Private equity’s comeback is missing one key ingredient
The industry has come under the spotlight for circular dealmaking, but it has always eaten a lot of its own cooking
UK
Revolut’s full UK banking licence held up by concerns over global risk controls
Europe’s most valuable start-up has waited years for approval to begin lending in its home market
Shipping insurers threaten to raise prices after $1bn fine for plastic spill
Insurers lobby Sri Lankan president to intervene after supreme court imposes significant penalty that could rise further
Goldman Sachs to buy investment group Industry Ventures for $1bn
Acquisition will deepen Wall Street bank’s asset management business
EY accused of misleading watchdog over NMC Health audit
Failed hospital operator’s administrators seeking about £2bn damages from accounting firm in trial over missed ‘red flags’
Millions will get a windfall over car finance. Research helps us understand what they’ll do with it
MJTH/ShutterstockMillions of motorists across the UK could be in line for payments of around £700 after car dealers mis-sold finance to earn commission. Finance providers stand to lose billions compensating consumers after the scandal.
First Brands founder Patrick James steps down as CEO
Charles Moore of Alvarez & Marsal to become ‘interim chief executive’ as well as chief restructuring officer
Could digital currencies end banking as we know it? The future of money
Inkoly/ShutterstockThroughout history, control over money has been one of the most powerful levers of state authority. Rulers have long understood that whoever issues and manages the currency also commands the economy and, by extension, society itself.
India’s burgeoning financial technology sector could teach Keir Starmer something about levelling up
Keir Starmer’s first visit to India was a chance to talk about trade, technology and a closer relationship. The UK prime minister said he was impressed by the country’s “sheer scale” and impressive economic growth.
What could burst the AI bubble?
Tada Images/ShutterstockSome of the world’s biggest tech firms have soared in value over the last year. As AI evolves at pace, there are hopes that it will improve lives in ways that people could never have imagined a decade ago – in sectors as diverse as healthcare, employment and scientific discovery.
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