Major institutions are becoming more selective about the work that they will accept — and often want cash too
Former UK prime minister returns to bank he worked at before entering politics
Goldman Sachs joins other banks in lifting end-of-year target for S&P 500 index
Digital bank ‘fell far short’ in carrying out adequate checks, says FCA watchdog
Plus, CoreWeave’s next financial engineering play and dealmakers are liberated from deal activity in Q2.
None of the largest US buyout firms proceeded with traditional June recruiting after JPMorgan chief objected
Complaints made against Swiss bank over losses on foreign exchange derivatives in wake of US tariff announcements
Government debt at near-record low yields has increased appeal of banks’ H shares
Industry transformation under way to broaden access to the asset class to mainstream of wealth portfolios
Under-40s put off weddings, home purchases and even divorce to save money
A new generation of US boutique investment banks is trying to end the dominance of Lazard and Rothschild
Groups left hanging with unpaid bills by Elon Musk’s efficiency drive turn to bridge loans for survival
Also in this newsletter, Jio BlackRock starts operations with a bang, and Anish Shah’s mantra
Wall Street firm hits back after being banned and ordered to return more than $550mn of ‘illegal gains’
The public markets giant now owns HPS. Its previous deal for Tennenbaum Capital Management has a troubled history
Plus, investors snap up gilts, ‘buying the dip’ and the best summer books of 2025
Charlie Nunn calls on government to tackle housing crisis to provide foundation for Britain’s economic growth
Permission to offer credit cards to 11mn British customers still pending as fintech nears 1st anniversary of becoming a bank
State school endowments see falling valuations as a prime opportunity to get in as public market expectations dim
Stablecoin issuers and traders are attracted by yields on offer and potential use as collateral in some derivatives transactions
Hundreds of entities in legal paralysis in the principality after US sanctions trigger wave of director resignations
Multiple extreme weather events are hitting the economy and require investment in safety
Investors who buy and sell houses to make quick profits feel the squeeze from higher costs and stamp duty
Planned leadership reshuffle at Big Four firm comes after recent clash with Saudi Arabia’s Public Investment Fund
UK-listed engineering group subject to formal investigation as takeover talks languish
