cloud computing
Alibaba aims to invest in data centres in Asia, Dubai and parts of Europe over the next 18 months.
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Neogov just nabbed an investment from Carlyle and Warburg valuing it at more than $1 billion. Execs at the PE giants detail why M&A will be a big part of the HR software's growth plans.

Ashley Evans and Vishnu Menon side by side
Courtesy of The Carlyle Group/Warburg Pincus

The two private-equity giants are spearheading a large investment into Neogov, a firm that helps public-sector entities such as local governments hire, train, and manage their employees.

More on what the investment means for the future of Neogov.


Here are the money managers Credit Suisse says are likeliest buyers and sellers as analysts expect more M&A

Ralph Hamers, new CEO of Swiss Bank UBS, gestures during a press conference in Zurich, Switzerland, Thursday, Feb. 20, 2020. Dutchman Ralph Hamers will replace Sergio Ermotti, who is still UBS boss, on Nov. 1, 2020. (Walter Bieri/Keystone via AP)
Associated Press

Credit Suisse analysts have released a new list of likely buyers and targets - and they see UBS and State Street among possible acquirers, and Janus Henderson as a likely seller. Get their full predictions here.


Morgan Stanley is partnering with Microsoft's public cloud. Rob Rooney, the Wall Street bank's top tech exec, told us why.

Rob Rooney, Morgan Stanley
Rob Rooney, Morgan Stanley
Morgan Stanley

Rob Rooney, Morgan Stanley's top tech executive, explained why the bank tapped Microsoft to be a key partner in its cloud journey. Here's how the bank is approaching adopting the tech.


Mega law firm Dentons wants to build a top-flight consulting business, and it just signed a deal to launch a new standalone firm

Former US Secretary of State Madeleine Albright in 2009.
Reuters

Dentons is starting its consulting firm by acquiring the Albright Stonebridge Group in hopes of competing with McKinsey, BCG, and parts of the Big Four. What you need to know.


Citi just nabbed a Goldman partner to lead a newly-formed 'super group' focused on dealmaking in healthcare and wellness

Adams, Chuck
Chuck Adams
Citi

Citi just hired Goldman's Chuck Adams to lead a new "super group" focusing on healthcare, consumer, and wellness. More on Adams' new position.


Chamath Palihapitiya's SPAC beat out two others for a deal with SoFi. Now his stake in the company is worth $750 million.

Chamath Palihapitiya
Mike Windle/Getty Images

It was a "close call" between Palihapitiya's Social Capital and two other SPAC finalists, SoFi CEO Anthony Noto told Insider. Get the details on the decision.


Rich investors are feeling guilty about their wealth. A top UBS exec details how the firm is reacting.

rich people
Leon Neal/Getty Images

UBS clients indicated in a survey they feel guilty about their wealth during the pandemic, and it's pushing them to show more interest in charitable donations, according to Jason Chandler, the firm's head of US wealth management. Here's what else he said.


JOIN OUR LIVE EVENT JUNE 24: Execs from Deutsche Bank, AllianceBernstein, and Accenture will break down how Wall Street is navigating the return to work

Insider Events 'Future of work on Wall Street' event promotion, including Katie Burke of AllianceBernstein, Melissa Fridman of Deutsche Bank, and Michael Cheek of Accenture.
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Odd lots:

Credit Suisse top financial institutions banker in Europe to join Jefferies - source (Reuters)

Building the New Merrill Lynch: Where Bank of America's Long Game Is Leading (Barron's)

Overdraft Fees Are Getting the Boot at Ally Financial (WSJ)

Lazard CEO Says Remote Work Damages Prospects for Young Bankers (Bloomberg)

Juul Finds Hell Hath No Fury Like an Army of Really Rich Parents (Bloomberg)

Banks just adopted a new format for their interviews (eFinancialCareers)

Read the original article on Business Insider