US money market risks new bout of stress, Wall Street banks say
Federal Reserve may need to begin asset purchases if short-term rates flare up again
UK
Reeves considers less dramatic cut to cash Isa allowance
Government encourages Isa providers to revamp stocks-and-shares savings products
Why women land top jobs in struggling organisations – they may just be better in a crisis
Women are increasingly occupying top leadership roles across organisations, political parties and even nations. This may seem unequivocally like a good thing. Yet, many of these roles are undertaken in precarious circumstances, with inherent risks that might make them unattractive to men.
Bankers see off Chancellor’s raid but remain vigilant
Plus, the Treasury’s decision to spare banks lifts shares
Life insurer Brighthouse agrees to $4.1bn takeover by Aquarian
Acquisition extends private equity’s reshaping of US insurance sector by likes of Apollo and KKR
UBS to liquidate funds with substantial First Brands exposure
Swiss bank grapples with $500mn of exposure to First Brands across its investment arms
Qatar to invest $30bn to build Egyptian beach resort
One of Egypt’s largest foreign investments comes as Cairo sells land to Gulf sovereign real estate developers
Crypto exchange Coinbase fined €21.5mn by Ireland’s central bank
Group failed to properly monitor trades potentially linked to child sex exploitation, drug trafficking and money laundering
Charles Schwab agrees deal for private share exchange Forge Global
Move reflects growing investor demand for stakes in private companies as valuations soar
JPMorgan hit with record fine from German finance watchdog
BaFin imposes its highest ever penalty of €45mn on European arm of Wall Street bank
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