Activist fund projects payments company’s shares will rise 40% within 18 months

Claims to be paid by Motor Insurers’ Bureau rather than single company

Money will be returned to investors at the end of the year

Wall St executives say London losing edge against New York after Trump deregulation drive

Swiss private bank’s shares drop 4% as warning offsets rise in first-half earnings

Liquid alternative to hedge funds lose popularity amid poor returns

Deal with simulation firm gives UK lender advanced modelling skills

Manhattan company to target France, Germany, Italy and Switzerland

Thai real estate company plans to expand Tyler Brûlé brand into luxury residences

Australian asset manager AMP Capital has hired Malcolm Brown as senior principal

Online banking rivals thrive as Beijing guides flows to small companies and households

Barnier dismisses white paper’s ‘enhanced equivalence’ and says EU needs autonomy

Sports stadiums taken over to process complaints as customers rush to withdraw cash

Los Angeles-based Ares seeks to capitalise on gap left by banks after financial crisis

Protectionism threatens demand for loans particularly in export-dependent sectors

Lyxor, Vanguard and BlackRock take on territory ruled by DWS, Union and Allianz

Data-driven funds that systematically exploit human weaknesses are disrupting traditional asset management

Vehicle with focus on frontier markets has seeding from Swedish AP1 pension system

Property no longer expected to buoy significant demand for commodities and labour