Jennifer Duggan

Dublin

Bureau Chief at Bloomberg News

Dublin Bureau Chief @business. Previously @time New York.

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Articles

Goldman Sachs eyes move into Ireland for its retail arm

1 day ago | independent.ie | Sridhar Natarajan |Jennifer Duggan

Goldman Sachs Group has held talks with regulators about an Irish launch of its retail bank Marcus, a move that could shake up the country's heavily concentrated market and give the Wall Street giant access to tens of billions of euros in deposits. The early-stage discussions took place in recent months and Ireland was one of the locations being considered for widening Marcus' footprint, according to people familiar with the deliberations.
Goldman in Talks to Expand Its Marcus Retail Bank Into Ireland

1 day ago | news.bloomberglaw.com | Sridhar Natarajan |Jennifer Duggan

Goldman already offers high interest savings in UK and USMove would shake up Ireland’s heavily concentrated sectorGoldman Sachs Group Inc. has held talks with regulators about an Irish launch of its retail bank Marcus, a move that could shake up the country’s heavily concentrated market and give the Wall Street giant access to tens of billions of euros in deposits.
Goldman in Talks to Expand Marcus Retail Bank Into Ireland

1 day ago | bloomberg.com | Sridhar Natarajan |Jennifer Duggan

The Marcus by Goldman Sachs logo on a smartphone arranged in New York, US, on Wednesday, June 26, 2024. Goldman Sachs Group Inc. is closing down its automated-investing business for the masses after clinching a deal with Betterment in April. Photographer: Gabby Jones/Bloomberg(Bloomberg) -- Goldman Sachs Group Inc.
Merz Confirmed as German Chancellor After Second Vote

1 week ago | bloomberg.com | Jennifer Duggan

On the second attempt, Friedrich Merz secured parliamentary backing as Germany’s new chancellor. The result paves the way for the conservative leader to take charge of Europe’s biggest economy but with considerably diminished authority. The repeat ballot was arranged after several hours of frantic consultations with constitutional experts. Merz secured 325 votes, more than the required 316 out of 630 lawmakers.
Morgan Stanley Plans to Offer Crypto Trading to E*Trade Clients

1 week ago | bloomberg.com | Jennifer Duggan

Cryptocurrency trading may get a boost with a plan Morgan Stanley is working on to add it to its E*Trade platform. The nascent project would would be the most significant move by a major US bank to help everyday customers buy into the asset class since the Trump administration began removing regulatory barriers. Executives envision launching the service sometime next year, according to people familiar.
ECB Cuts Rates Amid Tariff Fears: Evening Briefing Europe

3 weeks ago | news.bloombergtax.com | Jennifer Duggan

The European Central Bank lowered interest rates for the seventh time since last June, bringing the deposit rate to 2.25%. The widely expected cut comes as trade tensions threaten to derail the region’s economic recovery. “Downside risks to economic growth have increased,” President Christine Lagarde told reporters today in Frankfurt, stressing that it will still take time for the full consequences of US tariffs to become clear.
ECB Cuts Interest Rates With Another Reduction Seen Likely in June

3 weeks ago | bloomberg.com | Jennifer Duggan

The European Central Bank lowered interest rates for the seventh time since last June, bringing the deposit rate to 2.25%. The widely expected cut comes as trade tensions threaten to derail the region’s economic recovery. “Downside risks to economic growth have increased,” President Christine Lagarde told reporters today in Frankfurt, stressing that it will still take time for the full consequences of US tariffs to become clear.
Irish Pharma Exports to US Surge Amid Tariff Threat

4 weeks ago | bloomberg.com | Jennifer Duggan

The Eli Lilly & Co. manufacturing plant in Kinsale, Ireland. (Bloomberg) -- The value of Ireland’s exports to the US jumped by more than 200% in February from a year earlier, driven by medical and pharmaceutical products, according to the country’s statistics office. Overall exports to the US increased by €8.75 billion ($9.9 billion) to €12.9 billion, the agency said Tuesday. Chemicals and related goods, which include medical and pharmaceutical items, make up 91% of that total.
Ardagh Offers Secured Creditors New Debt Amid Restructuring

1 month ago | news.bloombergtax.com | Giulia Morpurgo |Jennifer Duggan

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Ardagh Offers Secured Creditors New Debt Amid Restructuring

1 month ago | news.bloomberglaw.com | Giulia Morpurgo |Jennifer Duggan

Ardagh Group SA is offering its secured creditors to exchange bonds nearing maturity for new debt instruments as part of a broader restructuring that would see Irish billionaire Paul Coulson lose control of part of the business. Ardagh is already in talks with a group of unsecured bondholders for a deal that would see them take over the glass packaging business in exchange for writing off their debt.