Citi’s China brokerage push set to intensify competition in local market
The American bank, in 2021, applied for a wholly-owned mainland brokerage unit licence to ramp up its presence in China...
Tag : Wall Street
Wall Street bets USD 500 billion on Nvidia’s AI boom as Big Tech faces debt concerns
NVIDIA has struck partnerships with Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs and KKR to create "compute financing platforms" to fund AI boom...
Hackers dial Wall Street as ‘Vishing Wave’ hits private equity giants
A single extortion crew hiding behind four brand names used phone calls and fake passkey portals to hunt the Wall Street's financial giants...
Trading, dealmaking booms to hand Wall Street bankers bumper bonuses, says consultancy
Equity traders and M&A advisers are expected to receive the biggest pay rises as market volatility and record deal activity fuel earnings growth...
SpaceX: From history’s biggest IPO to Wall Street’s most crowded short
Almost a third of SpaceX's tradable stock has been sold short six weeks after listing, handing the bears USD 15.5 billion...
IF Insights: Why IBM’s stock market crash wasn’t really surprising
Anthropic has already shown that its tools could modernise COBOL, the ageing programming language that runs on IBM mainframes...
Business Leader of the Week: Inside Jamie Dimon’s rewiring of JPMorgan into Wall Street giant
Few CEOs anywhere have become so bound up with the company they run that markets have coined a phrase for the value they personally add to the stock price...
With a 25% downfall, IBM shares suffer worst day after earnings warning
In a massive setback for CEO Arvind Krishna, IBM sees its Q2 revenue coming in at USD 17.2 billion, missing analyst forecasts of USD 17.86 billion...
Deutsche Bank steps in as Chinese used-car AI firm DSC Holdings lists on Nasdaq
DSC priced its initial public offering at USD 17 per American depositary share, selling three million of them and raising around USD 51 million before fees...
Short sellers gain USD 8.7 billion on SpaceX’s valuation decline
Talking about SpaceX's market dip, from the post-IPO high of USD 225.64, the stock has come down to USD 135...