HSBC fired investment bankers on the day they were due to learn their bonus figures and gave no bonuses to many it let go, in a sign of how the bank is taking a more ruthless approach to costs under new chief executive Georges Elhedery. The London-based lender told staff in its UK investment banking
In a recent Baltimore Sun guest commentary entitled “Who’s to blame for Maryland’s rising utility bills,” Paul Pinsky, director of the Maryland Energy Association, writes about energy costs and lays blame for rising rates on Columbia Gas of Maryland’s pipeline replacement program, which is critical to the safety of our natural gas distribution system. To
BOSSIER CITY, La. (KTAL/KMSS)—The Arc of Acadiana is expanding its presence in South Bossier and continuing its mission to serve individuals with disabilities. The organization privatized the Northwest Support and Services Center 12 years ago and invests nearly $8 million into a state-of-the-art facility designed to provide 24/7 nursing care for medically fragile adults. The
Artificial intelligence is the greatest investment opportunity of our lifetime. The time to invest in groundbreaking AI is now, and this stock is a steal! The whispers are turning into roars. Artificial intelligence isn’t science fiction anymore. It’s the revolution reshaping every industry on the planet. From driverless cars to medical breakthroughs, AI is on
Elon Musk’s rocket company SpaceX has allowed Chinese investors to buy stakes as long as the funds are routed through the Cayman Islands or other offshore hubs, according to reporting from ProPublica. SpaceX is a defense contractor for the Pentagon, one that handles sensitive work like building a classified spy satellite network. Investment from China
Jones Lang LaSalle is expanding its footprint in the clean energy and infrastructure space with the acquisition of a renewable energy investment banking firm. JLL has reached an agreement to acquire Javelin Capital, the Chicago-based real estate brokerage announced this week. The terms of the deal weren’t disclosed. The acquisition will give JLL more connections
Tau Investment Holdings Pte is likely to sell a 10.2% stake in Mumbai-based drugmaker JB Chemicals & Pharmaceuticals Ltd through a block deal, sources privy to the developments told CNBC-TV18. The offer price for the transaction is set at ₹1,625 per share, reflecting a 4.9% discount to the current market price, sources in the know
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. UBS has proposed capping the size of its investment bank as it seeks a compromise with Swiss regulators who are considering increasing the bank’s capital requirements after its takeover of Credit Suisse. The lender has
Arman Harutyunyan, cofounder at AJX, facilitating millions in private placements and specializing in distressed assets & emerging markets. getty Distressed assets have long been considered the domain of institutional investors who have large cash balances on hand. Yet I think today’s economic climate presents a special opportunity for savvy investors to be involved in distressed
Matt started investing at just 22 with the help of his financial adviser father. Now, at 29, and with a wedding on the cards, he’s got an extra reason to be diligent about his money. Some of Matt’s stock picks (such as Glencore) haven’t been performing as he might like. Is it time to leave