Latest news with #Cynar
Yahoo
7 days ago
- Business
- Yahoo
Jewel Box bar in Portland faces uncertain future
May 28—Jewel Box owner Nathaniel Meiklejohn is entertaining offers from investors or buyers for his idiosyncratic, James Beard-nominated bar on Congress Street, he announced in an Instagram post. Meiklejohn had been considering closing the bar altogether, he wrote. "Since the pandemic, I have taken on a lot of debt in order to keep functioning as a business. Portland itself & the world at large is changing, the saturation of bars/restaurants in this town, the cost of living, the increase in prices of goods & the overwhelming wealth discrepancy that exists in this town/country/world are all factors contributing to this reality. We are at a point where our sales cannot pay our overhead in addition to the loans we have," the post says. "This is likely the last year of this iteration of the Jewel Box with myself as the owner. I am unsure what the future may bring, but I invite all possibilities," it concluded. Jewel Box, originally called Bearded Lady's Jewel Box, opened in 2014 at 644 Congress St. in the Arts District. One of Portland's early cocktail bars, it was aimed at being especially welcoming to marginalized people. The bar has made repeat appearances on the Portland Press Herald's annual Best 75 list, including this year, when then-restaurant critic Andrew Ross described it as "a dimly lit speakeasy with no sign to indicate you've found it, while the interior is what you might get if Jules Verne listened to trip-hop and drank one-too-many Back Bay Boulevardiers (bourbon, Speckled Ax coffee, Cynar, Campari)." Meiklejohn could not be immediately reached for comment. Copy the Story Link
Yahoo
22-03-2025
- Business
- Yahoo
Citadel Securities Poaches From Banks to Run US Rates Sales Team
(Bloomberg) -- Citadel Securities added more talent from the largest banks to its roster, as Ken Griffin's trading firm looks to expand its rates business across the globe. New York Subway Ditches MetroCard After 32 Years for Tap-And-Go Despite Cost-Cutting Moves, Trump Plans to Remake DC in His Style Amtrak CEO Departs Amid Threats of a Transit Funding Pullback LA Faces $1 Billion Budget Hole, Warns of Thousands of Layoffs NYC Plans for Flood Protection Without Federal Funds The firm hired Keith Cynar from Goldman Sachs Group Inc. and Jordan Brink from Morgan Stanley to co-head US rates sales, according to Jordan Cila, head of US fixed income sales. Both executives will be based in New York, reporting to Cila starting in May. 'We have a mission to be a true partner and trusted liquidity provider to our clients,' Cila said in an interview Thursday. 'These additions are very much within that framework and goal.' Cynar and Brink, both managing directors, spent nearly all of their careers at Goldman and Morgan Stanley, respectively, according to industry records. Brink was co-head of US interest rates sales at Morgan Stanley, while Cynar spent over 23 years at Goldman, most recently in interest rate product sales, according to their LinkedIn profiles. The hires underscore Citadel Securities' ambition to grow its rates business and compete with Wall Street banks such as Goldman and JPMorgan Chase & Co. It's been hiring from some of those firms, including Jim Esposito, Goldman's former co-head of banking and markets, who became president last September. Just last week the firm added Goldman's Scott Rubner to the institutional derivatives business, where he will draw on its data and offer insights and commentary to clients. Citadel Securities made another key sales hire for its rates business, tapping Paul Hutchen, who was managing director, hedge funds and asset managers rates sales at BNP Paribas, for its US rates sales team, according to executives. Hutchen will focus on hedge fund clients, also based in New York starting this month. Representatives for Goldman, Morgan Stanley and BNP Paribas declined to comment. Citadel Securities has made a concerted effort to streamline its operations to better connect with institutional clients. It aligned its products across equities and fixed income to mimic Wall Street heavyweights like Goldman. In December they created a new Strategic Client Coverage Group, led by Goldman veteran Av Bhavsar. The firm's rates market-making business, which started a decade ago, doubled the number of its trading clients in the last five years to over 1,000, according to Cila. Nohshad Shah, who previously led EMEA rate sales at Goldman, was hired by Citadel Securities in December to run Europe, Middle East and Africa fixed income sales. There, it's been building out its rates business as new member of the bund issues auction group, allowing it to participate in primary auctions of German debt. A New 'China Shock' Is Destroying Jobs Around the World Tesla's Gamble on MAGA Customers Won't Work How TD Became America's Most Convenient Bank for Money Launderers The Real Reason Trump Is Pushing 'Buy American' The Future of Higher Ed Is in Austin ©2025 Bloomberg L.P.
