This article is an on-site version of The Lex Newsletter. Sign up here to get the complete newsletter sent straight to your inbox every Wednesday and FridayDear reader, The most interesting thing about boring stocks is that they are often undervalued....
The UK’s state-owned infrastructure investment bank has been accused of “reinventing the wheel” by funding projects that already draw private capital, according to an influential group of cross-party MPs. The House of Commons public accounts committee said on Tuesday that...
New York City has filed demands for tougher climate change action from US banks on behalf of retirement schemes worth a combined $177.5bn, setting up a test of the commitments of asset managers under political crossfire.The New York City comptroller,...
Bank of America, Citi, Credit Suisse and JPMorgan have launched a syndicated loan platform solution that captures bank data in real time. The new platform, Versana, aggregates and normalizes data from member banks to create straight-through processing in the $5...
Banks are looking to use AI to improve their financial literacy following Microsoft's $10 billion investment in OpenAI and their ChatGPT technology. ChatGPT technology is “a forerunner and a new class of artificial intelligence that's basically composing written dialogues and...
Barclays is set to choose former Credit Suisse dealmaker Cathal Deasy as co-head of global banking as the British lender continues to overhaul its investment banking unit, according to two people familiar with the hire.Deasy’s future has been a subject...
The boutique investment bank Lazard is set to advise a greater number of fast-growing start-ups in the US as part of a broader push to expand its private-capital offering. Lazard is assembling a team of six specialist bankers to be...
Grasshopper Bank is partnering with finance automation platform Ramp to provide virtual and physical corporate cards with a host of features to its business clients. The $606 million digital bank and fintech worked together over the last six months to...
Brinda Bhattacharjee, chief operating officer for transaction banking in platform solutions at Goldman Sachs, will headline the fireside chat at the Bank Automation Summit U.S. 2023 on Thursday, March 2, at 10:00 a.m. ET, to discuss the bank’s digital-first strategy...
The Qatar Investment Authority has doubled its stake in Credit Suisse, becoming the second-biggest shareholder after the Saudi National Bank and underlining the growing importance of Middle Eastern investors to the ailing Swiss bank.The move comes as US shareholders sell...
