Zurich boss hits out at private capital giants’ European insurance drive
Mario Greco says asset-gathering philosophy of groups such as Apollo and KKR will meet resistance
Financial Times
Reeves explores reform of capital gains tax on expensive houses
UK Treasury considers overhaul of property levies as ministers confront hole in public finances of at least £20bn
US drops probe of gun-sales payment company backed by Trump’s son
CFPB suggests Biden-era investigation into Credova Financial was politically motivated
Chamath’s new letter to Spac investors
What ‘American Exceptionalism’ looks like in 2025
N26 co-founder leaves joint CEO role after investor tensions
Valentin Stalf to join supervisory board of Germany’s highest-valued fintech ahead of investor deal
Can Soho House regain its allure?
Plus, Apollo’s finger-pointing game and London’s bankers get creative
BHP demands answers over hedge fund’s role in law firm behind £36bn claim
Mining company says backer of Brazil dam class action suit appears to be controlling the claimant law firm
Opendoor’s next chief has a fixer-upper on their hands
CEO exits US house-flipping company that has been trying to reinvent itself
Hedge fund Man Group sparks backlash over non-compete agreements
Move to tighten contracts comes as company battles to retain talent and combat a falling share price
Development finance could fill the gaps left by cuts in aid programmes
DFIs can provide an essential source of financing for businesses shut out by private capital in their home countries
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