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...UK asset manager Jupiter is considering dumping £1bn of holdings in its own funds as one of its star managers prepares to leave the company....
...The former Macquarie star commodities trader Nick O’Kane has agreed terms to join Mercuria as the Swiss trading house seeks to expand its gas and power business, according to people with knowledge of the...
...A former star of European asset management that oversaw more than €30bn at its peak, H2O was engulfed in crisis in 2019 after the Financial Times revealed it had poured its investors’ money into hard-to-sell...
...“I was never the financial saviour of Middle England, but then, neither do I think I was worthy of the onslaught that followed the failure of my business.”...
...He points to the use of co-pilot systems to help reduce mundane tasks in financial services as in other areas....
...panacea: “There is still a risk that assets will have to be sold at low prices, to repay the borrowing, locking in losses,” said Alasdair Macdonald, head of investment strategy with WTW, a professional services...
...Private equity group Carlyle and Abu Dhabi investment group IMI have agreed a fresh debt funding package for the Barclay family’s Very Group, the Liverpool-based retail and financial services group....
...Sony will list its financial services arm in 2025, providing a boost for investors even as the Japanese group cut its forecast for full=year sales of its PS5 gaming console....
...to German security services....
...Klarna, which provides “buy now, pay later” services, is used by 150mn digital consumers in 45 countries....
...It is just one of several regulations that financial services businesses with cross-Channel operations have been trying to navigate after Brexit....
...Chief executive Shemara Wikramanayake said O’Kane, who joined Macquarie 28 years ago, had made a “massive contribution” building up the energy trading business and that he was leaving the financial services...
...Any up-and-coming pop star knows: it is tough to break America. A number of financial institutions have tried to crack the US over the years. Not many have succeeded....
...“We do trade LNG, but more from a financial perspective, and we wanted to grow on the physical side of things,” Dunand said....
...What used to be a farming nation was transformed into a more manufacturing-oriented economy supported by free trade zones, and then a services-driven economy thanks to tourism and a bigger financial system...
...The star was granted mid-dinner service on a Monday in early February and was received first by our head chef on stage in Manchester, then by six of us on service that night crowded around a cell phone at...
...MainFT: The Jersey Financial Services Commission revealed on Wednesday that it had not yet received any application for authorisation from Woodford for a new, Jersey-based investment management company,...
...“You still have some rock stars like [TCI’s] Chris Hohn, but there just aren’t many of him around anymore.”...
...The Post Office, which remained under public ownership when Royal Mail was privatised, made just £500mn of revenues from financial services last year....
...Spending on digital services is particularly buoyant in financial services, experts say, due in part to rising interest rates boosting margins for banks — creating surplus cash for them to spend on IT....
...The Wall Street Journal reported earlier this year that, in 2022, six financial institutions moved half a trillion dollars from AFS to HTM....
...Chart of the week Star stockpickers used to rule the roost in the world of hedge funds, but their influence is waning....
...With the indebtedness of governments, businesses and households at a peacetime record, renewed evidence of financial strains may yet emerge....
...“Sam was not a ruthless financial serial killer,” Mukasey said. “Sam never scurried away with billions of dollars in a Swiss bank account.”...
...Having big stars gives labels better leverage in negotiating financial deals with the streaming platforms....
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