Exec Sum

An ex-McKinsey partner sued the firm for being scapegoated, big asset managers are resorting to ‘vulture’ tactics, Elliott built a stake in one of Buffett’s investments, and regulators seized and sold Republic First Bank…yes, exactly one year after First Republic Bank.

Markets took a hit on weak economic data, Bill Gross said to avoid tech, S&P cut Boeing’s outlook to negative, US white-collar job growth has stalled, PwC named a new UK senior partner, and US birth rates fell to its lowest ever.

Norway’s SWF chief said ‘Europeans are less hard-working’ than Americans, Kim Kardashian’s PE firm is facing fundraising hurdles, McKinsey is under criminal investigation, KPMG UK canceled some foreign graduate job offers, and the TikTok sell-or-ban bill was signed into law.

Traders are now weighing a rate INCREASE, the FTC banned worker non-competes, O&G M&A hit a record high, investors are exiting Cathie Wood’s funds, Amazon launched a grocery subscription, and strong earnings helped lift markets.

Short sellers had their most profitable week ever, NYSE is testing appetite for 24/7 trading, rates traders are flocking from banks to hedge funds, Tesla shareholders are bracing for disappointing earnings, and a premier tail risk fund thinks rate cuts will signal a market crash.

A Goldman exec advised coders to study philosophy, PwC will shrink its new US advisory partner class, Citadel blasted Trump Media’s CEO, some top dealmakers at JPMorgan and Morgan Stanley will depart, and US stocks had their worst week in over a year.

Moody’s downgraded private credit funds, PE has its eyes on NFL, Blackstone warned of deal flow challenges, PwC will reverse its US tax split, pensions are pulling out of stocks, and some bond hedge funds may be “too big to fail.”

Bankers are seeing break up fees for ditching offers, Air Canada staff are suspects in a $15M gold heist, UTIMCO wants to replicate a multi-manager hedge fund structure, Asia IB is seeing job cuts, and Jane Street made a killing in Q1.

Investment banking is on a comeback, Ted Pick is bullish on M&A, investors are most bullish in over two years, PRINCO blundered their PE allocation, Shell’s ex-CEO will advise KKR on ESG, and Caitlin Clark’s rookie contract matches that of a Deloitte analyst.

Hedge funds are piling into Mexican peso, Tokyo real estate is luring activist funds, Tesla is laying off 10% of its workforce, US retail sales came in hotter than expected, and Goldman crushed earnings estimates on recovering IB.

AI may make IB analysts redundant, Norway’s wealth fund will not invest in PE, credit card delinquency is the highest on record, China capital markets activity is at a multi-decade low, crypto dived on Iran-Israel tensions, and bank outlooks weighed as markets saw a major selloff.

A Vietnamese property tycoon was sentenced to death, big tech is expected to lead Q1 earnings, India’s top traders are making millions, Norges’ CEO is crushing the podcast game, and Harvard suddenly reinstated standardized testing requirements.