Cinven CEO and CFO step down amid risk of ban over price gouging
Regulator considers whether to ask court to ban pair after firm was fined over drugs sold to NHS
UK
Monzo board should stand firm on its chief executive switch
Announcement of a new CEO seemed to start smoothly but now threatens to descend into a mess
US prosecutors call subprime lender Tricolor a ‘financial crimes enterprise’
Justice department says subprime auto lender defrauded its lenders before its collapse this year
London property prices fall at fastest pace in nearly 2 years
Drop of 2.4% in year to October takes cost of average dwelling in UK capital to £547,299
German fintech hits €12.5bn valuation in deal backed by Peter Thiel
Trade Republic’s €1.2bn share deal also attracts new backers including Singapore’s wealth fund
Monzo shareholders push to oust chair in revolt over CEO’s exit
Investors including Accel and Iconiq are also pressing for greater board representation for shareholders
The hypocrisy of US complaints over X’s EU fine
Howls of protest over a modest penalty from the EU contrast with Europe’s silence over far bigger punishments levied on its banks by America
JPMorgan pulls $350bn from Fed to buy up Treasuries
Biggest US bank has moved to lock in higher yields ahead of central bank rate cuts
China property stocks still can’t find a floor
Valuations at rock-bottom levels may tempt investors but the market shows little sign of stabilising
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