Private equity firm sees assets under management close in on $200bn

Reporter

’s second-quarter profit rose as the firm sold off assets into a strong stock market.

The New York private equity firm said Thursday that its net profit was $680.4m, or $1.24 per share. That compares with $405.6m, or 81 cents a share, in the second quarter of 2017.

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US law firm hires private equity specialist from key client

Barclays poaches Citi managing director for wealth private credit push

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Dale Walsh will accelerate growth of the private bank and wealth management’s lending business

Northern Trust taps UN pension fund for head of international role

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Pedro Guazo, who joins in August, will also oversee the $1.3tn asset manager’s responsible investment platform globally

The country’s Competition and Markets Authority chose not to pursue a deeper investigation into the merger.

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The 51-50 vote on tax and Medicaid cuts sends the measure back to the House ahead of President Trump’s July 4 deadline. Vice President JD Vance cast the tie-breaking vote.

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The brokerage will allow European customers to trade more than 200 U.S. stocks and ETFs as digital tokens and is developing its own blockchain.

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Financial services companies like BNY and JPMorgan say AI’s capabilities are taking more and more cues from the way humans work.

Central bankers have conceded that they underestimated the impact of interruptions to supply on prices, having been more used to focusing on demand surges as a source of inflation.

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The S&P 500 has now added more than 9% since President Trump announced sweeping tariffs.

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The buyback program delivers on UBS’s plans to hand money back to shareholders after the Swiss government proposed tougher capital rules for the bank earlier this month.

The firm had big ambitions for three resorts with views of the Aegean Sea. It recently sold the properties, barely breaking even.

Goldman Sachs Scraps Plans to Build Hotel Brand in Greece

Blockbuster tie-ups continued in the second quarter in industries relatively insulated from tariffs.

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Sixth Street’s Alan Waxman thinks his publicly traded rivals are turning private credit into a commoditized, lower-returning business.

By Miriam Gottfried | Photographs by Jason Henry for WSJ 

A Pioneer in Private Credit Warns the Industry Is Ruining Its Golden Era

Carney and Trump will try to reach an agreement by July 21, a Canadian spokeswoman said.

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Canada Rescinds Digital-Services Tax to Salvage Trade Discussions With U.S.

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