Financial Times News Feed

Private equity wanted democratization. The courts may deliver it.

Plus, the law firm that sued over Musk’s pay faces a revolt and a bank scandal sends shockwaves through Brazil’s finance sector

Conservatives returned funds in July from private German bank given ‘in good faith’

Most of our friends are doing it

Todd Combs rose from a Florida state university to Berkshire Hathaway before taking the helm of a new $10bn security fund

Wave of M&A fuels rally as big pharma groups hunt for blockbusters ahead of patent cliff

Banks and asset managers back government campaign to boost retirement pots and funnel money into economy

Companies linked to financier owe property moguls £130mn for mortgage on Leconfield House

Lending booms in developing economies even as US industry struggles following collapse of First Brands

Backed by other small states, the duchy has thwarted the push for centralised supervision

Rising costs in consumer unit are a ‘big part’ of overall increase in spending

Firms like Apollo find it hard to shake narratives formed by legacy private equity and distressed debt operations

Fintech completed funding round at $75bn valuation in November

Plus, the trader known as ‘Gags’ prevails in court and a reshuffling inside Berkshire Hathaway

Loss of 6.5% this year for credit strategy extends period of lacklustre performance for Saba Capital

Move by Square Mile’s governing body comes as it seeks to tackle funding shortfall

Ananym Capital pushes for German group to spin off wind business two years after government rescue

The FT invites readers to join our campaign to promote financial literacy in the UK and around the world

Debt intended to stabilise the auto parts maker has fallen sharply to trade at about 70 cents on the dollar

Flint Global is latest professional services group to attract private equity buyer

Deal comes amid flurry of private capital tie-ups through Lloyd’s of London market, including Blackstone and AIG

Headcount to be reduced following review by Ben Bernanke that highlighted under-investment in IT

Macy’s and Kohl’s generate surprisingly big chunks of their operating income from their store card businesses

UK regulator plans changes to avoid ‘information overload’ and boost investment

Evolution Capital Management must pay Robert Gagliardi $5.4mn plus interest after High Court judgment