Wall
After years in private equity’s shadow, Wall Street’s biggest banks are reclaiming their status as some of finance’s top-paying employers. Loading audio narration… A new report from compensation consultancy Johnson Associates found that major banks are projected to increase bonuses by 39% from 2022 levels, outpacing wealth management and hedge…
Anthropic’s new technique for nabbing customers: Partner with the companies that own them. Loading audio narration… The AI giant is rolling out a consulting business with the help of Goldman Sachs, Blackstone, and Hellman & Friedman. That group will serve as the founding partners, but investing giants like General Atlantic,…
Wall Street and Silicon Valley are betting that generative AI will kick off an Industrial Revolution-sized paradigm shift. And who do business leaders call when they need to make a change? Loading audio narration… Consultants.Anthropic is teaming up with some of Wall Street’s biggest investors for a $1.5 billion joint…
Gen Z founders have launched into the business world with a bang, and legacy brands have been trying to keep up ever since. Just ask Eve Halimi.Halimi and Anam Lakhani created Alinea, an investment platform designed for the next generation of wealth-builders, in 2021. The pair began building Alinea after…
A New York City tax proposal targeting ultrawealthy homeowners is drawing fierce backlash from business and financial figures. Loading audio narration… “NYC is cooked,” wrote Austin-based entrepreneur Jason Calacanis in a post on X, capturing a wave of alarm among investors, executives, and conservative commentators after Gov. Kathy Hochul and…
A business owned by Wall Street law firm Cleary Gottlieb has begun selling software that could help clients send less work to firms like its own. Loading audio narration… For years, law firms have worried that artificial intelligence will make lawyers faster and cut into billable hours. ClearyX, a Cleary…
Citi is eyeing the AI dealmaking frenzy as its moment to close the gap with Wall Street rivals. Loading audio narration… In late February, the bank established an AI Infrastructure group, noting in an internal memo that the build-out could require an estimated $3 trillion in capital by 2030 —…
Finance types can’t stop talking about Citrini Research’s “Analyst #3” and what the firm says was a wild trip to the Strait of Hormuz. Loading audio narration… Wall Street’s denizens and market watchers across the globe rushed to X to commend the intrepid analyst with memes, GIFs, and kudos-filled posts.It’s insane…
Jamie Dimon warned that companies could leave high-tax cities like New York — but so far, they aren’t. Loading audio narration… In his annual letter to shareholders, the JPMorgan CEO said New York City has “much going for it,” but it also has high corporate and individual income taxes that are…
