 | | | | Mastercard Inc beat quarterly profit expectations on Thursday as domestic spending through its cards rose and cross-border volumes grew following an uptick in international travel. | | | | | | A bipartisan group of U.S. lawmakers has asked the Treasury Department for "clarity to the digital asset ecosystem" after new related reporting requirements were included in last year's $1 trillion infrastructure law, Punchbowl News said on Thursday. | | | | | | Blackstone Inc said on Thursday its fourth-quarter distributable earnings rose by 55% to a record high, as the world's largest manager of alternative assets took advantage of rising markets to sell assets for top dollar. | | | | | | UBS has agreed to buy California-based digital wealth management start-up Wealthfront in a $1.4 billion all-cash deal, as the Swiss bank targets younger tech-savvy investors in the United States. | | | | | | A year after the "meme stock" rally humbled hedge funds and roiled Wall Street, the U.S. Securities and Exchange Commission (SEC) is cracking down on several areas of the equity market. | | | | | | Robinhood Markets Inc became a household name ahead of its stellar IPO last year, when retail investors used its trading app to drive shares of GameStop and other "meme stocks" into the stratosphere, but name recognition has not helped its share price lately. | | | | | | Deutsche Bank delivered its most profitable year in a decade on the back of a dealmaking bonanza, strengthening Chief Executive Christian Sewing's hand as he fine tunes a new strategy and tackles costly competition for talent. | | | | | | Norway's sovereign wealth fund, the world's largest, earned a return on investment of 1.58 trillion Norwegian crowns ($177 billion) last year, the second highest on record, with the biggest boost coming from tech stocks, it said on Thursday. | | | | | | Italian lender UniCredit has signed an agreement with unions for 1,200 voluntary job cuts to be partly offset by 725 new hires, the country's biggest banking union said on Thursday. | | | | | | Wealth manager St. James's Place said on Thursday its funds under management hit a record 153.99 billion pounds ($206.76 billion) in the fourth quarter, as it brought in 2.91 billion pounds of net new money. | | | | | |
