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Snap Stock Tumbles as Digital-Advertising Concerns Spread

Social-media companies warn that a slowing economy is weighing on their growth as the Snapchat parent’s stock falls more than 30%. Read More...

Reuters

Guggenheim lures oil and gas bankers from Citigroup -sources

Guggenheim Securities has hired three investment bankers from Citigroup Inc’s oil and gas team, people familiar with the matter said, as competition for talent in the sector intensifies amid a surge in energy prices that favors dealmaking. The trio includes Muhammad Laghari, who had been head of North American upstream investment banking at Citigroup and will be tasked with leading Guggenheim’s push into advising oil and gas exploration and production companies on mergers and acquisitions and capital markets transactions, the sources said.

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