Asset Management: Is BlackRock becoming a tech company?
Plus, financial instability, a new era of low returns, and the interiors created by female fashion designers
UK
There is no alternative to alternative assets
Diversifying into private markets can build resilience but expertise and experience are required
World’s largest gold ETF to use non-UK vaults for the first time
HSBC was sole custodian of $52.5bn SPDR Gold Trust but it will now add JPMorgan vaults in Zurich and New York
Cheap loans set to give young Greeks a shot at a home of their own
Government programme will offer mortgages for as little as 1% to address an affordability crisis
Asset managers pour money into tech platforms to take on BlackRock
Companies including State Street and Pimco compete to capture slice of outsourced IT services
Meloni pushes back on Italy’s shift into digital payments age
Brussels may resist plan to give businesses the right to demand cash for low-value transactions
English councils struggle to maintain Ukraine refugee scheme as war drags on
Local authorities fear spike in number of homeless migrants as ‘broken’ rental market hinders shift from volunteer hosts
PwC targets rival EY in bid to expand partnership
Big Four firm says it has capacity to take up to 500 ‘direct admit’ partners in US
Eurozone bank lending predicted to fall for first time since 2014
EY expects it will be harder for cash-strapped companies to borrow next year
‘We kind of lost track’: how Sam Bankman-Fried blurred lines between FTX and Alameda
Exchange’s former CEO says he was close to key decisions at nominally separate trading firm
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