The only free news source for serious moves across finance

Archive

Browse all published articles from our finance deal feed

CAP

HSBC Has Moved On From Multiple Accountability, CEO Elhedery Says

Georges Elhedery, chief executive officer of HSBC, discusses efforts to reduce bureaucracy at the lender and simplify its decision-making process.

Georges Elhedery, chief executive officer of HSBC, discusses efforts to reduce bureaucracy at the lender and simplify its decision-making process. "We moved from 0% single accountability — everything had dual or multiple accountability," Elhedery tells Bloomberg's Francine Lacqua. "Now about 60% of our revenue is generated under single accountability." (Source: Bloomberg)
Bloomberg MarketsDec 9, 10:00 PM
CAP

SpaceX Said to Pursue 2026 IPO Raising Far Above $30B

SpaceX is moving ahead with plans for an initial public offering that would seek to raise significantly more than $30 billion, people familiar with the matter said, in a transaction that would make it the biggest listing of all time.

SpaceX is moving ahead with plans for an initial public offering that would seek to raise significantly more than $30 billion, people familiar with the matter said, in a transaction that would make it the biggest listing of all time. The Elon Musk-led company is targeting a valuation of about $1.5 trillion for the entire company, which would leave SpaceX near the market value that Saudi Aramco established during its record 2019 listing. The oil...
Bloomberg MarketsDec 9, 9:55 PM
REG

Canada’s US Envoy to Step Down; Mark Wiseman Seen as Likely Successor

Canada’s ambassador to Washington is preparing to leave office, and Prime Minister Mark Carney is considering a former BlackRock Inc.

Canada’s ambassador to Washington is preparing to leave office, and Prime Minister Mark Carney is considering a former BlackRock Inc. senior executive for the job ahead of crucial trade talks with the US and Mexico.
Bloomberg PoliticsDec 9, 9:53 PM
CAP

Citadel Alum Jack Woodruff to Shutter Hedge Fund Candlestick

A former Citadel trader, Jack Woodruff, is winding down Candlestick Capital, the hedge fund he started in 2019.

A former Citadel trader, Jack Woodruff, is winding down Candlestick Capital, the hedge fund he started in 2019. More than 2,800 hedge funds have closed since the start of 2020, exceeding the number of launches. Bloomberg's Nishant Kumar talked about the story on "Bloomberg Markets" with Scarlet Fu. (Source: Bloomberg)
Bloomberg MarketsDec 9, 9:46 PM
CAP

Bankers Readying US IPOs Ahead of 2026

Behind The scenes, the US IPO market is heating up.

Behind The scenes, the US IPO market is heating up. With equity indexes near record highs and companies emerging from the shutdown backlog, bankers say they're seeing a surge in mandates and early signs that 2026 could be a breakout year. Bloomberg's Bailey Lipschultz talked about the story on "Bloomberg Markets" with Scarlet Fu. (Source: Bloomberg)
Bloomberg MarketsDec 9, 9:38 PM
CAP

Bond Traders Cast Doubt on Extended Fed Rate Cuts Past December

Bond traders are betting on a shallower path of Federal Reserve interest-rate cuts in the year ahead, part of a global move to wager that major central banks will slow or halt their monetary easing.

Bond traders are betting on a shallower path of Federal Reserve interest-rate cuts in the year ahead, part of a global move to wager that major central banks will slow or halt their monetary easing.
Bloomberg MarketsDec 9, 9:30 PM
RUMOR

Ethereum network sees 62% drop in fees: Is ETH price at risk?

Ethereum’s base layer demand softened in November, but ETH’s underlying price supports and strong layer-2 growth show the network still has momentum despite a drop in fees and TVL.

Ethereum’s base layer demand softened in November, but ETH’s underlying price supports and strong layer-2 growth show the network still has momentum despite a drop in fees and TVL.
Cointelegraph - Altcoin NewsDec 9, 9:21 PM