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FeaturedWealth Management
Ares, Apollo, Morgan Stanley curb withdrawals again, rattling private credit
Investors sought to pull 14.4% of shares from the USD 22.6 billion Ares Strategic Income Fund (ASIF) in the Q2, up from 11.6% in Q1
BankingFeatured
New co-presidents reignite JPMorgan succession rumours
Petno and Rohrbaugh, who have jointly run the bank’s Commercial & Investment Bank (CIB) since early 2024, will now each lead a division outright
EconomyFeatured
AI, semiconductors and defence: Japan eyes supercharged economy by 2041
The plan, detailed in documents released after a policy advisory panel meeting, earmarks 101.6 trillion yen for AI and chip-related spending alone
FeaturedTransport
Ferrari names former BMW Italy head as new marketing chief amid Luce EV controversy
Enrico Galliera will be succeeded, from July 1, by Massimiliano Di Silvestre, former president and chief executive of BMW Group Italy
AviationFeatured
EasyJet rejects Castlelake’s takeover attempt, demands ‘more attractive proposal’
While rejecting Castlelake's fourth bid, easyJet's board unanimously accused the American firm of attempting to undervalue the airline
BankingFeatured
Strong UBS capital rules required for Switzerland’s financial stability, says minister
Karin Keller-Sutter's remarks come amid an ongoing standoff between the Swiss government and UBS over capital requirements
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