How ‘The Millionaires’ Factory’ might shift under new CEO
Macquarie leans a little more into traditional banking but growth could come from elsewhere
Financial Times
Aston Martin creditors threaten legal action after branding rights sale plan
Bondholders send carmaker letter warning they may file suit aimed at unwinding HPS transaction and blocking asset disposal
UBS fined $125mn over lax money laundering controls
Swiss bank failed to implement adequate curbs despite previous sanction by US regulators
French banks warm to election financing in potential boost for Le Pen
Lenders signal willingness to offer campaign loans if government guarantees are in place
Wall Street learns to love blockchain
Financial companies hope to modernise markets with the technology but systemic risks remain
Monte dei Paschi explores Banco BPM takeover after ‘merger of equals’ talks collapse
MPS chief executive weighs approach to Banco BPM’s largest shareholder, Crédit Agricole
Walter insurers paid millions of dollars to credit rating provider Egan-Jones
Billionaire investor faces wide-ranging probe into the private credit holdings of insurers he controls
Morgan Stanley’s IPO after-party: a wealth management bonanza
Bank’s underwriting of SpaceX and other new issues generates $74bn second-quarter haul in wealth management assets
Foreign bidders woo UK companies with ‘bear hug’ takeover offers
London-listed businesses face surge in unsolicited public offers that aim to pressure boards into acceptance
Situational Awareness got the future right but misread the past
Leopold Aschenbrenner thought AI-related stocks would go one way; they went the other. The mistake was funding the trades with debt
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