Klarna, the Swedish pay-now-buy-later specialist, is reportedly preparing for an IPO in the USA, aiming to raise at least one billion dollars and achieve a market valuation exceeding 15 billion dollars. The company has experienced significant valuation fluctuations, peaking at 45.6 billion dollars in 2021 before dropping to 6.7 billion dollars the following year. Currently, Klarna is collaborating with around 15 banks, including Goldman Sachs, J.P. Morgan Chase, and Morgan Stanley, to facilitate the IPO process, having previously submitted a confidential application to the [SEC](https://www.sec.gov) in November.
about Klarna Plans US IPO Aiming to Raise Over One Billion DollarsJacobs Engineering Group Inc.
0 in Finance and 0 in Crypto last weekDeloitte Links Office Attendance to Employee Bonuses and Performance Evaluations
Deloitte has implemented a policy requiring employees in its US tax practice to work at least 50% of their time in the office, linking office presence to performance evaluations and bonuses. This move reflects a broader trend among companies tightening remote work policies, as seen with J.P. Morgan and PwC, which are also monitoring employee attendance.
about Deloitte Links Office Attendance to Employee Bonuses and Performance EvaluationsDaniel Morris on Trump’s Economic Agenda and Market Implications
Daniel Morris, Chief Market Strategist at BNP Paribas, expresses surprise at the aggressive pace of the new Trump administration, which he believes will lead to significant US economic growth but increased market volatility. He notes uncertainty around Trump’s tariff strategy and its potential impact on trade relations, while maintaining a positive outlook for US equities despite concentration risks. Morris also highlights the contrasting priorities of the US and Europe regarding job security and economic growth, suggesting that Europe may need to adapt to US deregulation pressures to remain competitive.
about Daniel Morris on Trump's Economic Agenda and Market ImplicationsEuro and Stock Futures Rise After CDU Election Victory in Germany
The euro rose 0.6% against the dollar and DAX index futures increased by up to 1.5% following CDU chancellor candidate Friedrich Merz’s victory in the Bundestag election. Market expectations of a stable government and increased fiscal spending under Merz are driving this positive sentiment. The failure of the Sahra Wagenknecht alliance to surpass the five percent threshold allows Merz to form a two-party coalition with the SPD, simplifying government formation.
about Euro and Stock Futures Rise After CDU Election Victory in GermanyJPMorgan predicts over 20 percent returns for Argentine and Turkish stocks
J.P. Morgan forecasts that Argentine and Turkish stocks could achieve over 20% returns this year, driven by policy reforms aimed at reducing inflation. Argentina’s equity market is buoyed by the lifting of capital controls and strong performance, while Turkey benefits from falling inflation and interest rate cuts, with expectations of further declines.
about JPMorgan predicts over 20 percent returns for Argentine and Turkish stocksEFG International Announces Board of Directors Reorganization Ahead of AGM
EFG International will see significant changes to its Board of Directors at the upcoming AGM on March 21, with four current members not seeking re-election. New candidates include Yvonne Bettkober, Luisa Delgado, Wanda Eriksen, and Konstantinos Tsiverioti, each bringing extensive experience in digital transformation, luxury goods, finance, and banking. Chairman Alexander Classen expressed confidence that these new members will contribute to the sustainable growth of EFG.
about EFG International Announces Board of Directors Reorganization Ahead of AGMUS Bank CEOs See Significant Salary Increases Amid Strong Profit Growth
Brian Moynihan, CEO of Bank of America, earned $35 million in 2024, a 20% increase from the previous year, driven by a significant bonus linked to a 2.3% rise in net profit to $27.1 billion. Other major US bank CEOs also saw substantial raises, with J.P. Morgan’s Jamie Dimon and Goldman Sachs’ David Solomon each receiving $39 million. Sergio Ermotti, UBS’s CEO, questioned the scrutiny of high salaries in banking compared to sports and entertainment, having earned CHF 14.4 million for nine months in 2023.
about US Bank CEOs See Significant Salary Increases Amid Strong Profit GrowthJ P Morgan Predicts Challenges Ahead for Ethereum Amidst Rising Competition
J.P. Morgan analysts predict a challenging future for Ethereum, citing intense competition from rival blockchains like Solana and Layer 2 networks that offer lower fees and better scalability. Ethereum’s market share has dropped to a four-year low, indicating a potential decline in adoption as users migrate to more efficient platforms. Despite recent upgrades, the lack of a compelling narrative compared to Bitcoin may further jeopardize Ethereum’s relevance in the crypto ecosystem.
about J P Morgan Predicts Challenges Ahead for Ethereum Amidst Rising CompetitionBarclays Switzerland appoints Mathias Gonzalez as new Chief Investment Officer
Barclays Switzerland has appointed Mathias Gonzalez as the new Chief Investment Officer, overseeing investments for both Switzerland and Dubai. With over 20 years of experience in the investment sector, he will lead the Private Bank’s investment business and collaborate with private bankers to create tailored solutions for ultra-high-net-worth clients. His appointment reflects the growing interest in investment opportunities in the Middle East while maintaining Switzerland’s appeal for its stability.
about Barclays Switzerland appoints Mathias Gonzalez as new Chief Investment OfficerJ Safra Sarasin explores potential takeover of Saxo Bank
Bank J. Safra Sarasin is reportedly exploring a takeover of Saxo Bank, which has been on the market since July. The Danish bank, with significant shareholders including Geely Holding Group and founder Kim Fournais, had previously engaged Goldman Sachs to seek potential buyers. Other interested parties have since withdrawn from the bidding process.
about J Safra Sarasin explores potential takeover of Saxo BankTragic Death of Young Banker Sparks Workload Debate in Finance Industry
A 28-year-old investment banker at Jefferies in Dallas has died unexpectedly, reigniting concerns over the demanding work culture in the banking industry. The cause of death remains under investigation, and the company has expressed deep condolences and support for the family. This incident follows previous cases that prompted banks like Bank of America and J.P. Morgan to implement stricter working hour regulations.
about Tragic Death of Young Banker Sparks Workload Debate in Finance IndustryBarclays Tightens Home Office Rules Requiring More In-Office Attendance
Barclays is tightening its home office policies, requiring approximately 85,000 employees to work in the office at least three days a week, up from two. This change reflects a broader trend among companies to enhance in-person collaboration, with many firms, including J.P. Morgan and Goldman Sachs, also enforcing stricter attendance rules.
about Barclays Tightens Home Office Rules Requiring More In-Office Attendance