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UK university pension deficit doubles to £6.6bn

New figures are likely to fuel a running dispute over academics’ pensions, with strike action possible this autumn

Hargreaves sells out of Burford Capital after short attack

Funds supermarket says Muddy Waters has not proved its case, but its accusations will ‘keep the stock under a cloud’

How to speed up the slow greening of finance

The financial services industry is redirecting huge flows of money from fossil fuels to low-carbon technology

Calstrs committed $5.5bn to private equity funds in first half

The pension fund’s first-half commitments include more than $1.5bn spread across three Blackstone Group funds

The two investment banks with unhappier staff than Deutsche

BNP Paribas and SocGen are in the midst of deep cost-cutting programmes focused on their trading divisions

Mohamed El-Erian on his move from high-finance to academia

The investing legend on becoming president of Queens’ College, Cambridge and the virtues of just moving on

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