Todd Gillespie

The Rich Can't Sell Their Art, So They're Borrowing Against It

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Deloitte estimates outstanding loans against art could surpass $36 billion in 2024.

Restructuring Wave Proves Big Moneymaker For Investment Banks

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The boom in restructuring helped advisory firms consistently beat analysts' expectations across the board last quarter.

Ex-Moelis Banker Kaye Arrested For Assault In Viral Video Punching Incident

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A viral video posted on X allegedly shows him punching a woman.

Layoffs, Pricing Power Driving S&P 500 Profits To Highest In 16 Years

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Firms have largely opted not to pass on savings from falling commodity costs.

Banks Have A Commercial Property Blind Spot, Study Warns

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Large U.S. banks have accrued a large stake in commercial property through indirect lending to REITs.

Citi To Cut 20,000 Roles In Bid To Boost Returns

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The outlook for cost savings helped mask a disappointing fourth quarter.

Energy Costs Set To Reach Record 13% Of Global GDP This Year

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Primary energy expenditure as a share of output is set to double from 2021's level, according to analysts.

Covid Counting Sees New Era As Threat Shifts Away From Cases

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Epidemiologists may be shifting their focus to Covid hospitalization rates.

Risk Of Clots Higher With Covid Than After Vaccine, Study Says

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Covid patients saw a clot risk of 39 in a million. That compared with four in a million in vaccines.

Debt Engineers Tackle Climate Change With Bonds To Rewild Land

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Sales of green bonds are expected to grow by a third this year to record levels.