First-time buyers spend £50k on rent

Years of high-cost renting prevents tenants saving for a deposit

HSBC shifts towards not moving

A move out of London looks less likely but comes at a cost

Exchanges warn over investor power

NYSE and Nasdaq among signatories of letter to lawmakers

Icahn secures AIG board representation

Group strikes deal with activists to avoid battle with investors

Ex-trader files Carlyle whistleblower suit

Nikhil Dhir says he warned of Enron-like situation at hedge fund

Lending Club announces share buyback

Chief seeks to reassure investors after recent slide in stock price

Eurozone stands by tougher bank rules

Dijsselbloem rejects idea new regime to blame for market volatility

Société Générale: Paris mismatch

Bank tries to woo jilted shareholders but gets slapped around the chops

UK battles Paris and Berlin on City rules

Turf war could be turning point over regulatory responsibility

US toxic security settlements hit $64bn

Morgan Stanley is the latest to settle over selling bad RMBS

Market fears are feeding on themselves

Cutting rates would damage banks’ profits and solvency

KKR bucks sector trend with profit rise

Weaker market valuations prompt ramp up in dealmaking

India central bank warns of ‘deep surgery’

Governor stresses need to repair damaged banking system

Bitcoin threatened by software schism

Developers release rival version of code behind digital currency

RBS hires JPMorgan banker to head Coutts

Appointment of Flavel comes as private bank focuses on achieving growth

Henderson and Ashmore fortunes diverge

Diversified fund manager profits as emerging market group suffers

HSBC drops plans for pay freeze

Staff protest over salary suspension prompts U-turn

Why does Sweden’s rate move matter?

Riksbank’s negative rates are part of a global trend

Help to Buy? More like Help to Cry

This is one of the most perversely named government policies ever

EU bank rules attacked amid market tumult

Nascent regime aimed at protecting taxpayers comes under fire from Italy for being destabilising

Zurich cancels capital return after loss

Swiss group suffers series of general insurance setbacks

SocGen shares tumble 13% on profit doubts

Bank sees risks from unstable markets and low rates

BNP to curb lending to US energy sector

Reserve-based lending pullback could further squeeze producers

Worldpay launches into Canada

Payments group teams up with local bank to gain domestic licence

Read between lines of Deutsche’s memos

There are several giveaways in CEO John Cryan’s memo to staff

Puerto Rico creditors make counter offer

Investors seek to avoid haircut while providing debt relief to the island

The dubious allure of cocos for banks

Hybrid securities have the upside of bonds and downside of equity

MetLife’s Sifi designation challenged

Judge says government assumed ‘worst of the worst of the worst’

Flood Re sets out plan for its own demise

Government body’s mandate intended to last until 2036

Natixis buys 51% stake in Peter J Solomon

French bank looks to tap into US M&A boom

‘Mrs Watanabe’ burnt by Japan Post Bank

New investors suffer as negative rates shatter business model

P2P industry hits back at Turner’s warning

Former regulator accused of conflict of interest

Bridgewater is troubled over transparency

Dalio’s method of running his hedge fund seems weird

US redoubles efforts on foreign bribery

DoJ tries carrot and stick to find evidence on executives

Cut up your credit card

The wealthier you are, the more trouble you can get into

Vonovia’s €14bn Deutsche Wohnen bid fails

German landlord unable to win support of rival’s shareholders

HSBC sued over Mexico drug cartel murders

Families of victims claim bank facilitated terrorist incidents

Ricci joins currency exchange as chairman

Former Barclays executive latest banker to turn to fintech

Carlyle starts $200m share buyback

US private equity group buys back its stock as asset sales slow

Lloyd’s of London fears Brexit damage

Leaving the EU ‘not a route to regulatory nirvana’

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