t mean it’s a bad investment. Rob Arnott’s firm is betting on index deletions to deliver huge...
Russia almost tripled its defense spending to finance its invasion of Ukraine. Defense firms are busy — but high inflation and interest rates past 20% have...