30 Dec 2022, 18:54
Wall Street is all about its tech these days. We pulled together our best stories covering startups, banks, and hedge funds efforts to innovate.
The rupee appreciated 16 paise to 82.71 against the US dollar in early trade on Friday, tracking a firm trend in domestic equities. Forex traders said sustained foreign fund outflows weighed on investor sentiments and restricted the appreciation bias.
29 Dec 2022, 19:18
While 2022 wasn’t a massive year for banks, they also largely avoided most of the carnage that impacted other industries, like tech and crypto.
Widening trade gap pushed up the country’s current account deficit to USD 36.4 billion or 4.4 per cent of the GDP in the second quarter of the current fiscal, as per data released by the Reserve Bank on Thursday. India’s current account balance recorded a deficit of USD 36.4 billion in July-September 2022-23, up from USD 18.2 billion (2.2 per cent of GDP) in the first quarter of the fiscal and USD 9.7 billion (1.3 per cent of GDP) in the year ago period.
29 Dec 2022, 17:59
Meet the Indian industrialist worth almost as much as Elon Musk after getting $42 billion richer this year
Gautam Adani’s net wealth stands at $119 billion, according to the Bloomberg Billionaires Index, making him the world’s third-richest person.
The rupee opened on a flat note against the US dollar on Thursday as softening crude oil prices in the global markets supported the local currency. Traders said the domestic unit is trading in a narrow range as muted domestic equities and sustained foreign fund outflows capped the appreciation bias.
29 Dec 2022, 00:29
Bankers are expecting a terrible bonus season. A survey says 72% will consider quitting if theirs gets cut.
Amid worsening economic conditions and a slowdown in M&A and IPO activity on Wall Street, banker bonuses are expected to drop as much as 45%.
28 Dec 2022, 23:22
Meet 25 up-and-coming investors, traders, and dealmakers at firms like Blackstone, Citadel, and Goldman Sachs
As Wall Street navigates volatile markets, fewer deals, and plummeting company valuations, we take a look at the players rising up.
28 Dec 2022, 18:43
From activist investing and private credit to the politics of ESG, here are the themes that defined hedge funds and asset managers in 2022.
The rupee gained 7 paise to close at 82.80 (provisional) against the US dollar on Wednesday, as softening crude oil prices in the global markets boos…
The rupee opened on a flat note against the US dollar on Wednesday amid rising crude oil prices and persistent foreign capital outflows. Forex trader…
27 Dec 2022, 18:44
From high-profile dealmakers to market-moving portfolio managers, these are some of the top people across Wall Street we profiled in 2022.
26 Dec 2022, 18:52
Caroline Ellison told a judge she’s ‘truly sorry’ for defrauding FTX customers – and ‘knew that it was wrong’
Former Alameda Research CEO made the comments when pleading guilty to seven criminal counts relating to the FTX collapse, The New York Times reported.
A general perception is that most of the rural population is not well-versed in digital banking in India.
25 Dec 2022, 14:52
A woman who planned to donate part of her liver to get her son a job has been fined $2,300, report says
A Korean woman agreed to help the ill chairman of a construction company, but a nurse became suspicious and reported them, The Hankyoreh reported.
23 Dec 2022, 18:50
Goldman Sachs’ year-end bonuses are going to be brutal, and everyone’s pointing fingers on who’s to blame
Goldman Sachs is considering deep cuts to employees’ bonus pools this year, and it could set off a wave of defections.
22 Dec 2022, 18:45
Life at Wall Street headhunting firm Durlston Partners appeared picturesque, but some insiders say that wasn’t the reality
Wall Street headhunting firm Durlston Partners presented a public image of a fast-moving, fun firm. But insiders painted a different picture.
22 Dec 2022, 03:50
Since buying the Mets, Steve Cohen has developed an approachable reputation and a Twitter following.
21 Dec 2022, 18:44
The bank has been ordered to pay billions in fines to settle investigations stemming from its treatment of customers within its retail bank.
In a tightening cycle, a premature pause in monetary policy action would be a costly policy error, Reserve Bank Governor Shaktikanta Das opined while voting along with five other members of the MPC for raising the key lending rate by 35 basis points earlier this month, according to the minutes of the meeting released on Wednesday. Prior to the December hike in repo rate, the RBI had raised the key short-term lending rate by 190 bps in four tranches.
The present credit growth is far away from being considered “exuberant” and there is no “big gap” between the credit growth and deposit accretion when looked at the absolute numbers, RBI Governor Shaktikanta Das said on Wednesday. “I think the credit growth at the current point is certainly far far away from exuberance or something like that. It is definitely very, very steady. We are monitoring it very very carefully,” Das said while speaking at the BFSI Summit organised by Business Standard.
20 Dec 2022, 19:03
Private-equity firms are coming around to the idea of using more data in the investment process. It’s still an uphill battle.
Blackstone rolled out a data tool for its PE portfolio after its success within its real-estate business. Here’s why PE firms are warming up to data.