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Promotion of Hong Kong based insider Hidehiro Imatsu follows months-long leadership vacuum
British bank reports 13% decline in quarterly profits but still beats analysts’ expectations
First-quarter net income increased 10% from a year earlier to €1.45bn
Allocations represented only 16% of total new money garnered by ETFs, down from 65% during highs of 2022
Trend-followers profit from bets on rocketing cocoa price and against sinking yen
Offer for music rights group rises to $1.5bn as Apollo-backed investor beats rival’s bid
The RBI is stepping up efforts to crack down on the consumer-finance sector
UK’s largest asset manager has hired headhunters to sound out potential candidates
Analysts estimate changes could require between $15bn and $25bn of additional capital for the lender
Collapsed crypto firm and co-founder were found liable for fraud
CFPB boss warns over competition and financial stability as Capital One and Discover pursue $35bn merger
The industry has not had much to celebrate of late but some things are looking up
Deal with Atlas SP comes after private capital group acquired unit from Credit Suisse
Lee Robinson’s expertise was ‘like having Lionel Messi on your team’. Now his relationship with Warrington is under scrutiny
Regulator says sector needs a consolidated view to avoid a repeat of Archegos fiasco
Huge bullish bets on Shanghai exchanges show growing clout of Asian traders in market for precious metal
Decision hurts David Handler’s chances of securing potentially millions of dollars in equity he sought from the elite M&A boutique
Market share of 44% in fast-growing part of industry far exceeds Pimco’s 15% and Fidelity’s 11%
Plus, big consulting firms look to pare down their ranks and Blackstone makes a bid for Hipgnosis
Leading players look to partner with banks rather than be their adversaries
The London-based fintech has hired a TikTok executive to lead a ‘media strategy’ as it seeks to diversify revenues
Head of financial institutions group for Europe relocates at sensitive time for its operations on the continent
US manager known for aggressive approach bets markets are too pessimistic about potential losses on utility’s debt
The basic issue for the sector is that revenues are flatlining
TLcom Capital doubles previous amount to raise $154mn for continent’s start-ups in a move that could help ease sector gloom
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