Warning that banks may find it difficult to manage risks comes a day after HSBC disclosed $400mn hit
DeFi was once touted as the future of finance but traders have grown concerned over the security of these projects
Spanish bank to run combined business as Santander UK after £2.65bn takeover
The sector remains untested in a severe or prolonged economic downturn
Delayed IPO of €19bn software group Visma was meant to be a crowning moment for PE group Hg — and London
The Securities and Exchange Commission has proposed allowing public companies to file earnings reports semi-annually
Corporate leaders are betting that automation will produce outsized returns
Dimon and Fink upbeat in separate comments about demand for the technology as Wall Street funds sector’s spending
Federal prosecutors say Val Sklarov sold shares pledged as collateral for loan
Lawyers for hedge fund boss say that FCA tried to bring sexual harassment case ‘by the back door’
As the original private equity barbarian reaches milestone, the FT interviews its founders and their successors
Loss came via Apollo lending to collapsed mortgage lender MFS
Bank elevates global heads of M&A and risk for investment banking and trading
Up to a point
Italian group pressing ahead with €35bn bid for Germany’s Commerzbank
The firm’s lockstep pay structure looks quaint as fierce rainmaker poaching wars reshape the sector
Former commodities trader’s £12mn lawsuit alleges German lender breached a ‘duty of care’
The sale of the UK’s largest independent asset manager comes after the death of a patriarch and the rise of giant US funds
Investment manager uses ownership structure designed to work around profession’s ban on outside equity capital
Tennessee policy attracts corporations and high earners but locals are being priced out of Music City
Employees will be paid directly for generating business instead of sharing revenue between the group’s units
New consulting company to advise Wall Street groups on how to deploy its AI across their investment portfolios
Simon Sadler of Segantii Capital faces criminal charges over alleged insider trading of clothing retailer Esprit
New legislation pushing the mandatory allocation of investments into private assets conflicts with the fiduciary duty of trustees
Plus, Elliott likens Iran war to battling Nazis, Wall Street piles into Treasuries, and Raphael at The Met
