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L&G eyes 70 job cuts across asset management business

Asset Management Correspondent

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Legal & General is looking to cut around 70 jobs in its asset management arm.

The FTSE 100-listed insurance and investment group has launched a consultation with staff on axing the roles.

The UK asset manager, which has made a big push into private markets, is looking to cull tens of roles

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The U.K. central bank lowered its key rate for the fifth time in a year as it seeks to balance a pickup in inflation against a cooling jobs market.

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The private-equity firm’s profit rose amid what its executives called the best environment for selling assets in years.

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The bank’s quarterly net result declined but revenue rose 13% compared with a year ago, and it reaffirmed its capital returns plans.

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The president recounted his experiences when asked about an executive order the White House is preparing.

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Gold prices are climbing as the threat of a U.S. economic slowdown becomes increasingly real.

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The president is expected to sign an executive order as soon as this week that targets what is called debanking of businesses including crypto companies.

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Some fear a decline in the world-leading economic statistics underpinning U.S. markets.

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Big stock awards have grown much bigger for the chief executives of Palantir and Broadcom, driven by dramatic market gains and, in some cases, complex multipliers.

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The U.K. Supreme Court said a commission from a bank to a car dealer isn’t considered a bribe and dealers don’t violate rules by not disclosing this commission to customers.

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Gold futures rose as the speculation around an interest rate cut in September intensifies. Gold settled 0.8% higher, up for a second consecutive session.

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The largest U.S. crypto exchange’s revenue fell short of Wall Street expectations.

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The appointment rewards the executive who led the bank back from a scandal involving the creation of millions of fake customer accounts.

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Microsoft joined Nvidia in the $4 trillion market-cap club, while Meta is closing in on the $2 trillion mark.

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The New York investment firm posted a profit of $472.4 million, compared with $667.9 million a year earlier.

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America’s most powerful banker and the president have met twice in the past two months to talk about the economy, interest rates and trade.

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The London-based bank said it is well on its way to achieving the target of returning at least $8 billion to shareholders over the three years ending in 2026.

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Individual investors are trading with abandon, driving up prices of everything from stocks to crypto—and turbocharging the brokerage business.

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The retail trading platform posted a profit of $386 million for the quarter.

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Work-to-party founder Adam Neumann liked to say he ran a tech company. WeWork’s new, postbankruptcy marketing chief is tasked with positioning the brand as an old-fashioned office space provider.

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U.S. stock futures and European indexes gained, while the dollar strengthened against the euro, after President Trump announced the trade agreement Sunday.

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