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Asset management industry beset by oversupply

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There are still too many funds – so why has there been no action from asset management CEOs?

The CEO of Banco Biscuitto is having trouble with his holiday luggage. Can you help his housekeeper finish the packing?

Deutsche Börse wins shareholder backing for LSE merger

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German exchange group says holders of more than 60% of its non-treasury shares have so far accepted the exchange offer that expires tonight

Euroclear-DTCC joint venture eyes Asia after signing up Northern Trust

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Tie-up between post-trade giants attracts another big fund administrator to its settlement and tracking service

Abraaj hits final close on debut Turkey fund despite unrest

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The close comes a matter of weeks after a failed military coup brought fresh instability to the country

Exchange-traded funds buy up gold to balance demand

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Political and economic uncertainties likely to continue buoying the price of the precious metal

New UniCredit chief instigates top-level overhaul

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Changes come a fortnight after former corporate and investment banking chief took over as group head

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One of London’s best-known fintech startups has hired a former managing director at betting firm William Hill Online as its president.

Man Group's assets slide despite $1bn inflows

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Chief executive Manny Roman delivers last set of results at the $76 billion hedge fund manager ahead of a move to run Pimco

SABMiller adds 'bailout banker' to bevy of star advisers

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Former head of UK Financial Investments joins the roster of City heavyweights advising on mega-deal

KKR’s economic net income tops expectations

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Post-Brexit equity market disturbances kept lid on private equity firm's asset appreciation

Julius Baer assets lifted by Brexit trading boost

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Swiss private bank Julius Baer Group said it increased assets it manages for clients in the first half of this year, as it bulked up on staff and its overall results were bolstered by the UK’s vote to leave the European Union.

Twitter backer brings VC firm to London in post-Brexit boost

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Venture capital firm DST Global is planning to open its first European outpost – a fillip for London's tech scene

MPs urge Treasury to review splitting up the FCA

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Recommendation is part of Treasury Select Committee review into the regulatory response to 2009 HBOS collapse

JP Morgan wealth management executive Di Iorio to retire

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JP Morgan’s head of its global wealth management business, which includes the private bank and JP Morgan Securities, is slated to retire at year end, according to people familiar with the matter.

Fed readies action against Goldman in theft of secrets

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Central bank is expected to seek ban of former executive Joseph Jiampietro from banking industry

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