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Also in today’s newsletter: Should we trust AI to run Europe’s power grid?
Plus, UBS wades through Credit Suisse litigation and companies face higher borrowing costs
German billionaire in line for massive payday after consolidating control over European tech investment group
Two multimillion dollar payouts underline legal risks to banks over affiliation with criminals
SSGA is exploring digital distribution of exchange traded funds
‘Green’ funds’ performance has suffered, but clearer labelling should help consumers
Resolution Foundation says managers need to be put under more pressure to invest for the long term
Hedge fund is under pressure to meet investor withdrawal requests as it reels from sexual assault allegations against its founder
Regulators, across agencies, are going to have temper their reflex to squelch consolidation
DBS, OCBC, Citibank and Swiss Life punished for inadequate controls
Supreme Court judge insists ‘no obligation’ to recuse himself from cases involving conservative hedge fund manager
Rental price growth is highest in London as prospective homebuyers are put off by soaring borrowing costs
£1.2bn raised in April and May alone
More Americans are falling behind on their car payments and near-prime borrowers are the worst hit
Company’s chief cautions that clarity is needed for home sales to rebound
Female clients tend to think differently about money
Rich clients rush to profit from giveaway but must consider wider picture
Bank seeks payout after acquisition that CEO Jamie Dimon calls ‘huge mistake’
Plus, Alibaba names its newest leader and EU antitrust cops set their sights on Adobe’s $20bn takeover of Figma
Japanese conglomerate is client of Swiss bank which recently took over its rival
The wall of money means the defensive fund has become the largest active ETF
Many immigrant-origin people are missing the benefits of portfolio diversification
Regulatory reforms, increased levels of equity and fixed deals should protect many homeowners
Sexual assault claims against the financier have put the firm’s ties under the spotlight
Payroll group cashes in on SVB collapse
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