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Banker At US Firm Hospitalised With Pancreatic Failure After 110-Hour Workweek
The bankers claimed that they were assigned 20-hour workdays and faced criticism if they left their desks after working all night.
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Abu Dhabi’s ADQ, FAB and IHC Announce Plans for Dirham-Backed Stablecoin
Abu Dhabi’s ADQ sovereign wealth fund, the First Abu Dhabi Bank (FAB), and investment firm IHC have planned to launch a Dirham-backed stablecoin. The token will be supported on the ADI blockchain, developed by an Abu Dhabi-based non-profit firm called the ADI Foundation.
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RBI Governor Sanjay Malhotra Asks US Industry To Invest In India
Reserve Bank Governor Sanjay Malhotra has exhorted the US industry to invest in India, stressing that the country continues to be the fastest growing major economy supported by policy consistency and certainty.
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Goldman Sachs Says Kamala Harris' Victory Better For US Economy
The investment bank stated the US economic growth would likely witness the biggest boost in the coming two years from a Democratic government, headed by Kamala Harris.
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Panic Attacks, 100-Hour Work Week: Employees Recount Harsh Realities Of Working On Wall Street
Several employees have now been opening up about the ''demanding and challenging'' work culture and outlining the harsh realities of working on Wall Street.
-
Goldman Sachs Looking at Buying, Investing in Bargain Crypto Firms Impacted by FTX Collapse
Goldman Sachs is planning on buying or investing in crypto firms affected by the collapse of Sam Bankman-Fried's FTX crypto exchange last month. The global investment bank is doing due diligence on a number of different crypto firms, according to Goldman Sachs' head of digital assets.
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Genesis Crypto Brokerage Working to Avoid Bankruptcy Filing, Resolve Lending Business Issues
Genesis, the US crypto brokerage said on Tuesday that it was working to resolve the "current situation in the lending business" without the need for bankruptcy filing, after a report that the firm's creditors were organising with restructuring lawyers in an attempt to stop the brokerage from meeting the same fate as FTX, the crypto exchange that co...
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Gold Dips After Federal Reserve Chief Doubles Down On Inflation Fight
Gold prices inched lower on Thursday, pressured by expectations of aggressive interest rate hikes after the US Federal Reserve chief doubled down on the central bank's fight against inflation.
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Cryptocurrency: US President Joe Biden Signs Executive Order on Government Oversight as Use Explodes
US President Joe Biden is signing an executive order on government oversight of cryptocurrency that urges the Federal Reserve to explore whether the central bank should jump in and create its own digital currency.
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US Targets Russia's Central Bank In Latest Sanctions Action
United States on Monday blocked Americans from engaging in any transactions involving Russia's central bank, National Wealth Fund and finance ministry
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ServiceTitan, Last Valued At $9.5 Billion, Prepares For U.S. IPO: Report
ServiceTitan, which caters to the booming home improvement sector, has in recent weeks invited investment banks and law firms to pitch for roles in its IPO, the sources said.
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Super League Announcement Opens Unprecedented Conflict In European Football
The planned breakaway Super League was roundly condemned by fans and federations across Europe.
-
ByteDance Said to Be in Early Talks to List Its Chinese Short Video App Douyin in Hong Kong
TikTok-owner ByteDance is in preliminary talks with investment banks to list its Chinese short video app Douyin in Hong Kong, according to sources. Investment banks are said to be doing research and analysis about a standalone IPO for Douyin.
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TikTok Rival Triller Said to Explore Deal to Go Public
Triller, a budding competitor to popular short-video app TikTok, is in discussions with blank-check acquisition companies about a merger which would take the US social media company public, according to people familiar with the matter.
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Microsoft Denies US Suggestion Its Diversity Plan Illegally Discriminates by Race
Microsoft on Tuesday denied a recent suggestion by the US Department of Labor that its plan to bolster diversity, including by investing $150 million and doubling the number of Black employees in high-ranking positions, amounted to illegal race discrimination.
-
Banker At US Firm Hospitalised With Pancreatic Failure After 110-Hour Workweek
The bankers claimed that they were assigned 20-hour workdays and faced criticism if they left their desks after working all night.
-
Abu Dhabi’s ADQ, FAB and IHC Announce Plans for Dirham-Backed Stablecoin
Abu Dhabi’s ADQ sovereign wealth fund, the First Abu Dhabi Bank (FAB), and investment firm IHC have planned to launch a Dirham-backed stablecoin. The token will be supported on the ADI blockchain, developed by an Abu Dhabi-based non-profit firm called the ADI Foundation.
-
RBI Governor Sanjay Malhotra Asks US Industry To Invest In India
Reserve Bank Governor Sanjay Malhotra has exhorted the US industry to invest in India, stressing that the country continues to be the fastest growing major economy supported by policy consistency and certainty.
-
Goldman Sachs Says Kamala Harris' Victory Better For US Economy
The investment bank stated the US economic growth would likely witness the biggest boost in the coming two years from a Democratic government, headed by Kamala Harris.
-
Panic Attacks, 100-Hour Work Week: Employees Recount Harsh Realities Of Working On Wall Street
Several employees have now been opening up about the ''demanding and challenging'' work culture and outlining the harsh realities of working on Wall Street.
-
Goldman Sachs Looking at Buying, Investing in Bargain Crypto Firms Impacted by FTX Collapse
Goldman Sachs is planning on buying or investing in crypto firms affected by the collapse of Sam Bankman-Fried's FTX crypto exchange last month. The global investment bank is doing due diligence on a number of different crypto firms, according to Goldman Sachs' head of digital assets.
-
Genesis Crypto Brokerage Working to Avoid Bankruptcy Filing, Resolve Lending Business Issues
Genesis, the US crypto brokerage said on Tuesday that it was working to resolve the "current situation in the lending business" without the need for bankruptcy filing, after a report that the firm's creditors were organising with restructuring lawyers in an attempt to stop the brokerage from meeting the same fate as FTX, the crypto exchange that co...
-
Gold Dips After Federal Reserve Chief Doubles Down On Inflation Fight
Gold prices inched lower on Thursday, pressured by expectations of aggressive interest rate hikes after the US Federal Reserve chief doubled down on the central bank's fight against inflation.
-
Cryptocurrency: US President Joe Biden Signs Executive Order on Government Oversight as Use Explodes
US President Joe Biden is signing an executive order on government oversight of cryptocurrency that urges the Federal Reserve to explore whether the central bank should jump in and create its own digital currency.
-
US Targets Russia's Central Bank In Latest Sanctions Action
United States on Monday blocked Americans from engaging in any transactions involving Russia's central bank, National Wealth Fund and finance ministry
-
ServiceTitan, Last Valued At $9.5 Billion, Prepares For U.S. IPO: Report
ServiceTitan, which caters to the booming home improvement sector, has in recent weeks invited investment banks and law firms to pitch for roles in its IPO, the sources said.
-
Super League Announcement Opens Unprecedented Conflict In European Football
The planned breakaway Super League was roundly condemned by fans and federations across Europe.
-
ByteDance Said to Be in Early Talks to List Its Chinese Short Video App Douyin in Hong Kong
TikTok-owner ByteDance is in preliminary talks with investment banks to list its Chinese short video app Douyin in Hong Kong, according to sources. Investment banks are said to be doing research and analysis about a standalone IPO for Douyin.
-
TikTok Rival Triller Said to Explore Deal to Go Public
Triller, a budding competitor to popular short-video app TikTok, is in discussions with blank-check acquisition companies about a merger which would take the US social media company public, according to people familiar with the matter.
-
Microsoft Denies US Suggestion Its Diversity Plan Illegally Discriminates by Race
Microsoft on Tuesday denied a recent suggestion by the US Department of Labor that its plan to bolster diversity, including by investing $150 million and doubling the number of Black employees in high-ranking positions, amounted to illegal race discrimination.
