In announcing its first half 2008 results, Julius Baer said it would scrap the position of group chief executive as a result of the creation of standalone managed companies – Bank Julius Baer, GAM and Artio Global – within the group.

The current chief executive Johannes de Gier will leave his position in September and become executive chairman of GAM.

Julius Baer scraps chief executive position, reports first half results

David Bain

Julius Baer

Why UBS needs to beat Barclays to become a top investment bank

BlackRock’s drive into private assets should worry smaller rivals — again

Schroders’ new team must deliver or pressure for break-up will grow

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

Kevin Warsh, Kevin Hassett and Scott Bessent are among those under consideration as Trump evaluates their commitment to cutting rates—and “made-for-TV” appeal.

Trump Considers Naming Next Fed Chair Early in Bid to Undermine Powell

Jeff Bezos and his space company have talked to President Trump in recent weeks.

By Josh Dawsey, Dana Mattioli and Micah Maidenberg

Bezos and Blue Origin Try to Capitalize on Trump-Musk Split 

Tesla’s sales in the European Union logged another steep decline in May, continuing a downward trend for Elon Musk’s electric-vehicle maker even as the bloc’s EV market shows signs of growth.

Tesla’s EU Sales Slumped in May Despite EV Market Growth

Oil futures recovered some ground amid short-covering after three days of declines, supported by lingering Middle East risk perception and bullish inventory data in the U.S.

How a band of brew-swilling detectives brought down Scotland’s ‘Mr. Tea’

On-and-off trade battles, hot wars and deportations make it tough to predict where the U.S. economy is headed.

U.S. Attack on Iran Injects Uncertainty Into Already Uncertain Economy

Texas and Oklahoma have banned some banks from state contracts, saying they discriminate against the gun and fossil-fuel industries.

By Alexander Saeedy, AnnaMaria Andriotis and Dylan Tokar

 Big Banks, Worried About Being Trump’s Next Target, Race to Appease Republicans

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Financial News

Trump Considers Naming Next Fed Chair Early in Bid to Undermine Powell

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Tesla’s EU Sales Slumped in May Despite EV Market Growth

Oil Futures Pick Up on Short-Covering

The Great Scottish Tea Swindle