Icelandic bank Kaupthing is hoping to raise ÃÂ£1bn (Ã¢ÂÂ¬1.3bn) from the sale of its asset finance business as part of a major restructuring of its UK operation Singer & Friedlander, which has left some of its senior London managers with much-diminished jobs.

Kaupthing revealed its exit from the asset finance business whilst outlining the strategy for its UK investment banking arm.

Kaupthing wants ÃÂ£1bn from asset business sale

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Pay slumps at Elliott’s UK office to £787,000

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Citi veteran Selim Elgen joins JPMorgan’s private bank in Dubai

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Thomas has joined the Hong Kong office of Bobby Jain’s new hedge fund

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Carl Radford’s White Elk Partners will have six people in the Australian city by the end of 2025

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The bank is growing its card business fast, tapping its unique advantages.

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The tech company is weighing disciplinary measures for employees who occupied President Brad Smith’s office in protest of Microsoft’s relationship with the Israeli government during its war in Gaza.

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The first Black woman to serve as a Federal Reserve Board governor is at the center of an unprecedented power struggle pitting the independence of the bank against the authority of the president.

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The agreement settles claims that the lender facilitated $800 million of payments related to the looting of the Malaysian sovereign-wealth fund.

JPMorgan to Pay $330 Million Over 1MDB Transactions

European business activity continues to prove resilient into the second half of the year, surveys showed, despite the American trade tariffs that have weighed on some companies.

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The Dutch insurer and asset manager has focused on making the U.S. its primary market and a key pillar of its growth strategy in recent years.

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The president and his allies accuse Powell of dragging his feet on interest-rate cuts, in a caustic and unprecedented pressure campaign.

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Alpha School, which has locations in Texas, Florida and California, is launching in New York in September.

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The city’s exchange operator reported record profit and revenue as bullish market sentiment boosted trading.

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“Recent trade deals have alleviated, but certainly not eliminated, global uncertainty, which persists on account of the unpredictable policy environment,” Lagarde told a panel on Wednesday.

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U.S. stock futures started Wednesday lower after a tech-led selloff caused by a report saying the majority of companies investing in generative AI have yet to see returns.

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Bill Derrough’s move follows recent leadership changes at Moelis.

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The group is focused on acquiring businesses operating mainly in the U.K. online pharmacy market.

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The S&P 500 and the Nasdaq composite both hit closing highs for a second straight session.

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The vice president is the most high-profile recent American visitor to the Cotswolds, an idyll that locals say is being disrupted by too many Yanks.

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Tricks of the trade gain new importance as 401(k) accounts open up to alternative investments.

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The bank’s economists had predicted tariffs could cause inflation and slow economic growth.

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