News 

Barclays just announced 56 new managing directors in its corporate and investment bank — here’s the list of names

“Barclays earlier this year dropped a bombshell when it announced that Tim Throsby would step down as head of its investment bank” writes Trista Kelley for businessinsider.com. Some 56 new MDs were named across banking, corporate banking, markets, and research.Barclays is keeping a tight leash on pay, particularly for investment and corporate banking, and has set aside less for bonuses.The bank also named dozens more MDs in other areas of the bank, making the overall number much higher, an insider told Business Insider. Source: businessinsider.com

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News 

Democratic candidate Warren reveals details of past legal work, showing $2 million in compensation since 1980s

“WASHINGTON (Reuters) – Democratic presidential candidate Elizabeth Warren released information on Sunday about her past legal work, showing nearly $2 million in compensation from dozens of clients over the decades, as a dispute intensified with her rival Pete Buttigieg over transparency” writes Midwest Communications Inc for 95kqds.com. Buttigieg, the mayor of South Bend, Indiana, has said in recent days that Warren, a U.S. senator from Massachusetts, should release older tax documents detailing her corporate legal work. Source: 95kqds.com

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Markets News 

‘A recession will come’: Experts across Wall Street are warning of hiccups in a market that ‘sounds a lot like subprime in 2006’

“Right now, there are leverage ratios in the investment-grade corporate bond market that suggest that nearly a third of the investment corporate bond market probably should be rated junk.”” writes Christopher Competiello for businessinsider.com. “We have zombie companies that are allowed to keep going because of these artificially low interest rates — and the corporate bond market is probably significantly over-rated, which sounds a lot like subprime in 2006.”. He lamented what he called the “riskiest corporate market we’ve ever had.”. “You’re going to see en masse downgradings of the…

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News 

Are Businesses Ready for Deglobalization?

“Concerned about trade protectionism, and revenue loss from trade wars, forward-thinking business leaders are developing strategies to mitigate the longer-term risk of deglobalization” reports hbr.org. One alternative to a global structure is for businesses to operate as a collection of independent, loosely affiliated, locally run companies.If business leaders believe deglobalization is here to stay, then real consideration must be placed on upending the prevailing global corporate structure to make it better match the deglobalized world.Mounting restrictions on immigration limit the opportunity for tomorrow’s business leaders to learn how to navigate…

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News 

Are Employment Numbers Solid or a Debt Fueled Jobs Bubble?

“If it is a jobs bubble, it can only last until the underlying credit bubble bursts” writes W E for ccn.com. The growth in jobs this year looks like a jobs bubble.Soaring payrolls figures are only good news if these jobs numbers hold.If they crash, then this is a jobs bubble.The November U.S. jobs report sent the Dow surging Friday. Source: ccn.com

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News 

6 Signs Your Corporate Culture Is a Liability

“Our aim was to gather as many research-based indicators of cultural risk as possible and test them to determine which are most predictive” reports hbr.org. We’ve identified six areas that together account for the majority of cultural risk.The reality is that culture – often thought of as a company’s most precious asset – is increasingly a liability for companies that don’t tend to it.The reality is that culture, which is often thought of as a company’s most precious asset, is increasingly a liability for companies that don’t tend to it.Of…

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News 

Goldman’s credit-investing chief explains how he’s profited from widespread recession fears — and breaks down the next big opportunities he’s exploiting

“Another corner of the credit market he finds attractive is mortgages, thanks to the Fed’s balance sheet reduction” writes Akin Oyedele for businessinsider.com. “Investors — especially going into year-end — have been overly conservative and have kind of bet only on the highest-quality credit,” Shah said.Investors were naturally concerned that companies with the weakest credit ratings and largest piles of debt would run into the most trouble.Another reason for the outperformance of these so-called investment grade bonds was that many companies with cash seized upon widespread recession fever to pay…

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Crypto News Platforms 

Singaporean Gov’t Blockchain Platform Facilitates $15.7 Million in Fundraising

“The Singaporean government-backed blockchain platform Tribe has helped raise another $15.7 million for participating companies through its ecosystem” writes Joeri Cant for cointelegraph.com. Managing partner of Tribe Accelerator Ng Yi Ming commented: “Another successful round of fundraising underscores the relevance of blockchain technology in solving real-world problems.On Nov. 21, Tezos’s non-profit arm Tezos Southeast Asia (TSA) announced its collaboration with Tribe to jointly launch a training program for developers on the Tezos blockchain.Tezos also hopes to attract more developers to create Tezos blockchain-based solutions for real-world applications. Source: cointelegraph.com

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News 

U.S. CEOs’ Jet Perks Add Millions to Corporate Tax Bills

“Popular perceptions of U.S. corporate jet use hit a nadir in 2008 as the financial crisis was worsening” writes Min Read for reuters.com. However, it does not disclose how that is calculated or detail any lost tax deductions as a result of personal travel.Voce has not provided any estimates for lost tax deductions.The fallout was so bad that in the terms of its bailout General Motors Co (GM.N) was initially barred from corporate jet use. “But since then, the whole economy has turned around. Source: reuters.com

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THE AI PIVOT: How the push to adopt the advanced tech is rippling through corporate America

“How Walmart evaluates AI projects: Walmart has 1,500 data scientists and is hiring more amid a push to adopt artificial intelligence” writes Business Insider for businessinsider.com. But the move to adopt the advanced technology comes with significant challenges and often requires a major cultural shift.Why culture is more of a limitation than tech in the push to AI: CarMax’s CIO says culture is more of an impediment than technology for organizations pursuing a digital overhaul. Source: businessinsider.com

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