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Today: January 23, 2025
Today: January 23, 2025
Pritam Biswas

Pritam Biswas

Staff Writer

Latest From Pritam Biswas

Business|Economy|Finance

BofA's Merrill offering spot bitcoin ETFs to clients, source says

Bank of America's Merrill Lynch has been offering spot bitcoin exchange-traded funds to eligible wealth management clients, a source familiar with the

BofA's Merrill offering spot bitcoin ETFs to clients, source says
Business|Finance

Warburg Pincus names insider Jeffrey Perlman as CEO, succeeding Chip Kaye

Warburg Pincus said on Wednesday it has named veteran insider Jeffrey Perlman as its chief executive officer, in only the third generation of leadership for the private

Business|Finance|Technology

Sequoia Capital-backed Vanta raises funding at $2.45 billion valuation

Online security and compliance management platform Vanta said on Wednesday it had raised $150 million in a fresh funding round led by venture capital firm Sequoia Capital,

Sequoia Capital-backed Vanta raises funding at $2.45 billion valuation
Business|Finance|Stock Markets

KKR-backed OneStream surges in market debut

Shares of financial software maker OneStream, backed by private equity firm KKR, rose nearly 30% in their Nasdaq debut on Wednesday, valuing the company at

KKR-backed OneStream surges in market debut
Business|Finance|Stock Markets|US

JPMorgan stock slumps as interest income warning rattles market

JPMorgan Chase shares fell more than 5% after the president of the largest U.S. bank tempered the outlook for its earnings from interest payments

JPMorgan stock slumps as interest income warning rattles market
Business|Economy|Finance|Stock Markets|US

US banks extend fall as investors assess executives' sobering forecasts

U.S. bank stocks fell on Wednesday, extending declines after top executives warned of a slower-than-anticipated recovery in investment banking and an expected hit to

US banks extend fall as investors assess executives' sobering forecasts
Business|Finance

Lazard reports August outflows of $7.5 billion due to client's strategy switch, source says

Lazard's asset management business saw net outflows of $7.5 billion in August after one of its clients switched to a passive investing strategy, a person

Business|Finance|Stock Markets|US

AmEx profit beats as expense discipline offsets spending slowdown

American Express reported third-quarter profit above Wall Street estimates on Friday, benefiting from disciplined expense management that helped cushion a

AmEx profit beats as expense discipline offsets spending slowdown
Business|Finance|Technology

Coinbase posts third-quarter profit on trading strength

Coinbase Global posted a third-quarter profit on Wednesday, helped by strong trading volumes at the exchange as cryptocurrency increasingly becomes a part of the

Coinbase posts third-quarter profit on trading strength
Business|Economy|Finance|Stock Markets|US

Cboe beats third-quarter profit estimates on strong hedging activity

Cboe Global Markets reported better than expected third-quarter profit on Friday, helped by strong options trading as investors actively hedged against

Cboe beats third-quarter profit estimates on strong hedging activity
Business|Economy|Finance|US

Gallagher strikes $13.5 billion deal for AssuredPartners to strengthen insurance broker business

Arthur J Gallagher will buy insurance broker AssuredPartners in a $13.45 billion all-cash deal, it said on Monday, as it deepens focus on property

Gallagher strikes $13.5 billion deal for AssuredPartners to strengthen insurance broker business
Business|Economy|Finance|US

PNC says banks with core retail deposits could be M&A targets

PNC Financial Services Group would look at banks with core retail deposits in the right markets for mergers and acquisitions but would avoid lenders with heavy

PNC says banks with core retail deposits could be M&A targets
Business|Crime|Finance|Stock Markets|US

Hindenburg founder to close short-seller behind Adani, Nikola selloffs

Hindenburg Research's founder said he would disband the firm whose reports sparked heavy selling by investors and

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