Todd Gillespie

He’s run his brokerage like a personal fiefdom. Now, Wall Street is watching how Lutnick will untangle his personal interests and navigate conflicts at the Commerce Department.

Hi, it’s Allison McNeely and Todd Gillespie in New York, reporting on how hedge funds have been betting on private equity’s old energy assets. Also today, a potential split of Google is still under consideration, according the EU’s new competition chief.

Citigroup Inc. named 344 new managing directors, the most in at least six years for the Wall Street bank.

After a tough stint and major changes at the bank, the CEO says the payoff is coming

(Bloomberg) -- Citigroup Inc. is set to hit the high end of its revenue guidance for 2024 and is aiming to lift share buybacks once there's further clarity on the bank's outlook for capital.

Citigroup Inc. is set to hit the high end of its revenue guidance for 2024 and is aiming to lift share buybacks once there’s further clarity on the bank’s outlook for capital.

(Bloomberg) -- Lazard Inc. Chief Executive Officer Peter Orszag said next year will be an “inflection point” for the asset management side of the firm's business, after it posted a small monthly drop in client holdings.

Lazard Inc. Chief Executive Officer Peter Orszag said next year will be an “inflection point” for the asset management side of the firm’s business, after it posted a small monthly drop in client holdings.

(Bloomberg) -- Donald Trump's commerce secretary nominee, Howard Lutnick, is taking a key step back from running his financial group, handing off leadership of one of his blank-check companies to his 26-year-old son.

Donald Trump’s commerce secretary nominee, Howard Lutnick, is taking a key step back from running his financial group, handing off leadership of one of his blank-check companies to his 26-year-old son.