Thornton McEnery
The Archive
Bill Ackman raises $4 billion for blank check company
In mid-June, Bill Ackman asked Wall Street for $1 billion to hunt down a major investment. Six weeks later, the street gave him $4 billion. The 54-year-old hedge fund manager...
A-Rod and J.Lo could lose control of their Mets bid
Alex Rodriguez and Jennifer Lopez may soon be at an inflection point. Fred Wilpon’s Mets by the end of July will start management meetings with the four remaining bidding groups...
Wall Street mogul gearing up for NYC mayoral run
Citigroup vice chairman Raymond McGuire has hired Jerry Goldfeder to start laying the foundations for a mayoral bid, sources said.
Bill Ackman's Act II kicks off Tuesday with $4B fundraising effort
Billionaire Bill Ackman’s Second Act kicks off on Tuesday with plans to raise $4 billion from stock investors to be used on a mystery investment. The 54-year-old investor on Tuesday...
BlackRock's Larry Fink pushes masks for economic recovery
Larry Fink wants you to put on a mask so he can stop worrying about the US economic recovery. “We need a world of compassion and that compassion [means] wearing...
J.Lo, A-Rod talk Mets development project with Patriots owner
If Alex Rodriguez and Jennifer Lopez end up owning the Mets, they will have help learning how to run a sports franchise from the people who operate one of the...
Morgan Stanley's profits surge 45 percent despite coronavirus
The market and the economy are out of sync, and that was a recipe for success at Morgan Stanley. The Wall Street giant's chief James Gorman delivered a blowout quarter...
Bank of America's profit plunges as it sets aside $5B for coronavirus defaults
Bank of America's profits plunged by more than half as it set aside more than $5 billion in capital to brace itself against possible loan defaults in the coming months.
The brinkmanship at play during Mets sale negotiations
People deep inside the Mets sale said Wednesday that two mystery bidders have been revealed, but those bidders tell The Post that they are not bidders at all. Instead it...
Casino mogul revealed as mystery bidder who could shake up Mets sale
A mystery bidder for the Mets has been revealed, but it’s not a new group, it’s merely huge new players. According to multiple sources, billionaire casino mogul Sheldon Adelson and...
Goldman Sachs posts blowout profit on surprisingly strong trading
Goldman Sachs boss David Solomon can thank the traders he decided not to fire for delivering one of the bank’s best quarters in years. The Wall Street giant posted second-quarter...
A mysterious bidder may be trying to buy the Mets
The race to buy the Mets is down to three ... or four ... or maybe just one. The Post confirmed reports that at least three groups are moving on...
Wellspring CEO takes leave after explosive rape allegations against his son
A New York buyout baron has taken a leave of absence from his fund after an explosive lawsuit claimed last week that he threatened an ex-employee to keep quiet after...
Wells Fargo reports big loss as coronavirus hits turnaround
The wheels are coming off The Stagecoach. Wells Fargo swung to a big loss in the second quarter, forcing it to set aside billions of dollars to cover possible loan...
JPMorgan Chase sets aside more than $10 billion to weather the pandemic
The markets might be weathering the storm, but JPMorgan Chase is building an ark. The megabank’s second-quarter profits plunged by more than half as it set aside a staggering $10.5...
How small NJ bank Cross River distributed $5.4B in PPP funds
JPMorgan Chase's closest local rival in the race to lend out US coronavirus loans wasn't Citigroup or BNY Mellon -- it was a tiny, tech-savvy lender based in New Jersey....
Steve Cohen puts in $2B bid on Mets; J-Rod still in hunt
The first round of bids for the Mets are in — and for starters, Steve Cohen appears to have made the highest offer. Cohen, the hedge-fund billionaire who had previously...
Private equity tycoon's son involved in sexual assault lawsuit
The son of a Wall Street tycoon allegedly violently raped and sodomized one of his dad’s employees — and the father turned against the victim when she spoke out, according...
Movement on Mets sale about to pick up
The sale process for the Mets finally kicks into gear Thursday with the first-round bidding deadline. Suitors will be making indicative offers, meaning they will not be making binding bids....
Here's how much money banks snagged for distributing PPP funds
Big banks bagged a fortune in fees from distributing cash in the US government's aid program for small businesses stricken by the coronavirus, according to fresh data. JPMorgan Chase reaped...