Man Group netted a total of just over $3bn (€2.1bn) from the sale of MF Global brokerage arm, a business it had once valued at close to $5bn.

The London-based hedge-fund specialist sold its remaining 18.6% stake in MF Global Thursday after the expiration of a lock-up agreement, raising a guaranteed $112m through a forward-sale agreement.

Man Group nets $3bn as it finally exits MF Global

Dow Jones Newswires

City firms’ diversity drives fall victim to cost cutting, survey finds

Natixis IM enters talks with Generali over asset management tie-up

Allspring looks to bolster international operation through M&A 

Kirkland & Ellis hires Clifford Chance London fund finance heavyweight

https://images.fnlondon.com/im-58085248?size=1.5

US legal giant raids Magic Circle law firm in London

Monzo appoints Mombak’s Tom Oldham as group CFO 

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Monzo appoints Mombak’s Tom Oldham as group CFO

The fintech has also appointed Barclays’ Mark Newbery as its UK CFO

Fordham’s geopolitical advisory firm enlists political heavyweights, Citi FX specialist

https://images.fnlondon.com/im-05041354?size=1.37

The advisory firm has turned to a former senior civil servant and Conservative MP to bolster its business amid heightened geopolitical tensions

The Japanese company is taking a bigger bet on the potential of artificial intelligence as the technology improves and gains momentum.

SoftBank Plans $1.5 Billion Investment in OpenAI

SoftBank Group Plans $1.5 Billion Investment in OpenAI

The luxury carmaker is raising around $264 million from investors as it seeks to stabilize its balance-sheet, and has cut its full-year earnings guidance for the second time in nearly three months.

Aston Martin Issues Another Profit Warning

Aston Martin Raises Cash From Investors, Issues Profit Warning

The food-delivery group said it aims to reduce the administrative burden, complexity and costs associated with its London listing, as it joins a growing list of companies leaving the U.K. bourse.

Just Eat Takeaway to Delist From London Stock Exchange

Just Eat Takeaway.com to Delist From London Stock Exchange

Kevin Hassett has been named to lead the National Economic Council, while Jamieson Greer has been selected as the U.S. trade representative.

Internal company documents describe the bank’s weak anti-money-laundering controls and failure to complete due-diligence reviews as staff expressed alarm: “We need to kill this.”

How Morgan Stanley Courted Dodgy Customers to Build a Wealth-Management Empire

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How Morgan Stanley Courted Dodgy Customers to Build a Wealth-Management Empire