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Staveley’s lawyers home in on ‘legally risky’ fees in £1.5bn court battle with Barclays

The £346m earned in fees by the Qatari investors was more than ten times the £30m PCP pocketed for bringing Abu Dhabi into the fold, according to written submissions to the court

HSBC shakes up its European units, despite restructuring pause

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Sources at HSBC said that some headcount would be trimmed particularly in the middle and back office, as the bank merges teams in its commercial and investment banking units

Bankers fear sustained M&A slump: ‘It’s impossible without face-to-face meetings’

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Since the beginning of April, deals worth $191.7bn have been announced globally, a 68% drop on the same period last year, and the slowest start to the year since 2013

UK government sets up business councils for next stage of re-opening plan

The government selected working groups will explore how to create a green and resilient recovery for the UK

With rates so low, it’s time to rethink bonds

Instead of relying on bonds for income, investors should embrace bonds as ballast - that means settling for low yields from Treasuries and high-quality corporate and municipal bonds

Private equity could help British companies stuck with £36bn in toxic debt

The report suggests the government encourage buyout firms, insurers and pension funds to provide longer-term capital to struggling businesses in order to help them pay off debt they took on to survive past the pandemic

Private equity could help British businesses stuck with £36bn of toxic debt – report

PE firms have more than £150bn of dry powder in the UK, but unlocking this capital at this scale may not be easy, according to lobby group TheCityUK

Blackstone lowers €1.4bn bid for Dutch bank as Covid-19 threatens completion

Under the terms of the new deal, Blackstone would be required to pay €46m in damages if regulators do not approve the transaction or if it’s scrapped for other reasons

UK boutique investment bank announces a number of recruitments, including two hired from rival Numis

CFA UK moves investment management exams online

The move online will support social distancing and will become a permanent option in the future

The new CFO is joined by Smithi Sharma and Laurence Robinson, who will take up the roles of operations and assurance analyst and portfolio manager respectively

Italian debt is surging, but investors aren’t worried

Hard hit by the coronavirus, the debt could reach 159% of GDP this year, as the European Central Bank keeps yields in check

As Twitter once again leads the national debate, here is what it means for its stock

The social media platform pledged to enable 'any voice to echo around the world instantly and unfiltered', but over time, its 'unfiltered' promise has turned into a political liability

Investors’ love of tech stocks drives booming market rally

Individuals and institutional investors are snapping up tech stocks, undeterred by the worst economic slump and civil unrest in decades

Ex-LSE boss Xavier Rolet blasts shorter trading hours: ‘It’s a storm in a tea-cup’

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The boom in snazzy algorithms and off-exchange trades make the argument irrelevant, the former LSE chief executive said

After the Covid crisis, private equity faces a moment of truth

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If private equity firms cannot clearly show outperformance of the stock market soon, surely even their stoutest defenders among investors will start questioning the hefty fees they pay

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