Private market funds lag US stocks over short and long term
State Street private equity index outpaced by S&P 500 over 3 months and 1, 3, 5 and 10 years for first time since 2000
UK
European banks spend €1.1bn axing senior staff
Largest single severance payment of €11.2mn in pool split between 2,100 staff at seven banks since 2018
UK consumers urged to ‘get to grips’ with their pensions
Many people fail to save enough to fund retirement, warn industry figures
Trading firm Tower Research to launch fund for outside investors
High-frequency market makers are seeking new avenues for growth as competition increases
European banks spend €1bn to fire workers
Plus, Lex Greensill throws shade at SoftBank and creditors weigh Warner Bros Discovery deal
US and Switzerland end stalemate over client information
Agreement lifts blockade on approvals of new Swiss investment advisers to pursue American wealth management
Private capital group Blackstone plots $500bn expansion in Europe
Co-founder Stephen Schwarzman sees ‘signs of change’ across the region
Lex Greensill says he suffers from ‘PTSD’ after SoftBank rescue talks
Greensill Capital founder says negotiations with Japanese group left him with ‘third-degree burns’
Citigroup poised to boost provisions for potential bad loans
US bank’s move signals growing financial stress among businesses and consumers
Why the salmon on your plate contains less omega-3 than it used to – and how the industry can address that
Maria_Usp/ShutterstockFarmed Atlantic salmon has become one of the most highly traded food commodities in the world, enjoyed for its versatility as much as for its health benefits. It has long been known that eating oily fish such as salmon is the best way to consume long-chain omega-3 fatty acids.
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