The Bank of England is drawing up plans to recapitalize failing banks through the industry’s deposit protection program under reforms designed to address shortcomings exposed by the collapse of Silicon Valley Bank earlier this year.
One in two financial professionals said they would change jobs if asked to come into the office more often.
ESG strategies have contributed to a serious decline in energy investments by focusing too much on divestment from fossil fuels and not enough on investment in renewable power sources, according to a senior researcher at Goldman Sachs Group Inc.
Ares Management Corp.’s latest European direct lending fund has raised $8.7 billion so far, according to an SEC filing, as the alternative asset manager seeks to build the largest investment vehicle of its kind in the face of a global slowdown in fundraising.
Prime Minister Rishi Sunak said his government is making progress on cutting the number of people coming to the UK from France on small boats, though he struggled to fend off questions about whether adverse weather is the main reason behind the year-on-year decline this year.
Morgan Stanley strategists anticipate a sudden pullback in corporate earnings will slam the brakes on a US equity rally, a call at odds with Wall Street estimates.
BlackRock Inc. and other large money managers are dipping back into the UK’s battered debt market, lured by one of the highest yields in the developed world.
Philippine President Ferdinand Marcos Jr. has appointed two new Cabinet members to head the defense and health departments, his communications office said Monday.
Funds will go to hiring, training and supporting crisis line counselors
Singapore will host its last horse race next year as the government reclaims land for urban development, bringing an end to a sports club that traces its history back to 1842.
