Private credit and buy-now-pay-later firms are teaming up to cut banks out of the consumer finance supply chain.
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Citigroup and asset management giant Apollo Global announced an alliance to source $25 billion worth of deals in the next half-decade.
It’s the latest in several moves — announced in swift succession — that suggest a radical overhaul in Zuckerberg’s thinking about Meta.
Executives at top financial services firms expect to cut as many 200,000 jobs in the next five years and significantly increase revenues.
The investment company says advisors and investors should break from the traditional strategy and take on more defensive positions this year.