General Electric Co. plans to seek as much as $3.5 billion in the initial public offering of its North American consumer-lending business, now called Synchrony Financial, people with knowledge of the matter said.
Citigroup Inc. and JPMorgan Chase & Co. are bracing investors for a fourth straight drop in first- quarter trading, a period of the year when the largest investment banks typically earn the most from that business.
Kenneth Moelis, who over 30 years as an investment banker has advised companies controlled by billionaires including Carl Icahn, Donald Trump and Steve Wynn, is preparing to take the firm he founded public as dealmaking rebounds to pre-financial crisis levels.
As a student at Harvard Law School two decades ago, Wendy Davis was drawn to a legal clinic for the poor. For two years, she helped AIDS patients write living wills, and surviving partners figure out their legal rights.
Five years ago Springleaf Holdings Inc. was losing more than $1 billion annually as the financial crisis crippled its business of lending to people with poor credit. Fighting off bankruptcy, it closed more than 200 branches and laid off about 800 employees in 2012.
Sumitomo Mitsui Financial Group Inc. , the Japanese bank looking to buy a stake in a U.S. lender, may consider Ohio’s Huntington Bancshares Inc., KeyCorp or Fifth Third Bancorp as potential targets, said Jeff Davis , an analyst at Guggenheim Securities LLC.