Credit Suisse First Boston (CSFB) is leading a sale of shares in Cesky Telecom, the Czech telecommunications company, for the second time this year as it launches a Czech koruny 21.5bn (€665m) offer with Morgan Stanley.

CSFB and Morgan Stanley are joint bookrunners of the sale of a 27% Cesky stake by Telsource, a consortium owned by KPN, the Dutch telecoms firm, and Swiss rival Swisscom. In September Telsource said it would sell its stake by the end of this year.

CSFB begins second Cesky Telecom sale this year

Shanny Basar

Morgan Stanley

Cesky Telecom

JP Morgan

Deutsche Bank

Swisscom

Ares hires ex-Goldman Sachs exec to lead Italian wealth business

State Street rebrands fund business in growth push

Polar Capital CEO Gavin Rochussen departs

Senior GIC private equity lawyer joins Dechert in London

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US law firm hires private equity specialist from key client

Barclays poaches Citi managing director for wealth private credit push

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Dale Walsh will accelerate growth of the private bank and wealth management’s lending business

Northern Trust taps UN pension fund for head of international role

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Pedro Guazo, who joins in August, will also oversee the $1.3tn asset manager’s responsible investment platform globally

Financial services companies like BNY and JPMorgan say AI’s capabilities are taking more and more cues from the way humans work.

Central bankers have conceded that they underestimated the impact of interruptions to supply on prices, having been more used to focusing on demand surges as a source of inflation.

ECB’s New Strategy Emphasizes ‘Forceful’ Responses to Inflation Shifts

The S&P 500 has now added more than 8% since President Trump announced sweeping tariffs.

From Tariff Pain to Record Highs, a Wild Quarter on Wall Street

The buyback program delivers on UBS’s plans to hand money back to shareholders after the Swiss government proposed tougher capital rules for the bank earlier this month.

The firm had big ambitions for three resorts with views of the Aegean Sea. It recently sold the properties, barely breaking even.

Goldman Sachs Scraps Plans to Build Hotel Brand in Greece

Blockbuster tie-ups continued in the second quarter in industries relatively insulated from tariffs.

By Ben Glickman, Miriam Gottfried and Corrie Driebusch

Wall Street Hangs On to Hopes for a Boom in Deals

Sixth Street’s Alan Waxman thinks his publicly traded rivals are turning private credit into a commoditized, lower-returning business.

By Miriam Gottfried | Photographs by Jason Henry for WSJ 

A Pioneer in Private Credit Warns the Industry Is Ruining Its Golden Era

Carney and Trump will try to reach an agreement by July 21, a Canadian spokeswoman said.

By Vipal Monga in Toronto and Paul Vieira in Ottawa 

Canada Rescinds Digital-Services Tax to Salvage Trade Discussions With U.S.

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