https://assets.fnlondon.com/2012/12/4071552967.jpg

This week's front cover of Financial News

2012: The year the financial industry faced up to reality. Spend five minutes studying this picture and see if you can spot the hidden words, then click through the gallery for the answers.

Reporter

This week’s issue of Financial News analyses the most significant themes and events of 2012. We’ve hidden key words in the picture on the cover. Can you spot them?

https://assets.fnlondon.com/2012/12/4071552971.jpg

https://assets.fnlondon.com/2012/12/4071552975.jpg

https://assets.fnlondon.com/2012/12/4071552979.jpg

https://assets.fnlondon.com/2012/12/4071552983.jpg

https://assets.fnlondon.com/2012/12/4071552987.jpg

https://assets.fnlondon.com/2012/12/4071552991.jpg

https://assets.fnlondon.com/2012/12/4071552995.jpg

https://assets.fnlondon.com/2012/12/4071552999.jpg

https://assets.fnlondon.com/2012/12/4071553003.jpg

Anna Irrera

Meet the leaders shaping the booming private equity secondaries sector

BlackRock to cut jobs following year of M&A deals

Wanted: Rising Stars of European Finance 2025

Trading Places: BNP’s new COO, Clifford Chance poaches from KKR

https://images.fnlondon.com/im-329118?size=1.5

Find out who is on the move in the City and beyond this week

Clifford Chance hires KKR director in London private equity drive

https://images.fnlondon.com/im-81781958?size=1.5

Magic Circle firm boosts London private equity offering

Proskauer Rose hires Hogan Lovells private equity partner in London

https://images.fnlondon.com/im-06153452?size=1.5

The London-based bank said it is cooperating with the investigation.

Barclays Faces Probe From U.K. Regulator Over Money-Laundering Controls

Moscow has suggested that Washington has been responsible for prolonging the war and that it alone can agree with Russia on ending it.

By Matthew Luxmoore | Photographs by Serhii Korovayny for WSJ 

Putin Gets What He Has Long Wanted: Direct Talks With U.S.

The move ends months of speculation over how the company would move ahead with its plans to separate the business.

Unilever Picks Amsterdam Over London for Ice Cream Unit’s Primary Listing 

The regulator plans to speed up its decision-making on large deals amid concern its probes could be having a chilling effect on investment.

U.K. Competition Watchdog Targets Faster M&A Reviews

Tariff fears have roiled gold markets, pushing JPMorgan and others to stash bullion on passenger planes to sell at record prices.

Why Dealers Are Flying Gold Bars by Plane From London to New York

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