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Financials

  • Thursday, 10 October, 2024
    TD Bank
    TD Bank to pay $3bn in US case over money laundering lapses

    Prosecutors say Canadian lender failed to remedy ‘long-term, pervasive and systemic deficiencies’ because of cost controls

    The TD Bank logo on a building
  • Thursday, 10 October, 2024
    Fintech
    Former UBS chief Ralph Hamers joins AI wealth management start-up

    Dutchman to become external senior adviser to Arta Finance, venture founded by former Google employees

    Ralph Hamers
  • Thursday, 10 October, 2024
    Private equity
    Private equity groups’ assets struggling under hefty debt loads, Moody’s says

    Holdings of Platinum Equity and Clearlake Capital are at heightened risk of default, rating agency says

    Apollo Global Management signage in New York
  • Thursday, 10 October, 2024
    UK mortgage rates
    Cheapest UK mortgage deals hit by rise in government borrowing costs

    Barclays pulls best-priced home loan rate with other lenders set to follow suit

    Skyline of Denmark Hill and City of London behind
  • Thursday, 10 October, 2024
    News in-depthPfizer Inc
    Starboard plotted a campaign against Pfizer’s chief. Then a blank email dropped in his inbox

    A seemingly misfired message has embroiled Albert Bourla and his company in a high-stakes activist battle

    A montage of Ian Read and Albert Bourla with the logo of Pfizer in the background
  • Thursday, 10 October, 2024
    US financial regulation
    Warren criticises accounting watchdog over BDO audit failures

    Senator says US regulator needs to take tougher line against ‘repeat offenders’

    Elizabeth Warren
  • Thursday, 10 October, 2024
    Hurricanes
    Hurricane Milton leaves millions without power after lashing Florida

    At least four people are killed after state hit by tornadoes and winds of up to 120mph

    The shredded roof of the Tropicana Field St Petersburg, Florida, in the wake of Hurricane Milton
  • Thursday, 10 October, 2024
    UK financial regulation
    TSB fined £11mn for mistreating customers — including a dead one

    UK FCA says lender’s ‘woeful systems and controls’ exposed struggling clients to risk of harm

    TSB sign hanging outside a branch in London, England
  • Thursday, 10 October, 2024
    LexChinese business & finance
    Can China create its own Goldman Sachs? Premium content

    The country’s brokerages will need to consolidate to achieve scale

    People fly dragon-shaped kites on the Bund, with the skyline of Pudong's Lujiazui Financial District in Shanghai, China, visible in the background.
  • Thursday, 10 October, 2024
    LexUS insurance industry
    Hurricane Milton will test Florida’s creaking home insurance system Premium content

    It may be that a warming planet cannot be underwritten at any acceptable cost

    A woman struggles against the wind with a turned-out umbrella while carrying bags and blankets in a parking lot
  • Thursday, 10 October, 2024
    Liontrust
    Liontrust chief warns uncertainty over tax changes in UK Budget hurting investment

    Asset manager posts another quarter of net outflows amid ‘challenging’ conditions

    The City of London skyline
  • Thursday, 10 October, 2024
    Tritax EuroBox Plc
    Brookfield outbids Segro in takeover battle for warehouse owner

    Logistics properties have become one of the most attractive parts of the commercial real estate sector

    Construction vehicles stand in front of the framework of the large  building
  • Thursday, 10 October, 2024
    News in-depthLegal services
    Rise of ‘mega trials’ fuels fee bonanza for London’s top lawyers

    Social media promotion and increase in US-style funding leads to more complex and costly cases

    The exterior of the Royal Courts of Justice in London, focusing on the Rolls Building. A sign reads "The Rolls Building, Royal Courts of Justice, The Business and Property Courts of England & Wales." The building features ornate Gothic architecture, with a flagpole displaying the Union Jack flag.
  • Thursday, 10 October, 2024
    Exchange traded funds
    China stimulus unleashes ETF buying spree in US and Europe

    Bonanza helped lift global September inflows to $141bn, keeping industry on track for record-breaking year

    Pedestrians touch the Bund Bull in Shanghai, China
  • Thursday, 10 October, 2024
    Investment Banking
    The ‘80-hour circuit breaker’: Wall Street banks tackle workloads of junior staff

    Moves to cap weekly hours for entry-level bankers butt against reality of competitive industry

    Montage image of a junior businesswoman using her laptop at night with Canary Wharf in the background.
  • Thursday, 10 October, 2024
    Capital markets
    Hurricane Milton to test booming ‘cat bond’ market

    Investors warn of impact to value of natural disaster-linked debt from massive Florida storm

    Rain falls in Tampa, Florida ahead of the arrival of Hurricane Milton on Wednesday
  • Thursday, 10 October, 2024
    HSBC Holdings PLC
    HSBC targets senior bankers in cost-cutting plan

    New chief Georges Elhedery is working on restructuring that could save as much as $300mn

    A bronze lion statue is prominently displayed outside the HSBC headquarters in Hong Kong's central financial district. The background shows the HSBC Life sign and modern skyscrapers under a vibrant evening sky.
  • Thursday, 10 October, 2024
    Pfizer Inc
    Former Pfizer executives pull out of activist investor Starboard’s campaign

    Hedge fund had enlisted help from ex-chair Ian Read and former finance chief Frank D’Amelio

    Close-up of Ian Read
  • Wednesday, 9 October, 2024
    HPS Investment Partners LLC
    Private lender HPS exploring $10bn sale to bidders including BlackRock

    Firm is also weighing IPO while world’s largest money manager seeks to boost its presence in alternative investments

    Larry Fink
  • Wednesday, 9 October, 2024
    Behind the Money podcast19 min listen
    Could Italy’s UniCredit reignite European banking?

    Italy’s UniCredit pursues a stake in Germany’s Commerzbank

  • Wednesday, 9 October, 2024
    Due Diligence
    Private equity: the ‘lazy’ days are over Premium content

    Plus, Ares scales up its real estate business

    The annual Due Diligence Live conference in London
  • Wednesday, 9 October, 2024
    Carlos Torres Vila
    It’s a good thing that European dealmaking is back on the table

    The pressing risk no longer is that banks are ‘too big to fail’ but ‘too small to deliver’

    Façade of the ‘La Vela’ building, in BBVA’s city,  in Madrid
  • Wednesday, 9 October, 2024
    Commerzbank AG
    A Commerzbank takeover? Some Mittelstand executives say why not

    In contrast to Berlin’s stiff opposition, many family-owned businesses are pragmatic about a bid by UniCredit

    Montage of a solar panel farm in Germany, general view of Berlin, €10 note being helf, and an agricultural worker moving boxes on a truck, with the Commerzbank logo in the centre
  • Tuesday, 8 October, 2024
    Unhedged Podcast21 min listen
    Markets send mixed signals

    Can rate cuts and good jobs numbers both happen?

  • Tuesday, 8 October, 2024
    Crypto.com
    Crypto.com sues SEC after receiving legal threat from US regulator

    Crypto exchange accuses securities watchdog of ‘over-reach’ and argues it ‘cannot lawfully regulate’ token sales

    The Crypto.com Arena, formerly the Staples Center, in Los Angeles
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Most Read

  1. HSBC targets senior bankers in cost-cutting plan
  2. The ‘80-hour circuit breaker’: Wall Street banks tackle workloads of junior staff
  3. Starboard plotted a campaign against Pfizer’s chief. Then a blank email dropped in his inbox
  4. Hurricane Milton leaves millions without power after lashing Florida
  5. Private equity groups’ assets struggling under hefty debt loads, Moody’s says

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