Robert Dellner has quit as head of European high yield sales at BNP Paribas just weeks after the appointment of a new sales and research trading chief.

BNP Paribas confirmed that Dellner left the bank on Thursday. His departure comes a month after Kelly Gromoll joined the European high yield team as head of sales and research strategy.

Dellner resigns from BNP Paribas high yield team

Jeremy Adams

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The rise of crypto treasury companies is set to create a supply crunch, experts say

Jain Global hires ex-Millennium portfolio manager Gregoire Thomas

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Citi veteran Selim Elgen joins JPMorgan’s private bank in Dubai

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Senior private banker heads to new employer after three decades

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Carl Radford’s White Elk Partners will have six people in the Australian city by the end of 2025

The asset class has shifted to late-stage lending as companies remain private for longer.

Venture Debt Firms Tilt Toward Mature Companies

Markets haven’t yet grappled with the implications of the president having control over the central bank.

Get Ready for the End of Fed Independence

The bank is growing its card business fast, tapping its unique advantages.

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The tech company is weighing disciplinary measures for employees who occupied President Brad Smith’s office in protest of Microsoft’s relationship with the Israeli government during its war in Gaza.

Microsoft Investigating Employees After Gaza Protest Locks Down Building

The insurance-and-investment company logged a higher profit in the first half of the year, beating consensus projections across its financial results.

Prudential PLC’s First-Half Results Beat Consensus Estimates

The first Black woman to serve as a Federal Reserve Board governor is at the center of an unprecedented power struggle pitting the independence of the bank against the authority of the president.

Lisa Cook, the Fed Governor at the Center of a Firestorm

The agreement settles claims that the lender facilitated $800 million of payments related to the looting of the Malaysian sovereign-wealth fund.

JPMorgan to Pay $330 Million Over 1MDB Transactions

European business activity continues to prove resilient into the second half of the year, surveys showed, despite the American trade tariffs that have weighed on some companies.

European Business Takes Trump Tariffs in Stride

The Dutch insurer and asset manager has focused on making the U.S. its primary market and a key pillar of its growth strategy in recent years.

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The president and his allies accuse Powell of dragging his feet on interest-rate cuts, in a caustic and unprecedented pressure campaign.

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Bill Ackman’s New Pet Project Is a School That Embraces AI and Rejects DEI

The city’s exchange operator reported record profit and revenue as bullish market sentiment boosted trading.

Hong Kong Regains IPO Crown as Exchange Operator Posts Record Earnings

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U.S. stock futures started Wednesday lower after a tech-led selloff caused by a report saying the majority of companies investing in generative AI have yet to see returns.

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Bill Derrough’s move follows recent leadership changes at Moelis.

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Fears of slow sales and tight pricing are weighing on PE stocks.

Private Equity Firms’ Stocks Are Struggling, Despite Getting Into 401(k)s

The group is focused on acquiring businesses operating mainly in the U.K. online pharmacy market.

Vulcan Two Group Seeks AIM Stock Market IPO

The bank said it also received authorization from the Bank of Italy to acquire indirect control of Banca Generali subsidiaries and indirect shareholdings in affiliates.

Mediobanca Gets ECB Approval for Banca Generali Bid

S&P Global Ratings expects robust revenues from the Trump administration’s newly instituted tariff regime to help offset the expected fiscal deterioration resulting from recent legislative changes.

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Strong Crop of Earnings Eases Investors’ Economic Concerns

Some firm leaders have shrugged off deals as unenforceable, while at least one has taken on trade work for the administration with no fanfare.

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The “Taylor Swift tax,” among other levies, targets the rich. Will they be driven away?

Blue States Hunt for Ways to Wring More Taxes From the Wealthy

The S&P 500 and the Nasdaq composite both hit closing highs for a second straight session.

U.S. Stocks Amble to Fresh Records on Optimism for a September Rate Cut

The vice president is the most high-profile recent American visitor to the Cotswolds, an idyll that locals say is being disrupted by too many Yanks.

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Tricks of the trade gain new importance as 401(k) accounts open up to alternative investments.

How One Big Private-Equity Fund Makes Its Numbers Incomprehensible

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Trump Calls on Goldman to Replace Economist Over Tariff Stance

A 23-year-old former OpenAI researcher quickly amassed more than $1.5 billion for a firm he called a “brain trust on AI.” 

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Top executives at JPMorgan Chase traveled through states including Mississippi and Alabama, where the bank is expanding its reach.

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White House Preps Order to Punish Banks That Discriminate Against Conservatives

Some fear a decline in the world-leading economic statistics underpinning U.S. markets.

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