Kirkland & Ellis to stop disclosing financial performance
World’s highest-grossing law firm with $10.6bn in 2025 revenue volunteered data for leading industry profit ranking
Financial Times
London hedge fund Arini falls 16% on soured credit bets
Flagship strategy raised $1.5bn in recent weeks after suffering three consecutive months of losses
Chrysler Building taken over as New York luxury office market booms
New owners to pay $235mn and plan an upgrade for the landmark suffering from low occupancy and disrepair
Ex-Barclays traders’ rate-rigging convictions quashed
Court of Appeal ruling comes after Tom Hayes’s guilty verdict was overturned last year
Volkswagen sets aside £725mn for car finance mis-selling scandal
Figure is biggest yet for a car manufacturer and raises total hit to automotive industry to more than £1.5bn
AI agents could cost banks $500bn — by winning savers better rates
But banks will gain from AI as well as lose
Private equity’s future after the boom and bust
The mood in the $22tn private capital industry was captured on Tuesday at the FT’s Private Capital Summit
Bank mergers arrive in Europe with a whimper rather than a bang
More banking consolidation requires things that don’t yet exist, such as harmonised regulation and acquiescent local politicians
Blue Owl to launch ‘big push’ into insurance
Group at centre of recent private credit turmoil says it is ‘not managing enough capital’
HSBC plans sweeping job cuts across UK wealth business in AI push
Bank is consulting with staff on reductions in roles affecting managers, specialists and financial advisers
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