Meet the 2 executives promoted to lead Apollo's $77 billion private equity business, as PE firms hand power to a younger generation of leaders

The pair are not household names in finance but have built a reputation for themselves as perhaps the most "Apolloesque" dealmakers at Leon Black's shop.

October 17, 2019   |   View Online »

Meet the 2 executives promoted to lead Apollo's $77 billion private equity business, as PE firms hand power to a younger generation of leaders Casey Sullivan | The pair are not household names in finance but have built a reputation for themselves as perhaps the most "Apolloesque" dealmakers at Leon Black's shop. Read More »

Citi's credit-card attack plan is going so well the bank is rolling it out with its retail partners — and new branches could be on the horizon as well Alex Morrell | Citi has also been targeting its 28 million credit-card customers to grow its retail bank, adding $2 billion in digital deposits during the quarter. Read More »

Landlords want to bulk up their office amenities, and a rush of startups are selling them tech to do it Alex Nicoll | Amenities have become a battleground for keeping tenants happy, and tech helps landlords manage services and sell things like food and fitness to workers. Read More »

Wells Fargo is seeing more adviser retirements after an 'enthusiastic' response to its next-gen handover payouts Rebecca Ungarino | The wealth industry is facing a retirement cliff, and Wells Fargo Advisors leaned into client handovers when it added succession incentives in April. Read More »

Venture funds have poured $24.6 billion into proptech so far this year — and there's likely more to come Alex Nicoll | Next year will be when winners start to stand out from the herd, according to a new report from EY and CREtech. Read More »

Investors are paying record amounts for stable high-growth companies. Here are 12 sleeper stocks Goldman says can deliver growth at budget prices. Marley Jay | Goldman Sachs says companies with steady earnings growth are more expensive than ever but that it's still possible to find a few at discount prices. Read More »

An Instagram influencer with 166,000 followers breaks down how much money she earns from a sponsored post Amanda Perelli | Katy Bellotte, a social-media influencer, said she earns the bulk of her money promoting products to her followers on Instagram and YouTube. Read More »

Inside the 'awkward,' 'tense,' and 'heated' private meeting between Elon Musk and Texans whom SpaceX is trying to buy out to fully realize its vision to reach Mars Dave Mosher | A man who lives in Boca Chica, Texas, said he told Musk SpaceX's buyout offer was "unconscionable" to people who hoped to retire in the secluded area. Read More »

Goldman Sachs unloaded some of its WeWork shares before its investment bankers pitched investors on what it once considered a $60 billion-plus IPO Dakin Campbell | Goldman was reducing its own WeWork exposure even as its investment bankers were touting their services to the company. Read More »

Bank of America bucked the Wall Street trend and made a $350 million bet on its own internal cloud — and the payoff has been striking Alex Morrell,Dan DeFrancesco | Brian Moynihan, Bank of America's CEO, highlighted the firm's decision to move to a private cloud on its third-quarter earnings call. Read More »

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