FSB Warns Private Credit AI Boom Could Lead to Losses
The Financial Stability Board warns that private credit's role in AI could backfire, with sharp corrections causing sizeable losses. Tech, healthcare, and services are top borrowers.
Category : Corporate
Coyote Swims 2 Miles to Alcatraz Island
A coyote swam 2 miles from Angel Island to Alcatraz, farther than biologists initially estimated. The resilient animal impressed experts with its long journey through rough waters.
FCA Probes Mastercard, Visa, PayPal Over Conduct
The FCA is investigating Mastercard, Visa, and PayPal for alleged anti-competitive practices related to PayPal's digital wallet, citing potential breaches of competition law.
Law Firms Step Up Private Equity Arms Race
Top law firms are aggressively hiring private equity partners to capture lucrative deal work, intensifying competition for talent in London's legal market.
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Bank of America Hires Goldman's Gemma for Italy Dealmaking
Bank of America has appointed Gemma from Goldman Sachs to head its Italy dealmaking operations, strengthening its investment banking team in the region.
Morgan Stanley Names New France M&A Heads
Morgan Stanley has appointed new heads for its France M&A business following the departure of a key banker to Goldman Sachs, aiming to strengthen its dealmaking team in Paris.
Fermi Rejects Ousted CEO's Board Bid
Fermi has rebuffed a bid from its former chief executive Toby Neugebauer to regain control of the board, accusing him of trying to sell the company far below its intrinsic value.
Stormzy Backs Padel Social Club with £5.5m Funding
Stormzy doubles down on his investment in Padel Social Club as part of a £5.5m fundraising round to open three new London sites with 17 courts.
CCLA Distribution Head Jasper Berens Leaves After Jupiter Deal
Jasper Berens, head of distribution at CCLA, has left the firm following its acquisition by Jupiter Asset Management. The departure marks a key change in leadership.
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Private Equity Isn't for 'Scruffy Hooligans' Anymore
Weil's Marco Compagnoni discusses how private equity has evolved from boardroom battles to a sophisticated industry, emphasizing professionalism and long-term value creation.
Australia Nears Security Pact with Fiji Amid China Pushback
Australia is close to signing a landmark security and economic agreement with Fiji as Foreign Minister Penny Wong visits Suva, while a separate pact with Vanuatu faces delays due to Chinese influence.
Vodafone to Buy Full Control of UK Mobile Operator in £4.3bn Deal
Vodafone agrees to buy CK Hutchison's 49% stake in VodafoneThree for £4.3bn, gaining full control of the UK's largest mobile network with 27 million subscribers.
HSBC Profits Fall 4% on $1.3bn Hit from Iran War and Fraud
HSBC reports a 4% profit drop in Q1 2025, hit by a $1.3bn charge including $300m for the Iran conflict and $400m fraud-related exposure in private credit.
Alvarez & Marsal Poaches FTI Execs to Challenge Big Four
Alvarez & Marsal hires senior director Tom Hufton from FTI, joining managing director Rob Mindell, to lead a new reputation advisory practice targeting high-stakes restructuring and litigation mandates.
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Champions Speakers Wins SME of the Year at British Business Awards
Champions Speakers named SME of the Year at British Business Awards, presented by George Clooney in Edinburgh. The agency celebrated over 20 years of growth.
Channel 4 puts HQ up for sale, London footprint shrinks
Channel 4 has listed its Horseferry Road headquarters for sale, part of a cost-cutting strategy under new CEO Priya Dogra. The broadcaster plans a smaller London base.
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CAMSO Construction Enters UK and Ireland Markets
CAMSO Construction announces entry into UK and Ireland markets, marking second phase of European expansion with new warehousing and tailored products.
Sana Commerce Appoints Brian Plackis Cheng as CEO
Sana Commerce appoints Brian Plackis Cheng as CEO to lead AI-powered connected commerce expansion, helping manufacturers navigate complex supply chains.
HSBC Corporate Unit Profit Down 12% on Trading Drop
HSBC's corporate and institutional banking division saw pre-tax profit fall 12% in Q1, driven by a decline in trading revenue amid market volatility and lower client activity.
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Alarming lack of private credit understanding in UK finance
KPMG finds only 14% of financial services leaders fully understand their private credit exposure, with 75% calling it a risk to UK stability.
Challenger Banks Loan Growth Halved in 2025
Challenger banks reach an inflection point as loan growth halves to 4.5% in 2025, while deposit growth slows and cost efficiencies improve, according to EY report.
Cleary Gottlieb Resists Big Law Salary Frenzy
Cleary Gottlieb pushes back against the Big Law pay frenzy, opting for a strategic compensation model that prioritizes long-term stability over short-term salary hikes.
Gordon Ramsay to Rival Brooklyn Beckham with Hot Sauce
Gordon Ramsay reportedly trademarks 'Hotter Than Hell' hot sauce, potentially competing with Brooklyn Beckham's Cloud23 brand amid ongoing family feud.
RWS Acquires AI Platform Obviously for £40m
RWS Holdings agrees to buy UK AI company Obviously for £40m, aiming to become a technology-first business and expand IP management offerings.
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GameStop Offers $55.5B for eBay, Warns of Hostile Bid
GameStop has made a $55.5 billion unsolicited takeover offer for eBay, with CEO Ryan Cohen warning the bid could turn hostile if rejected. Cohen claims he can transform eBay into a competitor to Amazon.
Blackstone, Saudi Fund Get £4m from Morrisons Stores
Blackstone and Saudi sovereign wealth fund earned £4m in dividends from four Morrisons stores bought in a 2023 sale and leaseback deal, with rents rising 11.2%.
GameStop Offers $55.5B to Buy eBay to Rival Amazon
GameStop has made an unsolicited $55.5 billion offer to buy eBay, aiming to compete with Amazon. The deal would use cash, debt, and cost cuts, but raises concerns about debt and job losses.
Gamestop Bids $56bn for Ebay to Challenge Amazon
Gamestop has made an unsolicited $56bn bid for Ebay at $125 per share, aiming to create a stronger competitor to Amazon. CEO Ryan Cohen offers to work without salary and cut $2bn in costs.
Jain Global's Millennium Deal Ends Challengers
Jain Global's acquisition of Millennium marks a turning point, signaling the decline of smaller challenger firms in the financial sector.
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Exxon, Chevron Q1 Profits Drop Despite High Oil Prices
Exxon Mobil and Chevron reported Q1 profit drops of 46% and 37% despite soaring oil prices, due to Middle East supply disruptions and timing effects.
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