Consolidation in private equity is rife right now, with deals this month including CVC’s purchase of a majority stake in Dutch infrastructure investor DIF Capital Partners, and Bridgepoint’s acquisition of US-based renewables specialist Energy Capital Partners. One leading European private equity firm has a particularly stark prediction for how this wave of dealmaking might whittle...Read More

Government officials and a growing number of investors believe the Federal Reserve’s interest rate rises will not damage the US economy significantly. But investment chiefs at two of the world’s largest asset managers are not so optimistic. FT spoke to investment chiefs at two of the world’s largest asset managers, BlackRock and Amundi, who warned...Read More

JPMorgan analyst Nikolaos Panigirtzoglou explained in a note last week that the U.S. Securities and Exchange Commission (SEC) may be forced to approve several spot bitcoin exchange-traded funds (ETFs) after a court ruled in favor of Grayscale Investments regarding the crypto asset manager’s proposal to convert its bitcoin trust into a spot bitcoin ETF. “The...Read More

Source: Financial Times The London Stock Exchange Group has drawn up plans for a new digital markets business, saying this will make it the first major exchange to offer extensive trading of traditional financial assets on the blockchain technology best known for powering cryptocurrency. The company had been examining the potential for a blockchain-powered trading...Read More

Source: Financial Times Combination of stronger US economy in 2023 and stickier inflation trigger downgrades for next year. Persistently higher interest rates in major economies mean global growth is likely to slow next year after outperforming expectations so far in 2023, economists say. Output will expand 2.1 per cent in 2024, according to an aggregation...Read More

Two of the leading US investment houses, Goldman Sachs and Morgan Stanley, have slightly different views on Europe regarding the recession, interest rates and inflation. More specifically, for the European region, Goldman Sachs expects a moderate recession as early as the second half of this year, due to the ongoing significant disruptions in gas supply...Read More

ECB’s Christine Lagarde, announced on September 8th, 2022 the largest historical increase in interest rates in the euro area by 75 basis points, and the intention of the supervisory authority to proceed with a new increase in interest rates, during the immediately following meetings of its Board of Directors. One of the coming ECB meetings...Read More

International News Headlines on significant operational risk incidents that took place in large financial institutions (source: The Risk Universe monthly e-magazine, administered by RiskBusiness Solutions Limited, a UK associate firm of MNK RISK CONSULTING LTD) Read moreRead More