March 18 (Reuters) – BlackRock Inc (BLK.N) Vice Chairman Philipp Hildebrand takes part in talks as Swiss officials try to hammer out a deal for UBS Group (UBSG.S) to take over Credit Suisse Group AG (CSGN.S), Bloomberg News reported on Saturday, citing unidentified sources. Asked about the report, BlackRock spokesman Ryan O’Keeffe said in a … Read more
BEIJING, March 10 (Reuters) – Xi Jinping secured an unprecedented third term as China’s president on Friday in a parliamentary session in which he tightened his grip on the world’s second-largest economy as it emerges from a COVID crisis and diplomatic challenges mount. Nearly 3,000 members of China’s parliament, the National People’s Congress (NPC), voted … Read more
March 5 (Reuters) – Harris Associates, one of Credit Suisse’s oldest shareholders CSGN.S, has sold its entire stake in the Swiss bank after losing patience with its strategy to end losses persistence and customer exodus, reported the Financial Times. on Sunday. Harris, who had remained loyal despite a series of scandals at Credit Suisse, revealed … Read more
WASHINGTON, Feb 28 (Reuters) – The Biden administration said on Tuesday it would ask companies that get funding from its $52 billion U.S. semiconductor manufacturing and research program to share excess profits and explain how they plan to provide affordable childcare. The Commerce Department on Tuesday released plans to begin accepting applications in late June … Read more
Feb 25 (Reuters) – Blackstone Inc (BX.N) CEO Steve Schwarzman has won around $1.26 billion in salaries and dividends for 2022, a regulatory filing shows. Schwarzman received more than $1 billion in dividends on his Blackstone shares and $253.1 million in compensation, according to the filing released Friday. Goldman Sachs Group Inc (GS.N) cut CEO … Read more
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