Robinhood Hits Back at SEC, Warns of Threat to Zero-Commission Trading
Alexander Osipovich, The Wall Street Journal
Regulator’s proposals would crimp payment for order flow, a key source of the brokerage’s revenue.
Many on Wall St. Turned Down Carlyle Before It Hired Its C.E.O.
Maureen Farrell, The New York Times
In November, Bill Conway, then interim chief executive of Carlyle, the investing behemoth he helped to start in 1987, walked around the firm’s Manhattan headquarters asking younger employees: “Would you like to take my job?”
New Carlyle CEO Schwartz Gets Shot at $180 Million Incentive
Dawn Lim, Bloomberg
Carlyle Group Inc. said it plans to give incoming Chief Executive Officer Harvey Schwartz a five-year stock incentive package valued at $180 million — if he can lift the firm’s sagging share price.
Carlyle fundraising slowed sharply during chief executive hunt
Antoine Gara, Financial Times
Slowdown underlines pressure on Harvey Schwartz after he was appointed to the top job this week
NYSE Plans to Pay in Full Majority of Claims After Glitch
Katherine Doherty, Bloomberg
Investors burned by last month’s malfunction on the New York Stock Exchange can recoup all of their losses, but only if their trades fit certain parameters. The rest may wind up with nothing.
Oklahoma joins in ESG backlash, creating its own boycott list
Margarida Correia, Pensions & Investments
Oklahoma State Treasurer Todd Russ announced Feb. 1 that he had started the process of compiling a list of financial institutions with which Oklahoma government entities will be prohibited from doing business because of their environmental, social and governance policies.
Credit Suisse markets CSFB as ‘super boutique’, sees revenue rebound
Paritosh Bansal, Reuters
Credit Suisse Group AG is marketing its First Boston investment banking unit to investors as a “super boutique” and sees revenue surging to as much as $3.5 billion, as the embattled lender seeks to raise funds for the revamped business, a company document seen by Reuters shows.
India’s Adani still eligible to be part of influential JPMorgan bond indexes
India’s Adani group of companies, which in recent weeks has seen a brutal selloff in its bonds and shares after being targeted by a U.S. short-seller, is still eligible for inclusion in JPMorgan’s influential bond indexes, the bank said in a note.
Goldman Sachs to invest over $1 bln in Europe biomethane venture
Virginia Furness, Reuters
Goldman Sachs Asset Management said on Monday it had launched a biomethane business called Verdalia Bioenergy and aimed to invest more than 1 billion euros ($1.08 billion) in Europe over the next four years.