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Klarna kickstarts U.S. IPO plans with confidential SEC filing

Swedish buy now, pay later (BNPL) startup Klarna is on its way to becoming a public company. The fintech said on Wednesday that it has confidentially filed a draft registration statement with the U.S. Securities and Exchange Commission (SEC). The announcement of the listing, a long time in the making, …

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BNP lays off a dozen China dealmakers amid fee plunge

HONG KONG (Reuters) – France’s BNP Paribas has cut a dozen jobs in mainland China and Hong Kong, a source with knowledge of the matter told Reuters, the latest among global banks to trim headcount amid a slowdown in dealmaking in the Chinese market. The bank last week began notifying …

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Buffett’s Berkshire Is Being Packaged Into a Leveraged ETF

(Bloomberg) — Warren Buffett created Berkshire Hathaway Inc.’s Class B shares almost 30 years ago to stymie money managers who sought to split the high-priced conglomerate’s stock. Most Read from Bloomberg One of South Korea’s largest retail brokerages now plans to package the Class B shares into an exchange-traded fund …

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