A French court has sentenced Areltte Ricci, heiress to fashion empire Nina Ricci, to a year in prison and two years suspended for evading French taxes using undeclared offshore bank accounts at HSBC’ Swiss arm.

French court sentences Nina Ricci heiress in HSBC tax evasion case

Financial News

HSBC

Private equity firms to slow wealth deals after UK boom: ‘It’s been like stacking shelves’

Trading Places: Barclays hires new M&A boss, Julius Baer restructures again

Private equity’s wealth spree in the spotlight as AFH deal terms raise conflict concerns

Deutsche Bank hires top Barclays banker Swerling as global head of ECM

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The German lender has hired Barclays’ co-head of equity capital markets to lead its team globally

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Find out who is on the move in the City and beyond this week

HSBC hands Blackburn top risk role as shake-up continues

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The UK lender has given the leading compliance job to a 20-year veteran

Goldman Sachs, JPMorgan and Morgan Stanley all saw huge jumps in trading revenue.

Bank Trading Desks Are Minting Money From Trump’s Tariff Chaos

The streaming service has shared financial performance targets with staff that underscore its dominance.

Netflix Aims to Join the $1 Trillion Club

Christian Candy, who just listed his New York townhouse for $70 million, paid around $45 million for the unit, which was asking $66 million in 2020.

British Property Developer Buys Billionaires’ Row Penthouse for a Big Discount

French luxury behemoth LVMH said it booked revenue of €20.31 billion for the first three months of the year, 3% lower organically than in the prior-year period.

Luxury Empire LVMH Posts Revenue Below Views Amid Global Trade War Threat

The lender expects a higher capital impact and lower return on investment than initially projected for its acquisition of AXA Investment Managers, after the ECB clarified its regulatory stance.

BNP Paribas Downgrades Projections for AXA Investment Managers Deal

BNP Paribas Downgrades Projections for AXA IM Deal After Regulatory Guidance

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