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Multi-manager tells 150 employees, mostly in non-investment roles, they are losing their jobs
High interest rates and plunging property values shake up commercial real estate market
Shareholder vote on $720mn buyout includes special payouts to founder Daniel Och
Bees! BEES!
If there is no recession, bank stocks are too cheap
Plus, a star City trader enters the next phase of his career and ValueAct becomes the latest activist to storm Disney
Private equity firm raises funds through collateralised loan obligation secured by its portfolio
The 75-year-old owner has no intention of retiring but has emphasised the firm’s transition to shared leadership
The 300-year-old exchange makes under 4% of its revenues from listing and dealing stocks, as it has become one of the world’s biggest financial data groups
Commercial banks are seen to be making progress though not without criticism of industry’s overall D&I performance
Part-time work option and hybrid model assist in supporting female participation in labour market
Bloated balance sheets need to come down without endangering financial stability
Regulators seen to be appeasing retail investors ahead of parliamentary elections next year
Basic numeracy at low levels among young people
Promotion of Americas financial services head follows failed plan to split off consulting arm
Wall Street is pushing media groups to curb profligate spending and focus on streaming profits
Staying on the sidelines is lucrative enough with risk-free rates at about 5%
Investor interest in debt yielding about 9.6% comes after UBS received $36bn of demand last week
PCAOB imposes total penalties nearing $12mn against PwC, Deloitte, KPMG and others
Supreme court upholds conviction against Swiss lender but orders €1.8bn of penalties to be recalculated
The Tory donor will step back from his firm as the Canadian money manager bulks up in private credit
Investment chief at £38bn foundation says ‘tourist capital’ that flowed into sector could face losses
If BoJ ends its negative interest rate, bank shares will make further gains
Rental charges rise at record pace as high borrowing costs hit both would-be buyers and landlords
Arrangement created with broking giant Marsh McLennan will provide affordable cover for Black Sea vessels
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