Canadian financial services group working with Fenchurch Advisory on a strategic review of the venture
Italy’s third-largest bank says value of offer is ‘completely unusual’ and fails to reflect its prospects
Bank of England proposes relaxation of restrictions dating from financial crisis
Red-pilling national economic accounting methodology to avoid backing down
Trader bypassed internal systems in bid to hide losses, says FCA
World’s largest real estate investor wants to capitalise on post-pandemic travel boom
Plus, Northvolt’s bankruptcy leads to investor losses and Blackstone teams up with energy giant in new financing deal
As few as 2,000 employees could receive pay and title bumps in the next month, down from about 8,000 in previous rounds
Two months ago UniCredit swooped on Germany’s Commerzbank. Now the dealmaker is bidding for Banco BPM
Increasing numbers of US managers are making the move offering investors multiple advantages
New York-based bank was vocal champion of Indian group whose billionaire head is accused of bribery scheme
Former top investment officer at Franklin Templeton’s Western Asset Management is subject of criminal and civil cases
Bid for domestic competitor hits shares in Germany’s Commerzbank, which had been viewed as a target
West Worcestershire MP urges Environment Agency to expedite permanent scheme as storm causes damage across country
Ministers have argued higher fund allocations to private equity and infrastructure would generate better returns
Car loan commission ruling suggests the industry has not learnt from its mistakes
Asset management subsidiary of Abu Dhabi’s state investment fund seeks more exposure in North America
Swedish buy now, pay later company boosted after signing partnerships with groups including Apple Pay
A transatlantic regulatory arbitrage resurfaces in short-term money markets
Lowball offer for BPM is unlikely to succeed but gives UniCredit’s chief room for manoeuvre
Deal would bring together two of the biggest European names in sector
Accounting in private capital has increasingly come under fire
Joint venture for pipeline stakes is latest example of companies using private capital firms for balance sheet relief
FCA says UK bank’s conduct in October 2008 capital raising was ‘reckless and lacked integrity’
Plus, Trump’s stock market honeymoon, Germany’s ‘debt brake’, and Francis Bacon at the National Portrait Gallery
