Lloyds TSB Development Capital (LDC), the private equity arm of the UK bank, has invested £17.5m (€27.1m) in ADC, the wireless infrastructure firm, despite investor reticence about the wireless sector.

LDC's investment values ADC at £60m. ADC started off as a broadcasting company, but then moved into the wireless sector in the 1990s. It supplies and installs network infrastructure to the wireless and broadcast industries.

Lloyds TSB Development Capital invests £17.5m in wireless

Yasmine Chinwala

Motorola

Vodafone

The ETF roles paying $500k, and Woodford’s never-ending saga

Europe’s war for ETF talent pushes top salaries above $500,000

Record ETFs flows driven by ‘unstoppable momentum’ from retail investors

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

The asset class has shifted to late-stage lending as companies remain private for longer.

Venture Debt Firms Tilt Toward Mature Companies

Markets haven’t yet grappled with the implications of the president having control over the central bank.

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

JPMorgan, Already No. 1 in Card Spending, Wants Even More

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.

Microsoft Investigating Employees After Gaza Protest Locks Down Building

The insurance-and-investment company logged a higher profit in the first half of the year, beating consensus projections across its financial results.

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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.

European Business Takes Trump Tariffs in Stride

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.

Dutch Insurer Aegon Evaluates Relocation to U.S.

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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With a new tech leader taking the reins, the bank is looking to double down on high-value AI use cases and iterate quickly when things aren’t working.

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

Bill Ackman’s New Pet Project Is a School That Embraces AI and Rejects DEI

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

Hong Kong Regains IPO Crown as Exchange Operator Posts Record Earnings

“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.

Moelis Restructuring Banker Derrough Moves to Jefferies

Dominari was new to the finance game when it took office space in Trump Tower. Now it’s a key adviser on the first family’s ventures, from crypto to manufacturing.

By David Uberti | Photographs by Shuran Huang for WSJ 

How an Obscure Firm Bet on the Trumps and Became Their Go-To Dealmaker

Fears of slow sales and tight pricing are weighing on PE stocks.

Private Equity Firms’ Stocks Are Struggling, Despite Getting Into 401(k)s

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

Vulcan Two Group Seeks AIM Stock Market IPO

The bank said it also received authorization from the Bank of Italy to acquire indirect control of Banca Generali subsidiaries and indirect shareholdings in affiliates.

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S&P Global Ratings expects robust revenues from the Trump administration’s newly instituted tariff regime to help offset the expected fiscal deterioration resulting from recent legislative changes.

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The bank is preparing to move thousands of employees into its new, 2.5-million-square-foot Midtown headquarters.

NYC Offices Are Back. Nothing Shows This More Than JPMorgan’s $3 Billion Tower. 

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Corporate profits are on track for a double-digit climb, led by the tech sector.

Strong Crop of Earnings Eases Investors’ Economic Concerns

Some firm leaders have shrugged off deals as unenforceable, while at least one has taken on trade work for the administration with no fanfare.

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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.

Trump Calls on Goldman to Replace Economist Over Tariff Stance

A 23-year-old former OpenAI researcher quickly amassed more than $1.5 billion for a firm he called a “brain trust on AI.” 

Billions Flow to New Hedge Funds Focused on AI-Related Bets

Top executives at JPMorgan Chase traveled through states including Mississippi and Alabama, where the bank is expanding its reach.

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A pair of executive orders President Trump signed Thursday show how he is beginning to reshape the world of banking and finance.

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The private-equity firm’s profit rose amid what its executives called the best environment for selling assets in years.

Exits Lift Carlyle in Second Quarter as Firm Sees Better Market Conditions

A weekly call turned into a celebration of heroes as staffers comfort one another through lingering trauma.

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The president is expected to sign an executive order as soon as this week that targets what is called debanking of businesses including crypto companies.

White House Preps Order to Punish Banks That Discriminate Against Conservatives

Some fear a decline in the world-leading economic statistics underpinning U.S. markets.

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