#BlackRock’s Larry Fink making leadership changes

#BlackRock’s Larry Fink making leadership changes

“BlackRock’s Larry Fink making leadership changes” BlackRock plans to make a slew of leadership changes across divisions and create a new unit, according to a memo seen by Reuters on Wednesday, at a time when the asset manager resists pressure to remove its Chief Executive Larry Fink. With Fink at the helm, the world’s largest asset…

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#GOP to launch investigations into big business

#GOP to launch investigations into big business

“GOP to launch investigations into big business” The party will be over for big businesses that push “woke” agendas once the Grand Old Party takes over the House next month, insiders told The Post. Long viewed as the party of big business, fed-up Republicans will now lead committees and have subpoena power as they seek…

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#Goldman Sachs’ David Solomon eyes bargain crypto firms

#Goldman Sachs’ David Solomon eyes bargain crypto firms

“Goldman Sachs’ David Solomon eyes bargain crypto firms” Goldman Sachs plans to spend tens of millions of dollars to buy or invest in crypto companies after the collapse of the FTX exchange hit valuations and dampened investor interest. FTX’s implosion has heightened the need for more trustworthy, regulated cryptocurrency players, and big banks see an opportunity to…

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#Jamie Dimon warns of possible ‘mild to hard’ recession

#Jamie Dimon warns of possible ‘mild to hard’ recession

“Jamie Dimon warns of possible ‘mild to hard’ recession” Wall Street titan Jamie Dimon warned of a possible “mild to hard recession” as the Federal Reserve continues to hike interest rates — and meanwhile ridiculed cryptocurrencies, calling them as useless as “pet rocks.” The hard-charging chief executive of JPMorgan Chase said America’s global economic advantages…

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#Bill Ackman denies defending Sam Bankman-Fried after FTX failure

#Bill Ackman denies defending Sam Bankman-Fried after FTX failure

“Bill Ackman denies defending Sam Bankman-Fried after FTX failure” Billionaire investor Bill Ackman pushed back on claims he was defending Sam Bankman-Fried after tweeting the crypto huckster’s excuses for FTX’s collapse were “believable.” The Pershing Square Capital Management boss turned heads last week after saying, “Call me crazy, but I think @sbf is telling the truth” –following…

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