Schroders-Nuveen Deal: Cazenove Capital's Uncertain Future
The £9.9bn acquisition of Schroders by Nuveen creates a global asset management giant, but leaves the future of its prized wealth management arm, Cazenove Capital, shrouded in uncertainty.
Category : Corporate
Apollo CEO Had No Epstein Relationship, Firm Tells Clients
Apollo Global Management has informed its clients that CEO Marc Rowan had no relationship with Jeffrey Epstein, addressing concerns as the firm faces increased regulatory and public scrutiny.
Coca-Cola Sued for Equal Employment Opportunity Violations
Coca-Cola is being sued for alleged violations of equal employment opportunity laws, with claims of discriminatory hiring and promotion practices. The lawsuit highlights ongoing corporate accountability issues in the US.
Les Wexner: Epstein Stole Millions, I Was Deceived
Victoria's Secret founder Les Wexner testified before Congress that Jeffrey Epstein stole vast sums from his family while managing finances, but denied any knowledge of Epstein's criminal activities.
Funfair Dynasty Divided: £10M Court Battle Between Father and Sons
A bitter £10 million inheritance feud erupts in a travelling funfair family, with sons suing their father over broken promises and alleged harassment at major events like Winter Wonderland.
Harrods Guard Stole £11K Clothes, 'In Trouble With Mum'
A security guard at Harrods Studio stole clothing worth over £11,000, with his defense citing family troubles and his mother's disapproval as factors in the case heard at Thames Magistrates' Court.
Harris Associates Sold Schroders Stake Before Nuveen Deal
Harris Associates, a major shareholder in Schroders, divested its entire stake in the asset manager just before the announcement of a strategic partnership with Nuveen, raising questions about market timing.
Harrods Guard Stole £11k Clothes, Blames Mum Trouble
A Harrods security guard who stole over £11,000 worth of clothing told a court he's already facing consequences from his mother, as he was jailed for nine months for the theft.
Glencore to Give $2bn to Shareholders After Profit Slump
Glencore will distribute $2 billion to shareholders despite a 6% drop in annual profits and the collapse of a $260 billion merger with Rio Tinto, focusing on copper expansion.
Lloyds Hikes Investment Bank Bonuses by 24%
Lloyds Banking Group has raised bonuses for its top investment banking staff by 24%, reflecting strong performance and competitive pressures in the sector.
Financial Firms Must Address Harassment After Epstein Files
Campaigners demand financial services firms tackle sexual harassment as Epstein documents reveal ties to major institutions, highlighting urgent workplace reforms.
Bayer's $7.25bn Roundup Settlement Proposal Announced
Bayer has agreed to a proposed $7.25 billion settlement to resolve thousands of US lawsuits alleging its Roundup weedkiller causes cancer, aiming to reduce legal uncertainty.
Goldman Sachs Drops DEI Criteria for Board Evaluations
Goldman Sachs will eliminate race, gender, and LGBTQ+ considerations from board candidate evaluations following pressure from an activist shareholder group, reflecting a broader corporate retreat from DEI initiatives.
Warner Bros Sets Deadline for Paramount's Final Offer
Warner Bros Discovery reopens talks with Paramount Skydance, allowing seven days for a superior bid to top the Netflix merger, with key assets like Harry Potter at stake.
Les Wexner's Epstein Ties Face Renewed US Scrutiny
New documents reveal deeper connections between retail billionaire Les Wexner and Jeffrey Epstein, raising fresh questions about their financial and personal dealings.
Warner Bros Reopens Paramount Talks in Bidding War
Warner Bros Discovery has resumed takeover discussions with Paramount Skydance, escalating the battle with Netflix for the Hollywood studio. Paramount's revised $31 per share offer could value WBD above $108.4 billion.
Thomas J. Watson: Farm Boy to IBM Founder Who Shaped Computing
Explore the remarkable journey of Thomas J. Watson, born in 1874, who transformed a small company into IBM, revolutionizing business technology and laying foundations for modern computing through visionary leadership.
Hamilton Lane CEO: Private Credit Fears Are Overblown
Hamilton Lane co-CEO Erik Hirsch argues that concerns about private credit sparking the next financial crisis are misguided, citing low bankruptcy rates and rising equity coverage in the industry.
Hyatt Chair's Epstein and Maxwell Links Investigated
Thomas Pritzker, chairman of Hyatt Hotels, faces renewed scrutiny over his past associations with Jeffrey Epstein and Ghislaine Maxwell, as corporate governance experts question transparency.
Santos Greenwashing Court Case Dismissed
A landmark court case accusing Santos of greenwashing has been dismissed, with the judge ruling the company's climate claims were not misleading under current law.
Private Markets Firms Meet Regulator on Data Collection
Private markets firms are scheduling meetings with the Financial Conduct Authority to discuss new data collection rules, aiming to ensure compliance and address industry concerns.
Morgan Stanley Names Hofacker European Sponsors Head in Shake-Up
Morgan Stanley has appointed Michael Hofacker as head of sponsors in Europe, part of a strategic reorganization to enhance its investment banking services across the region.
Car Tycoon Ousted in 'Coup' Over Alleged Racist Remarks
Peter Waddell, CEO of Big Motoring World, was removed in a high court dispute involving private equity and misconduct claims, including racist and sexist remarks.
Ex-Carillion Boss Fined £237,700 for Misleading Investors
The Financial Conduct Authority has fined former Carillion CEO Richard Howson £237,700 for his role in misleading investors before the company's 2018 collapse, which caused widespread disruption.
KPMG Partner Fined for AI Cheating in AI Training
A KPMG partner in Australia has been fined A$10,000 for using artificial intelligence to cheat during an internal AI training course. Over two dozen staff have been caught using AI tools to cheat on exams since July, raising concerns about AI-fuelled chea
Carlyle arranges £150m refinancing for Very Group before sale
US private equity giant Carlyle has arranged a £150 million funding package for Very Group, extending credit lines to 2029 and converting debt to equity ahead of a potential £2 billion sale of the online retailer.
CFMEU Report Claims $15bn Taxpayer Loss in Victoria
A damning report alleges the CFMEU's Victorian branch operated as a crime syndicate, costing taxpayers up to $15bn through corruption on major infrastructure projects.
Ex-Carillion CEO Fined £237,700 for Reckless Conduct
Former Carillion chief executive Richard Howson has been fined £237,700 by the Financial Conduct Authority for misleading market statements ahead of the company's 2018 collapse, which caused widespread job losses and project chaos.
Clarkson Sued Over Pub Car Park Injury
A 68-year-old woman suffered broken ribs and hand surgery after tripping on metal covers at Jeremy Clarkson's Farmer's Dog pub, leading to a legal claim for compensation.
KPMG Partner Fined for AI Cheating on Training
A KPMG Australia audit partner has been fined $10,000 for uploading training materials to an AI platform to cheat on an internal exam, highlighting widespread AI cheating issues across Big Four firms.
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