BlackRock has bought into private capital boom at a steep cost
Deals raise question of how BlackRock’s culture will change with all these Masters of the Universe in the building
UK
Why being close to a cycle network can boost house prices
Andy333/ShutterstockIn the Danish capital Copenhagen, cycling is more than just a mode of transport; it’s a cornerstone of urban life. Residents cycle an average of 1.4km daily, with four in ten using bikes to commute to work and a third relying on cycling to reach leisure facilities or shopping.
BlackRock agrees to buy investment firm HPS in $12bn deal
Deal is latest move by chief Larry Fink to accelerate group’s expansion into alternative assets
Utah orders A-Cap insurers to cease new business after 777 debacle
Three US life insurers in ‘hazardous financial condition’ after sports buying spree unravels
Audit firms sharpen knives for oversight panel under Trump
Threat to accounting board is greatest since it was created in the wake of the Enron audit scandal, accounting veterans say
Jet zero? Why net zero in aviation can’t get off the ground
The airline industry is on course to miss its 2050 net zero target for aviation. Passenger numbers continue to soar, while alternatives to fossil fuels remain underdeveloped. Missing this target matters because aviation contributes significantly to climate change.
Russian rouble collapse exposes deep problems in the country’s economy
fornStudio / ShutterstockThe Russian rouble dropped to 110 against the US dollar on November 27, its lowest level since the start of the war in Ukraine. It has since rallied slightly, but the rouble is still down by 8% against the dollar over the past month.
Restoring Nomura’s credibility will take more than pay cuts
Taint of latest scandal overshadows bank’s growing earnings and could have long-lasting consequences
NatWest likely to return to full private ownership next year, says chief
Government stake in UK bank has fallen to below 11%
Nomura chief apologises after ex-employee charged with clients’ attempted murder
Former wealth management staff arrested after allegedly setting customers’ house on fire
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