Paul J. Davies

Private equity has been living through a nightmare in recent years. Zombie companies are clogging up portfolios because selling them at prices managers wanted has been nigh on impossible. Firms have resorted to ever more convoluted ways to return cash to their investors, including selling assets to themselves and taking on new forms of borrowing.

Switzerland is searching for a better insurance policy against any failure of its last global bank, UBS Group AG. The latest proposal from lawmakers to make a financial crisis less likely to crash the economy is meant to protect taxpayers from any future bailout while keeping the lender competitive. But the plan is complex, costly and probably not even workable.

Robinhood Markets Inc. made it easier and cheaper for armchair investors to trade all kinds of financial markets and now it wants to open doors to initial public offerings, too. The online broker will get a chance to show what it can do with its first underwriting role, on the $3 billion listing of smart-ring maker Oura Inc.

While taxation is an important influence on the behavior of individuals and companies, it’s rarely the only — or even decisive — factor in where they locate.

U.S. regulators are determined to boost cryptoassets. That's unsurprising when they owe their jobs to the meme-coin billionaire (and U.S.

The rush for the exits by wealthy investors in private credit funds is far from done. But even as the rich run away from direct lending, they aren't abandoning alternative assets.

Higher-for-longer interest rates are forcing buyout firms to face facts. Struggling since 2023 to sell companies purchased in the long decade of

Customize Consent Preferences Higher-for-longer interest rates are forcing buyout firms to face facts.

From back-office hubs to high finance, Britain's banking industry is a case study in the coming age of automation