Figure is fraction of the $25bn initially targeted by billionaire hedge fund manager
City’s merger watchdog formally ostracises 10 dealmakers for misleading market more than a decade ago
In the coming quarters, sticking to cost reduction plans will be key to keeping earnings strong
Austrian lender generated more than half of its profits in Russia and Belarus in the first six months of the year
Bill Winters cites ‘attractiveness’ of new administration as bank reports rising profits
Wealth manager beats expectations on profits and inflows and sets new growth targets
Plus, Carlyle sticks with its oil and gas investments, and BlackRock’s Larry Fink takes his time finding a successor
Tokenisation could allow payments to be embedded more efficiently and deeply into our increasingly digital economy
Domestic equities ETFs continue to benefit from an unceasing flood of retail investors
Reaction to forecasts by the bank point to the political sensitivity of research in the country
Rent of $200 a sq ft in Brickell building highlights city as rare bright spot in US commercial real estate landscape
Government launches plans affecting buyout industry and wealthy foreigners living in the UK
Financial Conduct Authority launches discussion paper on simplifying rules to boost competitiveness
No Go! No Go! Ackman
Bank earnings in Palestinian territory have been hit and theft is rising as Israeli curbs and war fallout leave over $1bn idling in vaults
US buyout group’s London-based energy division combines counterintuitive strategy with commitment to cut emissions
UK bank brings case over securitisation of loans that US group sold in mortgage push
The head of the giant asset manager has been grooming a new top team for more than a decade. Some worry he is taking too long
Private equity firms have been sitting on about 28,000 unsold companies worth $3.2tn
Head of Europe’s biggest stock exchange operator says group would consider combination with any large regional rival
Crackdown on bankers extends to Hong Kong as Beijing broadens scrutiny of finance sector
Chief executive says it has war chest for a deal to broaden company’s product range and customer base
Natural disasters, inflation and population growth prove toxic mix for industry
Small-cap ‘legend’ is retiring at 84 just as shares in smaller US companies are back in favour
The latest data suggests buy-to-let purchases are down, mortgage lending has dropped off and the sector is shrinking