Goldman Pays Up for Talent, Sending Profits Down
The Wall Street giant's compensation expenses soared 33% in 2021, contributing to a fourth-quarter earnings decline. JPMorgan and Citigroup also spent more on pay.
Blackstone Property Fund Targeting Small Investors Passes $50 Billion
Blackstone Real Estate Income Trust, started five years ago, has scooped up rental-apartment buildings, warehouses, office buildings and casinos, among other types of properties.
Puerto Rico Released From Bankruptcy as Problems Persist
A federal judge approved the largest-ever restructuring of U.S. municipal bonds, easing the island's re-entry to capital markets.
Charles Schwab Stock Tumbles as Earnings Miss Estimates
Fourth-quarter adjusted earnings of 86 cents a share missed analysts' estimates by 2 cents.
Crypto.com Halts Withdrawals After Suspicious Account Activity
CEO Kris Marszalek said no user funds were lost. The company will offer a full report after it completes an investigation.
Wells Fargo Names Derek Flowers Its Chief Risk Officer
Mr. Flowers, a 24-year veteran at the bank and previously its head of strategic execution and operations, replaces Amanda Norton in the role.
BJ's Wholesale Club to Move Credit Cards to Capital One, a Blow to ADS
The warehouse club sued Alliance Data Systems, saying the card issuer isn't moving fast enough to transfer accounts.
EQT Aims to Raise Almost $23 Billion for Buyout Fund
EQT AB expects to raise at least EUR20 billion, equivalent to about $22.81 billion, for a 10th buyout fund to further expand its U.S. presence, according to Per Franzen, a partner and global head of private capital's advisory teams.
TCV Aims for $5.5 Billion for Latest Growth Fund
Technology Crossover Ventures, which has backed vacation rental company Airbnb, exercise equipment maker Peloton and video streaming service Netflix, has returned to the fundraising circuit and is targeting $5.5 billion for its latest flagship private-equity fund, according to people familiar with the effort.
Melody Collects $1.95 Billion for Digital Infrastructure Fund
Melody Investment Advisors has raised $1.95 billion for a new fund to invest in cell towers, optical fiber, data centers and other digital infrastructure, aiming to seize on growing data volumes.
(END) Dow Jones Newswires