Lancashire founder decides to quit

Richard Brindle says ‘the time is right’ for him to leave

Ken Moelis defends dual-class structure

Veteran banker wanted to block potential threat from activists

NextEnergy ties up £86m solar funding

Solar energy group targets £750m funding within three years

Face of Irish crisis cleared of loan fraud

Jury finds banker not guilty on all 10 counts of making illegal loans

Corporate knights less likely to cut jobs

Fear of drawing the ire of politicians and the public a factor

American Funds warns on ‘Heartbleed’ bug

Large mutual fund provider says customers potentially at risk

L&G pays £12.5m to four senior staff

L&G quartet nets £12.5m as long-term bonus plan pays out

Overheated property leaves China in a fix

Forests of new but empty apartments critical to economy’s health

Bank of America: in reserve

Painful reminder of lingering legal woes

Worst start for hedge funds since crisis

Performance hit by Ukraine, tech stock slump and yen reversal

Gunvor well placed to weather political storm

Company denies that Vladimir Putin has ever held a stake

Time is not on Renzi’s side for reforms

International investors give Italy three months to back up revamps

Citic eyes the mantle of largest in China

Elior plans €700m flotation

Private equity backer Charterhouse eyes €4bn valuation

Moelis bounces from reduced issue price

Boutique bank shares rise on debut after cut in size and issue price

The financial tide cannot be held back

We must address excessive bank leverage, or face another storm

Credit Suisse: algo-ing to plan?

Swiss bank needs to do more to restructure its investment bank

Barclays reaches deal on Somalia services

Citic Pacific: one-stop China shop

State-owned conglomerate turns ailing offshoot into big financial group

UK’s life expectancy wealth gap shrinks

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