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Former Editor

Paperchase owner Primary Capital has hired advisers for a potential sale of another portfolio company that provides luxury toiletries to The Ritz and The Dorchester hotels.

The private equity firm has hired Altium Capital to advise on a possible sale of UK-based Pacific Direct.

Primary hires Altium for Pacific Direct sale

Sale of company which provides luxury toiletries to The Ritz is expected to fetch between £40 million and £50 million, according to a person familiar with the situation

Ayesha Javed

Bank of England unveils plans to reduce senior banker bonus deferrals 

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

Citigroup said to plan fewer promotions in cost-cutting drive

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 

https://images.fnlondon.com/im-93657852?size=1.5

Monzo appoints Mombak’s Tom Oldham as group CFO

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

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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