Nomura, the Japanese bank which has been on the acquisition trail in the last two months, has become the latest bank to buy a stake in a hedge fund group, following in the footsteps of Morgan Stanley and Lehman Brothers.

The Japanese bank has bought a 15% stake in Fortress Investment Group, worth $888m (€676m).

Renée Schultes

Fortress Investment Group

Morgan Stanley

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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 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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Demand is up for private aviation, the luxury that separates the 1% from the 0.1%.

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The hedge-fund founder’s move ends a tumultuous transition at the firm. Also, Brunei’s sovereign-wealth fund now owns almost 20% of the hedge fund.

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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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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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Nomura breaches Fortress with 15% stake

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