Hedge fund Brevan Howard cuts 10% of staff amid poor performance
Macro firm shedding around 100 jobs after difficult 2023
Financial Times
Hipgnosis agrees $1.4bn sale to Concord Chorus
Struggling music rights business strikes deal with US rival
Woodford was German, just for one day
Vorsprung durch TechNeil
High-speed trader Jane Street raked in $4.4bn at start of 2024
Trading revenue for secretive New York firm rivals sums generated by Wall Street banks
Coventry Building Society agrees £780mn merger with Co-op Bank
A deal would see the private-equity controlled lender eventually return to mutual ownership
PwC to reverse controversial US tax split
Incoming US senior partner Paul Griggs plans to reunify tax division, dismantling predecessor’s model
Amundi heads west in bid to be Europe’s BlackRock
Victory Capital deal will nearly triple US assets under management
Raiffeisen warns ECB plans could derail plan to sell Russian arm
Bank has reduced Russian loan book but profits and headcount have increased since full-scale Ukraine invasion
UK car insurance prices fall for first time in two years
Quarter-on-quarter drop provides some relief for households but quotes are up 43% from a year ago
Blackstone warns that private equity cannot return capital ‘overnight’
Industry sitting on record amounts of unsold assets that will take time to sell even as M&A market returns to life
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