A story published by Financial News Online on November 7 incorrectly overstated the size of a regulatory fine imposed on BNP Paribas and SociÃÂ©tÃÂ© GÃÂ©nÃÂ©rale as a proportion of their combined third quarter profits.

They were actually fined €500,000 ($645,648) each.

BNP Paribas

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

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

EU’s response to Trump trade war could add to UK’s Brexit damage

Northern Trust taps UN pension fund for head of international role

https://images.fnlondon.com/im-84247389?size=0.8

Pedro Guazo, who joins in August, will also oversee the $1.3tn asset manager’s responsible investment platform globally

Ex-EY managing partner Andy Baldwin joins IBM Consulting

https://images.fnlondon.com/im-44745761?size=1.5

Baldwin left EY after losing out on the CEO role last year

Fiera Capital managing partner Catherine O’Reilly exits

https://images.fnlondon.com/im-12269829?size=1.5

The former Goldman Sachs  and TCI Fund Management employee has also stepped down from her board role at UK trade body the Investment Association

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 prices rose as investors closely monitored the stability of the Israel-Iran cease-fire and as traders focused on negotiations between the U.S. and Iran.

Oil Rises as Traders Monitor Cease-Fire, But Weekly Losses Top 10% 

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

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

Oil Rises as Traders Monitor Cease-Fire, But Weekly Losses Top 10%

The Great Scottish Tea Swindle

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

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