Corporate job losses mount amid tightening economy and AI growth
Recent cuts mark end of job security for high-earning knowledge workers whose ranks grew since pandemic
Financial Times
Hong Kong insurance sales hit record as Chinese hunt for higher returns
Purchases surge of policies that serve as key conduit for moving money out of mainland
Cinven’s crisis in the UK
Plus, how a little-known Utah lender became First Brands’ biggest creditor and Novo Nordisk gatecrashes Pfizer’s latest deal
City grandee Sherwood says Revolut systems are now ‘Goldman quality’
Former Goldman executive is a longtime board member of the fintech, which has struggled to win a UK banking licence
Weil lawyer invested millions in fund that owned Pegasus spyware maker
Gerhard Schmidt put his own money into private equity fund that bought NSO Group, and sat on board that oversaw NSO
Aquarian Holdings nears $4bn deal to take US insurer Brighthouse private
Mubadala Capital-backed group to become latest private capital player in life insurance sector
Federal Reserve plans to reduce banking supervision staff
Proposal highlights Trump administration’s push to deregulate financial industry
State Street withdraws US money manager from global climate group
Net Zero Asset Managers alliance drops 2050 net zero goals for signatories
Shawbrook shares jump on London debut
Specialist lender’s listing follows dearth of IPOs in recent years
Monzo still thinks it’s a tech company
For all its algorithms and apps, the UK digital lender is fundamentally a financial business
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