Credit Suisse Looks to Reduce Ties to SoftBank-Backed Greensill Capital

The Swiss bank has grown concerned about the speciality finance firm's exposure to a single client. 


 
McKinsey's Leadership Vote Reveals Cracks in Its Global Partnership

A $573 million settlement for the company's work with opioids makers prompted complaints from overseas partners, as tension rose amid changes made by top partner Kevin Sneader. 


 
Geode Closes Hedge-Fund Business

Geode Capital Management's largest private fund lost about $250 million after its bets on stock-market volatility turned sour last year, people familiar with the matter said. 


 
Goldman Consumer Head Is Leaving to Run Walmart Fintech

Omer Ismail, who helped build Goldman's consumer-banking business from scratch, will take on a similar task at Walmart. 


 
Bond-Market Tumult Puts 'Lower for Longer' in the Crosshairs

A wave of selling during the past two weeks drove up the yield on the benchmark 10-year Treasury note, which helps set borrowing costs on everything from corporate debt to mortgages, to its highest level since the pandemic began. 


 
SoftBank Reaches $1.6B Settlement with Neumann, WeWork Committee

SoftBank Group said that it had reached a $1.6 billion settlement agreement with WeWork co-founder Adam Neumann and the special committee of WeWork's board. 


 
AMMB Holdings Reaches $700 Million Settlement With Malaysia Over 1MDB

AMMB Holdings will pay about $700 million to the Malaysian government to settle claims related to its involvement in a multibillion-dollar financial scandal involving state investment fund 1Malaysia Development Bhd., or 1MDB. 


 
Warren Buffett Defends Berkshire Hathaway's $25 Billion in Buybacks

The conglomerate's fourth-quarter profits rose to $35.8 billion on the back of a soaring stock market. For the year, Berkshire bought back nearly $25 billion in shares. 


 
New CEO Hits Refresh at Citigroup

Jane Fraser wants to simplify Citigroup, the original megabank. That won't be easy. 


 
Investors Worry the Fed's Fast Driving Means It'll Have to Hit the Brakes

This past week, bond yields jumped and stocks fell. The trouble was that yields jumped for reasons other than economic optimism, and stocks didn't like it.

(END) Dow Jones Newswires

03-01-21 0015ET