Airbnb Co-Founder Joe Gebbia Has Sold $1 Billion Stake This Year
Airbnb Inc.’s Joe Gebbia sold more than $1 billion of stock so far this year as shares of the vacation home-rental company he co-founded climbed.
Bloomberg Business
G-20’s ‘Intense’ Talks Fail to Break Deadlock Over Debt Relief
Finance chiefs from an assembly of the world’s biggest advanced and emerging economies failed to reach a consensus over a framework that could be applied to restructuring the debt of distressed poorer nations.
Top Bank of America Software Banker Steve Pettigrew to Join UBS
Steve Pettigrew, Bank of America Corp.’s co-head of software investment banking, is leaving the firm to join UBS Group AG, according to people familiar with the matter.
Warner Music, TikTok Sign Expanded Licensing Agreement
Warner Music Group and TikTok announced a wide-ranging partnership, giving the popular video app access to the music giant’s repertoire and creating potential new revenue opportunities for artists and songwriters.
Wall Street Sees Glimmer of Hope for Investment-Banking Revival
After more than a year in the dealmaking doldrums, Wall Street giants are finally seeing signs of life in their capital-markets businesses.
BNY Mellon Earnings Top Estimates on Higher Interest Rates
Bank of New York Mellon Corp. reported earnings that beat estimates after it scored a boost from rising interest rates like many of its Wall Street rivals.
Fed’s Barr Says AI Risks Amplifying Bias and Errors in Lending
The top US bank regulator says that lenders need to ensure that artificial intelligence tools don’t perpetuate biases and discrimination in credit decisions.
Firms With Flex-Work Policies Are Hiring Faster Than Those Fully In Office
Flexible companies are adding headcount at double the rate of fully in-office peers, but landing a flexible job can still be a challenge.
Turkish Lira Weakens as Banks Pull Back Before Rate Meeting
The Turkish lira extended losses as traders said state banks had withdrawn their support ahead of Thursday’s central bank interest rate meeting.
Surging Lira Liquidity Overwhelms Turkey Central Bank Tightening
Turkey’s central bank started to buy more liras than it sells to the banking system after the nation’s flagship lira savings tool and efforts to replenish reserves released hundreds of billions of liras into the economy, undermining monetary-policy tightening.
