New York appeals court overturns $500mn penalty in Trump fraud case
Ruling marks a victory for the president in one of his remaining legal headaches after return to the White House
Financial Times
Italian power-broking will outlive Mediobanca’s demise
Few will mourn the bank’s passing, but its wheeling and dealing tradition is likely to be around for some time
A&O Shearman partners take home £2mn in first year post merger
Pay figure puts firm behind ‘magic circle’ rivals Clifford Chance and Linklaters
WHSmith shares tumble 42% after North America accounting error
Retailer calls in Deloitte and slashes forecast after ‘overstatement’ of profits
Mediobanca shareholders reject €6.3bn Banca Generali deal
Milanese lender says 10% of investors opposed proposal and 32% abstained in hastily convened vote
Canary Wharf Group’s offices add £10mn in value over first half
Docklands financial estate shows signs of recovery after years-long decline
BlackRock advises investors to put more money into hedge funds
Move is biggest allocation increase to sector ever recommended by asset manager’s institute
It’s not a default if you never ask for cash — right?
Just asking for a private credit fund friend
Kirkland’s new distressed debt king
Plus, Abu Dhabi’s finance hopes and the insurance boss casting doubt on private capital’s European ambition
Securitisation as the baddie? Europe can flip that script
European Commission proposals include clear improvements such as new punishments on investors who fall short
Pages
