Fund managers need to start preparing for a downturn before their portfolio companies feel the pain, Bain said in a report

Private equity has poured a significant amount of capital into financial services companies since the crisis, attracted by high returns, but as global economies edge towards a downturn, the sector looks particularly exposed.

The value of financial services transactions in Europe reached $22.1bn in 2018, up from $6.5bn in 2011, according to Bain & Company. In the US, such deals were worth $34.3bn, up from $5.3bn in 2011.

Private equity still favours financial services as recession looms — report

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Audit watchdog sticks with flexible working amid Canary Wharf office shift

Ex-Barclays banker Jerry del Missier joins UK non-dom exodus to Milan

UK banks uncovered 178 staff WhatsApp breaches, FCA survey finds

Milbank hires private equity M&A rising star in Germany

https://images.fnlondon.com/im-43406752?size=1.5

Coutts hires ex-JPMorgan banker James Todd as next private client boss

https://images.fnlondon.com/im-95923804?size=1.42

Todd replaces Camilla Stowell who left the NatWest-owned wealth in January

Senior GIC private equity lawyer joins Dechert in London

https://images.fnlondon.com/im-14432569?size=1.5

US law firm hires private equity specialist from key client

Some firm leaders have shrugged off deals as unenforceable, while at least one has taken on trade work for the administration with no fanfare.

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The “Taylor Swift tax,” among other levies, targets the rich. Will they be driven away?

Blue States Hunt for Ways to Wring More Taxes From the Wealthy

The S&P 500 and the Nasdaq composite both hit closing highs for a second straight session.

U.S. Stocks Amble to Fresh Records on Optimism for a September Rate Cut

The vice president is the most high-profile recent American visitor to the Cotswolds, an idyll that locals say is being disrupted by too many Yanks.

JD Vance’s English Countryside Vacation: Rolling Hills, Armored SUVs and Cranky Locals

Tricks of the trade gain new importance as 401(k) accounts open up to alternative investments.

How One Big Private-Equity Fund Makes Its Numbers Incomprehensible

The bank’s economists had predicted tariffs could cause inflation and slow economic growth.

Trump Calls on Goldman to Replace Economist Over Tariff Stance

Tech execs are paying tens of thousands to find brilliant dates or select high-IQ embryos. “They want to raise high-performing children.”

Inside Silicon Valley’s Growing Obsession With Having Smarter Babies

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Billions Flow to New Hedge Funds Focused on AI-Related Bets

Top executives at JPMorgan Chase traveled through states including Mississippi and Alabama, where the bank is expanding its reach.

By Alexander Saeedy | Photographs by Emily Kask for WSJ 

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Trump Shakes Up Wall Street With Orders on 401(k)s, ‘Debanking’

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.

Bank of England Cuts Rates After Tight Vote

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

Exits Lift Carlyle in Second Quarter as Firm Sees Better Market Conditions

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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A weekly call turned into a celebration of heroes as staffers comfort one another through lingering trauma.

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

Trump Says Banks Discriminate Against Conservatives—Including Him

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

Gold Higher as U.S. Economy is Seen Stalling

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.

White House Preps Order to Punish Banks That Discriminate Against Conservatives

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

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Trump’s BLS Firing Tests Wall Street’s Reliance on Government Data

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.

For a Few CEOs, Pay Keeps Growing—by the Billions

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

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Ray Dalio Sells Last Stake in Bridgewater, the Hedge Fund That Made Him a Billionaire

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

Coinbase’s Profit Jumps on Crypto Investment Gains

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Wells Fargo to Name CEO Charlie Scharf Chairman

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.

KKR Posts Higher Revenue, Increases Assets Under Management

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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