UK legislation will reduce uncertainty and create an additional barrier to entry for would-be rivals

Regulations intended to prevent a repeat of bailouts after 2008 crisis

Woke Marxist Moody’s

Lending to buyout firms and private credit groups is up 20% in a year to $1.2tn

Reforms aim to coax estimated $271bn of undeclared Argentine cash back into formal economy

Yields on 30-year US Treasuries hit highest level since 2023 and stocks fall on debt concern

Plus bright spots in US consumer sentiment

Plus, Bill Ackman’s big bet, Hong Kong shares outperform, and the call of Patagonia

The asset class is not the simple panacea that policymakers and investors might want

Executives seek to reassure investors as analysts warn of risks from sub-$60 oil prices

Deal with Proprium follows strategic review by L&G chief António Simões

New legislation will make companies such as Klarna and Clearpay answerable to Financial Conduct Authority

Boutique groups have rushed to fill the gap left by Wall Street heavyweights

Big Tech should have a legal duty to check investment advertisers are authorised

Licensing delays under new regime put at risk shipments of materials crucial for products from EVs to fighter jets

Worries about Chinese economy and enthusiasm for HK tech stocks drive record high flows into city from mainland

Downside risks to growth and inflation have become bigger, Belgian’s central bank governor warns

Giving your finances a check-up can be vital for those who embarked on retirement on an unsustainable financial footing

What a one-notch cut means for the market, the banks, and the White House

Some wallets that scooped up large chunks of the president’s token have already transferred them