KKR reaps benefits of market volatility

Private equity group reports smaller than expected fall in profit

Janus Capital warns of higher pay costs

Bill Gross’s arrival called a ‘game changer’

HSBC employees in NY allege retaliation

Plaintiffs claim they suffered after reporting harassment of colleague

All eyes on the ECB as stress tests loom

Sunday will reveal health reports on 130 eurozone banks

Credit Suisse cuts investment bank again

Aim is to cut leverage exposure by a further SFr70bn

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Tesco Bank customer numbers grow 14%

Success in banking arm comes amid turmoil at wider group

UK watchdog challenges EU bank pay clamp

Bailey says this year’s awards likely to be paid despite EBA move

US distressed debt investors target HSH

Nordbank to restructure its debt after concerns are raised

Eclectica hedge fund bleeding assets

Investors pull out of Hendry fund despite relatively robust performance

BGC in hostile $675m bid for rival GFI

Interdealer broker acts after ‘delays’ in striking negotiated deal

Copycat managers cannot beat the market

Findings raise questions over investment skill

Marginal gains in fund management

Stockpickers are turning to cycling and behavioural economics

Payoff pokes fun at financial world

Peer-to-peer start-up aims to disrupt the lending market

El-Erian backs peer-to-peer lender Payoff

Former Pimco chief executive leads $12m equity finance round

BNY Mellon in Asia wealth management push

HK unit joins US banks seeking to expand investment services

Head of Mexico’s stock exchange quits

Luis Téllez to ‘dedicate himself to new projects’

China bank funds buy stake in Mediobanca

Italy a focal point of Beijing’s €5bn Europe investment push

US risk-retention rule given US approval

Measure aims to curb behaviour by lenders that helped fuel crisis

US regulator accuses Ocwen of backdating

Alleged lapse in process caused borrowers ‘significant harm’

Crowdfunding merits its hype

Variety and ingenuity of schemes seeking backing is inspirational


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