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Barclays Investment Bankers Should Get a Move On: Paul J. Davies

Barclays needs to show more progress in its investment bank to bring its goals in sight.

By <-bsp-bb-link state="{"bbHref":"bbg://people/profile/22441371","_id":"0000018f-1563-d583-afbf-d7ff945a0000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">Paul J. Davies

Quinn Emanuel Opens Riyadh Office, Firm’s Fourth in Middle East

Quinn Emanuel Urquhart & Sullivan secured a license to practice law in the Kingdom of Saudi Arabia, following at least 30 other global firms that are vying to gain a foothold in the region.

FDIC Officials Seek More Sway Over Passive Bank Investments

The <-bsp-bb-link state="{"bbHref":"bbg://securities/3688Z%20US%20Equity","_id":"0000018f-15e6-d583-afbf-d7fe500f0000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">Federal Deposit Insurance Corp. is weighing new hurdles for investment companies that want to take major stakes in banks.

Hawaiian Electric Said to Weigh Sale of American Savings Bank

<-rte-company state="{"_id":"0000018f-15fc-d583-afbf-d7fca93a0000","_type":"00000160-4b23-d8bd-adfd-4b3348fd0000"}">Hawaiian Electric Industries Inc., the utility under <-bsp-bb-link state="{"bbDocId":"SAREM1DWRGG0","_id":"0000018f-15fc-d583-afbf-d7fca93a0001","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">scrutiny for its role in last year’s deadly Lahaina wildfire, is exploring options including a sale of American Savings Bank FSB, according to people familiar with the matter.

Barclays Zeroes In on ‘Missing Middle’ in Transition Finance

Barclays Plc says more money needs to go toward climate transition projects that are too advanced to interest venture capitalists, and too nascent to attract infrastructure investors.

CFPB, Employees Reach Tentative Deal to Raise Worker Pay Bands

The Consumer Financial Protection Bureau and the union representing most of its workers reached a tentative agreement on compensation.

Secondhand Private Credit Sets Up $15 Billion of Early Exits

Blow-out growth in the $1.7 trillion private credit market has come at a cost, namely investors’ inability to exit their holdings in a crunch. Now a market where investors can unload their stakes is taking shape.

Zuckerberg Asks for Patience as Meta’s AI Push Spooks Market

Mark Zuckerberg is asking investors for patience again. Instead, they’re alarmed.

A Strong Economy Doesn’t Make the Fed’s Job Harder: Claudia Sahm

Contrary to what commentators such as former Treasury Secretary Larry Summers <-bsp-bb-link state="{"bbHref":"bbg://news/stories/SBHRNET1UM0W","_id":"0000018f-1568-d583-afbf-d7fc40b60000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">might say, this strong economy does not complicate the US Federal Reserve’s fight against inflation, nor is it a reason for the bank to delay rate cuts.

Bank Asset Values Face 5% Hit This Decade Amid Green Risks

Banks in the UK may be facing significant losses in the coming years as the value of their assets is eroded by <-bsp-bb-link state="{"bbHref":"bbg://news/topics/BIODIVERSE","_id":"0000018f-15a7-d583-afbf-d7ff554d0000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">nature-related shocks such as water scarcity and pollution.