Rob Copeland
Posts
Billionaire Ray Dalio Pushes for Return to Hedge Fund in Succession Clash
Mr. Dalio retired from Bridgewater last year. But his successors at the world’s biggest hedge fund are discovering it’s not easy to operate with the...
Citi, Falling Behind Peers, Unveils ‘Uncomfortable’ Changes and Layoffs
The bank’s chief executive, Jane Fraser, said the lender had grown bloated and needlessly bureaucratic.
Neeraj Khemlani, CBS President, Is Stepping Down
The executive, Neeraj Khemlani, has signed a deal to stay with the company in a less senior role. His successor has not yet been named.
Zuckerberg Says It’s ‘Time to Move On’ From ‘Cage Fight’ With Musk
Mark Zuckerberg, the chief executive of Meta, wrote on his Threads platform that Elon Musk did not seem “serious” about the much-ballyhooed match.
Goldman’s C.E.O. Is Stuck, Without a Clear Lifeline
David Solomon’s management style is winning few fans amid the elite investment bank’s performance woes. He is mired in “quicksand” and unsure what to do.
PacWest Bank, Thrashed by Deposit Crisis, Will Be Taken Over
Banc of California is set to absorb PacWest, a larger lender that has seen its depositors flee this year.
UBS Is Fined Nearly $400 Million in Credit Suisse’s Archegos Mess
The Swiss banking giant, which acquired its rival earlier this year, will cover regulatory fines related to Credit Suisse’s mismanagement in the collapse of the...
Goldman Sachs Reports Steep Fall in Profit, Highlighting Bank’s Woes
The investment bank reported a profit half as large as its rival Morgan Stanley, to say nothing of larger lenders.
JPMorgan’s Profit Jumps, but Interest Rates Remain a Threat
It was another quarter of banner financial results for the largest lender in America.
‘Do You Even Want Us to Exist?’ A Bank Chief Fights to Survive.
The banks at the center of the recent crisis, like Western Alliance, are engaged in collective soul-searching.