Liz Hoffman, Financial News

Liz Hoffman

Financial News

Mountain View, CA, United States

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  • Financial News
  • Wall Street Journal
  • Moneyish
  • Yahoo Finance
  • Fox Business

Recent articles by Liz:

Does SoftBank really have $108bn for a second Vision Fund?

Abu Dhabi’s Mubadala sovereign wealth fund could invest up to $25bn → Read More

SoftBank looks to Goldman and Apple for new $40bn megafund

SoftBank has been raising cash for the sequel to its $100bn Vision Fund, which has spent money at a dizzying pace → Read More

Fidelity and T Rowe Price by-pass banks on corporate access

Series of meetings between a group of large fund managers and CEOs will threaten millions of dollars in fees that banks make from introducing investors to executives → Read More

Goldman Sachs to create a $140bn mini-Blackstone

Wall Street firm is pulling together four separate units that invest in private companies, real estate and other hard-to-access deals → Read More

Goldman Sachs Wants to Look More Like Blackstone

Goldman Sachs is pulling together four separate units that invest in private companies, real estate and other hard-to-access deals, creating a new unit. → Read More

A Truist Story About the Perils of Combining Company Names

BB&T and SunTrust banks merged and needed a new name. They came up with Truist, prompting some head-scratching. ‘As long as it doesn’t mean human sacrifice in another language, it’s going to be OK.’ → Read More

Rahm Emanuel, Ex-Chicago Mayor, Is Going to Wall Street

Former Chicago mayor and longtime Democratic operative Rahm Emanuel is joining Centerview, a boutique investment bank, as a counselor to large firms. → Read More

Blackstone strikes record $18.7bn deal for US warehouse network

Deal to buy warehouses from Singapore-based GLP is largest private real estate transaction ever → Read More

Goldman Sachs to acquire wealth manager United for $750m

United Capital Financial Advisers will slot into Goldman’s existing wealth management business, which skews toward billionaires → Read More

Goldman’s millionaire clients will be big winners on the Uber IPO

Private-wealth clients bought debt in 2015 that would convert into stock at a discount to the eventual IPO price. The discount now stands at 40%. → Read More

Goldman Sachs rethinks its Marcus strategy

US bank will ease up on personal loans and deposit rates at its retail banking unit → Read More

Big Banks Seek to Liberate Billions of Dollars in Funds

Banks have complained for years about a key feature of the Dodd-Frank overhaul requiring them to keep billions of dollars of cash in reserve. Some are trying to find a way around it. → Read More

Latest Morgan Stanley reshuffle offers clues on CEO succession

Morgan Stanley wealth management co-head Shelley O’Connor to run banking entities → Read More

SoftBank founder lost $130m on bitcoin

Japanese billionaire, Masayoshi Son, made a huge personal investment in the digital currency as prices peaked → Read More

Goldman’s Profit Falls 21% as Trading Slows

Goldman Sachs Group‘s first-quarter profit fell 21% from a year ago as quiet trading and underwriting took a toll across Wall Street. → Read More

Tradeweb seizes hot market with $6bn IPO

Bond trading company will sell shares at $27 apiece → Read More

Goldman’s Trading Floor Is Going Open-Source. Kind of.

The bank plans to let outside engineers tinker with some of the code that its traders use to price securities and analyze and manage risk. → Read More

Big Banks Reach for Small Deals as Merger Boom Slows

Investment bankers across Wall Street are tripping over themselves, and sometimes each other, to win business advising smaller companies on deals—assignments they would have scoffed at a few years ago. → Read More

Goldman Sachs Implements Its Own ‘Rooney Rule’ in Diversity Push

Managers at Goldman Sachs Group will be required to interview two diverse candidates for any open job, a push the firm hopes will change its heavily white, male workforce. → Read More

Goldman Sachs to Open Up In-House Moneymaker to Outside Investors

A Goldman Sachs Group profit machine that has invested the bank’s own money in Asian property, African startups and troubled U.S. retailers, among other ventures, is opening up to outside investors. → Read More