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Brevan Howard Cuts More Than 100 Staff in Restructuring Push

(Bloomberg) -- Brevan Howard Asset Management is cutting around 10% of its workforce — or about 100 employees — to reduce costs as one of the world’s best known hedge funds streamlines its rapidly growing operation.Most Read from BloombergElon Wants His Money BackDubai Grinds to Standstill as Flooding Hits CityRecord Rainfall in Dubai? Blame Climate Change, Not Cloud SeedingIsrael Launches Retaliatory Strike on Iran, US Officials SaySingapore Loses ‘World’s Bes...
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Source: yahoo.com

Bill Holdings Nears $1.95 Billion Payments Deal for Melio

(Bloomberg) -- Bill Holdings Inc. is in advanced talks to acquire Melio Payments, a provider of digital payment tools, people with knowledge of the matter said. Most Read from BloombergRockstar Plans to Announce Much Anticipated ‘Grand Theft Auto VI’US 30-Year Mortgage Rate Tumbles by Most in More Than a YearVIX Notches Its Longest Slide Since October 2015: Markets WrapVirginia Democrats Fend Off Republican Sweep in Win for Abortion RightsXi to Meet US Business Leaders for Dinner i...
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Source: yahoo.com

Citi Gets Credit Card Boost as Borrowers Start to Struggle

(Bloomberg) -- Citigroup Inc., the world’s second-largest credit-card issuer, is reaping the gains as customers borrow more — even as a growing number struggle to make payments.Most Read from BloombergSingapore Arrests Minister, Property Tycoon in Graft ProbeHow Much Income You Need to Crack America's Richest 1%DeSantis Says No Thanks to $377 Million in US Energy FundsEx-Celsius CEO Alex Mashinsky Charged With Crypto FraudBiden Administration to Forgive $39 Billion in Student ...
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Source: yahoo.com

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U.S. Fraud Crackdown Eroding Private Equity's Liability Shield

U.S. Fraud Crackdown Eroding Private Equityโ€™s Liability Shield By Sabrina Willmer | February 23, 2021 Insiders said one company pushed unnecessary pain medication to the U.S. military; another promoted an unproven treatment for children with cancer; and a third used unlicensed counselors to treat poor people with mental illness. In all three cases, taxpayers footed the bill โ€” and, before long, government authorities came looking for the companiesโ€™ owner...
United States William Mcswain Peter Eichenbaum Ethan Davis Christine Martino Fleming Alec Gores

Wellington's Next CEO Sees Active Management Regaining Clout

Jean Hynes discusses active management, private equity and lessons she can offer other women on Wall Street. Michael McDonald | Feb 08, 2021 ย  (Bloomberg) -- Jean Hynes knows the value of perseverance. Hired after college by Wellington Management in Boston as an administrative assistant, she rose through the research and portfolio-manager ranks over three decades. In June, she takes over as chief executive officer when Brendan Swords leaves the closely held company, which traces its root...
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