Bloomberg Goldman Sachs Group Inc and Credit Suisse Group AG are joining rivals in bumping pay for junior bankers, following uproar earlier in the year over the work-till-you-drop culture exposed by the pandemic. Goldman Sachs will now pay first-year analysts at least $110,000 up from $85,000, according to people familiar with the matter. Their second-year counterparts will get $125,000 up ...

Bloomberg Banking Circle, a financial technology startup, is seeking to raise new funding at a valuation of around $5.9 billion, according to people with knowledge of the matter. The company, led by Anders la Cour and Laust Bertelsen, is working with advisers to solicit interest from investors for a roughly $500 million funding round, the people said, asking not to ...

Bloomberg Banca Monte dei Paschi di Siena SpA’s bondholders are expected to be shielded from any losses in the event of a takeover by UniCredit SpA, according to people familiar with the matter. UniCredit and the Italian Treasury are looking at options to protect holders of Paschi debt from losses if the deal is finalised, including the possibility for Italy’s ...