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SJP in the doghouse over performance again despite fund range overhaul

Wealth Management

Wealth Management Correspondent

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St James’s Place is in the doghouse again for having £15bn in underperforming funds, despite a drastic overhaul to its product range.

The Cirencester-headquartered wealth manager was singled out in online investment platform Bestinvest’s Spot the Dog report for having the biggest laggards in the UK.

Wealth manager’s funds shamed in Bestinvest report

Kristen McGachey

Investing

Monzo battles increasingly competitive digital banking market amid COO’s exit 

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Why hedge funds are paying $25,000 a month to interns: ‘They aren’t just doing coffee runs’ 

Brooks Macdonald poaches from Vanguard and GAM for top team

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Neil Cowell and Debbie Dalzell to join new-look leadership group

A private equity firm says its co-founder has left. The co-founder disagrees.

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Stanley Capital’s Companies House account shows a termination of appointment of Cottle as a member

Skadden’s European head of secondaries exits for Proskauer Rose 

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US law firm’s European secondaries head departs after a year

Risk-averse leadership is holding back Europe’s largest economy, say historians and economists.

Why Germany’s Confidence Is Shattered and Its Economy Is Kaput

In an interview with The Wall Street Journal, Brian Niccol outlines strategies to improve ordering, fix cafe vibes and boost the coffee chain’s business.

Smaller Menus, Better Vibes: How Starbucks’s CEO Is Shaking Up the Brand

Consumers were slightly less gloomy this month about expectations for their personal finances, although the outlook for the economy continued to be a source of pessimism.

U.K. Consumers Feel Small Boost From BOE Rate Cut, Survey Suggests

Turmoil at the agency could harm not only consumers but also small state-chartered banks, as their bigger rivals gain advantage from lax CFPB supervision, 23 state attorneys general say in court filing.

Funding Cuts at CFPB Seen Leading to ‘Regulatory Vacuum’ for Big Banks

Comment came after Zelensky said Trump was repeating Russia disinformation.

By James Marson, Jane Lytvynenko and Meridith McGraw

Trump Calls Zelensky Dictator in Escalating Row Over Ukraine Peace Talks

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