Phoenix in talks to raise more than £1bn to bolster its pensions buyout business
FTSE 100 group confirms it has held discussions with potential partners over pension-risk transfer unit fundraising
Financial Times
If fraud is like cockroaches, beware the next infestation
BNP Paribas is the latest bank to take a hit from fraud, and as financial conditions shift, it will not be the last
Revenge against the banking nerds is near
With progress in AI, the showhorses may yet eclipse the more technically skilled workhorses
Citi probe did not interview women who complained about executive’s conduct
Bank stood by Andy Sieg, a potential successor to CEO Jane Fraser, after investigation by law firm Paul Weiss
JPMorgan seeks to join front rank of retail banks in Germany with Chase launch
Digital bank wants to break into intensely competitive German market as part of its European expansion
Deregulation will pour extra fuel on the private credit bonfire
The Trump administration’s looser rules could breed more ‘cockroaches’ in the lending market
Hedge fund tactics fuel Europe’s market for non-existent debt
Ardagh’s $10bn restructuring allows creditors to command big premiums for ‘when issued’ bonds
$12bn of debt: How First Brands Group collapsed
The fiasco has captured the attention of regulators, eager to learn whether the US car parts supplier was a one-off or a symptom of a more systemic malaise
Bangladesh tycoon files arbitration claim over ‘hundreds of millions’ lost
S Alam industrial conglomerate takes fight to World Bank over accusations it raided country’s banking sector
Hedge funds invoke antitrust laws in new frontier of distressed debt wars
Dispute pits Manulife’s CQS against Invesco over aggressive tactics in restructuring of ex-KKR portfolio company Selecta
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