Pru’s Thiam gets 36% pay rise to £11.9m

Award comes after UK insurer enjoyed a strong year

DPI closes Africa fund at $725m

Decade of high growth and record of returns attracts investors

Shipping graphic

Shipping anchors itself in capital markets

Era of low interest rates boosts sector but sparks supply worry

CBRE buys JCI real estate arm for $1.5bn

Car industry supplier sells unit to focus on office equipment

China to launch deposit insurance in May

Doubts remain that government would allow bank failure

Business pioneers in finance

History shows there is nothing like a crisis to focus financiers’ minds

China bank chairman extols pay cut

Measures show tension between market reform and populist pressure

Macquarie to halve Asia banking jobs

Australian bank the latest to pare back operations in region

Silk road investigators charged with wire fraud

Stolen bitcoins traced to US agents

Northerners lose out on mortgage options

Non-standard borrowers far more likely to be ‘prisoners’ of loan

Swiss bank BSI pays $211m in US tax probe

Financial group enters into non-prosecution agreement with DoJ

Merger season looms for Italy’s popolari

Deals are in the pipeline as economy moves to growth

Labour unlikely to win FTSE 100 votes

Business manifesto launch will not excite UK’s business leaders

Quindell sale marks ‘break with the past’

Australian law firm to buy professional services division for initial £637m

Shawbrook narrows pricing before float

The IPO comes soon after rival Aldermore listed in early March

Dealmakers have fastest start since 2007

Heinz-Kraft leads trend for large US-based acquisitions

Big leveraged buyouts hit 6-year low

Volume of private equity takeovers is half level a year ago

Tilton charged with misleading investors

SEC claims Patriarch collected $200m in fees it had not earned

Head of RBS’s investment bank resigns

Cullinan attracted attention after ‘boring meeting’ messages

Technology will free us from bad banking

A ‘national grid’ would end the big banks’ control of infrastructure

Five-year itch in shipping and PE marriage

Investors all at sea after pouring cash into industry with plenty of vessels but too few orders

Beijing urged to halt cyber security move

US fears missing out on lucrative financial services market

Fernández holds out for debt fight win

Argentina’s waiting game with creditors carries a heavy price

McCarthy & Stone profits rise

Specialist housebuilder caters to older homebuyers

US banks target Warren’s ‘rogue’ watchdog

Republicans attempt to rein in a consumer protection agency

Is asset management a systemic risk?

Effective regulatory crackdown may come too late

BoE to stress test banks in global crisis

Scenario includes collapse in Chinese growth, eurozone recession and EM liquidity crunch

Manchester builds on UK property revival

Lenders fund office block that completes £1.6bn estate

Slater & Gordon acquires Quindell unit

British claims processor aims to return £500m

Bridgepoint rides wave with €4bn fund

European buyout firm takes less than year to hit cap

City jobs lost in spite of upbeat outlook

Banks respond to pressure on profits and need to streamline operations

Lex in-depth: Universal banks

One-stop banks always have an excuse for lacklustre performance, but it is time for them to make bold changes

European payouts rise by more than 10%

Banks lead the way as dividends from Eurofirst 300 companies hit €187bn

Bank reform nears end, says Basel head

Committee plans to clarify final rules within the next year

London faces steep rise in business rates

Businesses outside the capital set to gain from revaluation

UAE looks east in finance centre drive

Abu Dhabi shuns ‘dead Swiss model’ in push to become wealth hub

Thor Bjorgolfsson: back from the brink

Icelander who played a lead role in his country’s boom and bust

Wall Street banks recover trading revenue

Diverging monetary policies secure first year-on-year rise in fixed-income trading since 2009

Activist fund targets Kyocera and Canon

Oasis helped prod Nintendo out of consoles-only strategy

BNY Mellon directors quizzed on CEO hunt

Bank denies it is conducting a search to replace Gerald Hassell


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