Abolish ‘triple lock’ on UK pensions to prevent financial cliff-edge, says IFS
Millions of private sector workers will see sharp drop in living standards under current system, study finds
Financial Times
US banks announce big shareholder payouts as Fed eases stress tests
Wall Street titans to raise dividends and buy back shares on back of lighter oversight
Peter Thiel joins tech billionaires backing new lender to rival Silicon Valley Bank
Start-up named after the dragon’s mountain in ‘Lord of the Rings’
Santander to buy UK high street lender TSB for £2.65bn
Spanish bank beat British rival Barclays which also put in formal bid for Sabadell-owned unit
Citadel and Millennium outshone by smaller hedge fund rivals after trade war turmoil
Ken Griffin’s flagship fund was up 2.5% in first half of 2025, while Izzy Englander’s firm gained 2.2%
The risks of funding states via casinos
It is easy to imagine conditions in which money simply dries up, perhaps in response to large movements in bond yields
Peat bogs and oyster farms vie for a spot in your pension fund
Generating returns from ‘nature positive’ finance sounds good but fuzzy definitions might put off investors
Southern Water secures £1.2bn bailout from Macquarie
Deal with Australian investor will see lenders including Ares and Westbourne take significant haircuts on their debt
Taiwan’s currency jumps as life insurers rush to hedge against weak US dollar
New Taiwan dollar makes biggest single-day gain since rapid appreciation in early May
UK house prices clock biggest monthly fall in 2 years
Nationwide says surprise drop may stem from volatility caused by end of stamp duty holiday
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