Fortis said its private banking unit recorded net profit of €71m in the first half of 2008, 48% lower than a year ago as the cost of integrating ABN Amro’s private client business continues to be high for the Dutch-Belgian financial group.

The bank managed to grow net new money by €1.8bn in the first half of the year, down from €2.8bn in the same period of 2007 and €7bn in 2006.

Press Briefing

London Stock Exchange fires US employee after video of ‘racist’ altercation

‘I was considered the most junior person in the room’: Senior disabled finance workers on promotion battles and prejudiced attitudes

JPMorgan boss Jamie Dimon to meet chancellor Rachel Reeves ahead of Labour government’s first Budget

Trading Places: Goldman’s ECM shake-up, Latham’s latest raid

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

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

Sidley Austin raids Latham & Watkins for 10-lawyer team in London

https://images.fnlondon.com/im-38645354?size=1.5

CDPQ hires Sharon White to lead push in Europe

https://images.penews.com/im-05261766?size=1.5

Former chair of the John Lewis Partnership is joining the Canadian pension fund giant early next year

One of the top investors in Adani Group launched an on-market share buyback to protect its share price against the contagion from a U.S. investigation into the Indian conglomerate.

GQG Launches Buyback After Stock Tumbles on Adani Probe

The president-elect floated the idea during a Wednesday meeting with the former Fed governor.

By Brian Schwartz, Vivian Salama and Andrew Restuccia

Trump Considers Warsh Serving as Treasury Secretary—and Then Fed Chair

The U.S. auditing watchdog voted to require certain audit firms to disclose eight new metrics ranging from auditor turnover to partner involvement and restatement history.

Large Accounting Firms Will Have to Submit Financial Statements to U.S. Regulator

The AI titan will maintain its strong lead, but complicated product rollouts, sky-high expectations and the China threat add complications to growth potential.

Nvidia Is on Top but Does It Have Anywhere to Go but Down?

Research group GfK’s measure of consumer confidence climbed to minus 18 in November’s survey from minus 21 in October.

U.K. Consumers Cheerier Ahead of Holidays as Budget, U.S. Election Jitters Fade

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