Press "Enter" to skip to content

Posts published in “Finance”

Blackstone CEO Schwarzman took home $610.5 million in 2020

Blackstone Group Inc Chief Executive Stephen Schwarzman pocketed at least $610.5 million in 2020 from dividends and compensation, more than any other private equity executive and up 20% from last year despite the impact of the COVID-19 pandemic, regulatory filings showed.
The majority of the windfall stemmed from Schwarzman’s 19.3% stake in Blackstone. Its distributable earnings jumped 16% year-over-year in 2020 as the world’s largest manager of alternative assets such as real estate and private equity capitalized on the capital market’s rally following the Federal Reserve’s moves to support the U.S. economy during the pandemic.

Goldman Sachs restarts cryptocurrency desk amid bitcoin boom

Goldman Sachs Group Inc has restarted its cryptocurrency trading desk and will begin dealing bitcoin futures and non-deliverable forwards for clients from next week, a person familiar with the matter said.

The team will sit within the U.S. bank’s Global Markets division, the person said.

Bitcoin at ‘Tipping Point,’ Citi says as Price Surges

Worlds leading cryptocurrency, Bitcoin rose nearly 7% on Monday as risk assets rallied after last week’s bond rout cooled, with Citi saying the most popular cryptocurrency was at a “tipping point” and could become the preferred currency for international trade.

With the recent embrace of the likes of Tesla Inc and Mastercard Inc, bitcoin could be at the start of a “massive transformation” into the mainstream, the investment bank said.

Aramco Seeks One-year Extension on $10 billion Loan: Sources

Saudi Aramco has asked banks to extend by a year a $10 billion loan it raised last May, two sources familiar with the matter said, suggesting that rebounding crude prices are not pushing the oil giant to reduce debt for the time being.

The sources confirmed a report by Loan Pricing Corporation, a fixed-income news provider owned by Refinitiv.

Bitcoin Extends Retreat from Record High to Hit Lowest in 20 days

Bitcoin dropped 6.39% to $43,165.78 on Sunday, losing $2,944.20 from its previous close.

Bitcoin, the world’s biggest and best-known cryptocurrency, has fallen 26% from the year’s high of $58,354.14 on Feb. 21 when it soared amid increasing confidence that it will become a mainstream investment and payments vehicle.

How America Plans To Recover $10.7 Million Restitution From Obinwanne Okeke

Obinwanne Okeke, a Nigerian ‘businessman‘ who was recently arrested by the FBI in America for alleged $11 million fraud.

How America Plans To Recover $10.7 Million Restitution From Obinwanne Okeke

America Court documents show how the money will be recovered from Mr Okeke and distributed to three victims.

African Fintech Foundry prepares startups for investors

The African Fintech Foundry, an initiative of Access Bank, will continue to promote Nigerian startups to attract new investors, its Head, Daniel Awe, has said.

He stated this when the company organised an event where startups presented their business ideas before a panel, which included bankers, tech experts, startups experts and investors.

Bitcoin Battles for Support at $50,000

World’s leading cryptocurrency, Bitcoin dropped below $50,000 on Tuesday, as investors began to get a little nervous about the digital currency’s lofty valuation and some leveraged players took profit.

The cryptocurrency dropped more than 10%, its largest daily drop in a month, to hit $48,575. That extends a sharp withdrawal of more than 16% from a record high hit on Sunday, although bitcoin remains up around 75% for the year.

HF partners Interswitch to launch International Money Transfer Service

HF Group has announced its partnership with Interswitch Group, a leading digital payments and commerce company, to expand its digital banking services to include International Money Transfer (IMT).

The IMT service will enable people in the diaspora to remit funds seamlessly into any HF account and also provides a simplified channel for them to make their loan/mortgage payments. The partnership is coming on the heels of the company’s diversification efforts into full-service banking.

Kim Kardashian & Kanye West Divorce : How Much Money Is At Stake after Split By Forbes

Kim Kardashian & Kanye West Divorce case, Forbes reveals How Much Money Is At Stake after split.

Some months after rumors that their relationship is on the rocks, speculation has heated up this week that one of the world’s most famous—and richest—couples, Kim Kardashian West and Kanye West, may be headed for divorce. With a combined net worth of $2.1 billion there’s plenty of wealth to haggle over, but how much will really be in play if they split?