Chief investment officer says stocks and bonds would have prevented ‘all the drama’
President preparing executive order to allow 401k plans to tap broad pool of alternative assets
Appeals court overturns verdict after US Supreme Court invalidated a key legal theory used to convict him
Shares in London-listed company drop after fees fall from international transfers
Move is first step in potentially years-long battle between European Commission and Madrid
And bank results show the USA is OK
Plus, Citigroup poaches top JPMorgan bankers and Mamdani faces Wall Street critics
Britain ‘cannot afford to scare capital away’, says Royal Bank of Canada boss Dave McKay
Jain Global’s first year showcases the huge barriers to entry of starting a new multi-strategy hedge fund
Countries balance public demand for digital money against warnings over sector’s risks to financial stability
The US bank hired Viswas Raghavan as head of banking in 2024 to bolster its position in investment banking
Solomon may lack his predecessor’s smoothness but investors prefer effectiveness
Fees from return of dealmaking add to another record quarter for Wall Street bank’s equity traders
US lender posts strong revenue growth at retail bank and markets divisions
Wall Street bank’s unit serving high-income clients pulled in $59bn of net inflows during the second quarter
Government to reform rules for ‘captives’ as part of chancellor’s deregulation push
Investment in Spain’s third-largest football club would extend US alternative asset manager’s buying spree in Europe
Bank fine linked to criminal cases, including one that embroiled Bernie Ecclestone’s ex son-in-law
Oliver Bäte predicts country’s social security system could collapse in a decade unless spending is cut
Growth requires clearer signals on tax and bolder reforms
Attendees of Mansion House dinner say UK chancellor needs to go further with anti-regulation, pro-risk stance
Plus, a hedge fund’s rare-earths bet comes good and Elliott builds stake in Global Payments
Law firms in ‘no-win, no-fee’ class actions criticised for imposing ‘deeply troubling’ exit charges
Hg spent two decades taking Visma to the brink of London’s biggest tech IPO in years. Can it repeat the trick with bigger, newer funds?
Civil lawsuit in Germany reveals Christian Sewing’s role in audit that contributed to six bankers being convicted in 2019
